Understanding Forex Orders

Understanding Forex Orders

Basically the Forex Market Order is an order to buy or sell which is executed immediately at the current currency price. Orders are displayed as either a bid or ask price. The information in this article is a brief introduction to understanding today's Forex Market Order.

Entry Orders: An entry order is an order that is executed when a particular price level is reached and/or broken. The execution of these orders are under the dealing desk supervisor and remain in effect until the client cancels the order.

Limited Entry Orders: All Entry Limit Orders work to initiate an open position to sell every time the market rises, or buy every time the market falls. The market is expected to vary in direction at the level of the order.
1. Buy Entry Limit: An order to buy at a price below the current market value.
2. Sell Entry Limit: An order to sell at a price above the existing exchange.

Entry Stop Orders: Placing this type of order will initiating initiating an open position to sell whenever the market falls, or buy whenever the market rises. The client placing a stop entry order believes that when the market's momentum breaks through a specified level, the rate will continue in that direction.
1. Buy Entry Stop: An order to buy at a price ABOVE the present exchange.
2. Sell Entry Stop: An order to SELL at a price below the existing market value.

Limit Orders: A limit order is an order tied to a specific position for the purpose of locking in the gains from that position; while they are placed on a buy position it is an order to sell and limit orders placed on a sell position is an order to buy. All limit orders remain open until the position is liquidated or canceled by the client.

OCO (One Cancels the Other): A stop-loss order and a limit order linked to a specific trade position. One order, the stop, is to prevent additional loss on the trade position, and one order, the limit, is to take profit on the trade position. When either order is executed, closing the trade position, the other is automatic any canceled.

OCO (One Cancels the Other): A stop-loss order and a limit order linked to a specific position. The stop order, is to prevent additional loss on the position, and the other order (the limit order), is to take profit on the position. When either order is executed during closing the position, the other is automatic Any canceled.

Every stop-loss orders remain in use until the position is paid off or canceled by the client. While a stop-loss order on a sell position is an order to buy that position.
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