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Thread: Types of orders

  1. #1
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    Types of orders

    Two main categories:

    Market Order – instant order

    Pending Order – when you set the condition, on which this order will be opened


    Types of pending orders:

    Limit Order: buy limit, sell limit.

    Buy limit

    Sell limit

    Stop Order: buy stop, sell stop.

    Buy stop

    Sell stop


  2. #2
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    Doing peg orders is good as well.


  3. #3
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    I mostly use market orders. They are the best when you see a setup enter a trade. I don't like pending order too much but will use them if needed in the future.


  4. #4
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    I also use market orders, The market order is probably the most basic and often the first order type traders come across.


  5. #5
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    Well I guess we can also use "Pending Orders" option using MT4 by setting the buy option and sell option if we are sure about any news and its impact over the underlying asset.


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