Course: Forex Trading
Lesson Insights
It is easy to learn the order types on the forex market. The market and limit orders are introduced along with stop-loss and profit-taking. Furthermore, the difference between instant and market execution is also important to understand.
Market orders are executed immediately at the current market price, while limit orders allow traders to set their desired price at which they want to enter or exit a trade. Stop-loss orders help to minimize losses by automatically closing a trade when the price reaches a certain level. Profit-taking orders are used to secure profits by closing a trade when a certain level of profit is reached. The difference between instant and market execution refers to how quickly the order is filled. Instant execution fills the order at the requested price, while market execution fills the order at the best available market price at the time the order is processed.
It is easy to learn the order types on the forex market. The market and limit orders are introduced along with stop-loss and profit-taking. Furthermore, the difference between instant and market execution is described in this lesson.
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