What Are Market Orders, Entry Orders, Stop Loss, Trailing Stops And Profit Limit Orders?
Market Order means that the trader is interested in entering the currency position at the moment whether it is long or short. Depending on the trading strategy, forex traders depend on Market Orders heavily. The main feature that differentiates a market order from other orders is that the market order is executed at the current market price as compared to the future market prices. Market Orders are used by traders who are physically present at their trading stations watching the market waiting for a particular trade setup or fundamental news announcement. Once the trading opportunity presents itself, the trader is able to establish an instantaneous position in the market with the help of a Market Order. In contrast to Market Orders, an Entry Order is a pending order that is to be executed in the future when a certain price level is reached. These type of Entry Orders can be set well in advance and are only executed if that price level is reached. Now there are two types of Entry Order;
