- Number of messages : 49
Points : 2258
Date of Entry : 2015-08-26
Year : 32
Sat Sep 05, 2015 6:05 pm
Market Order/ExecutionA market order is an order to open a buy or sell position at the best current available price.
Pending OrderA pending order is an order to buy or sell an instrument at a specified future price, only if the market reaches that specific price.
Limit OrderA limit order is triggered when the market moves past your specified entry level, providing the limit order price or a better price on your trade entry - but never a worse price.
Stop-LossA stop loss is a conditional order set at a fixed price level which is aimed at closing a position after a certain price has been reached. A stop is triggered when the market moves in an unfavourable direction for the trader. It is designed to prevent further losses when a position is losing money.
Trailing StopA trailing stop is a type of stop-loss order that moves with the trade as the market price fluctuates. It does not remain at a fixed price and is therefore set in a distance of pips. The trailing stop only activates when the trailing stop level has been reached. It is designed to realize the profit made by the position.
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