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How many types of orders & which is best?

How many types of orders & which is best?

Answer:- Dear members ,this is the fundamentals ,you should know before entry in live trade.

Types of orders

  • GTC(good till cancel)
  • Valid till
  • Pending working order
  • OCO(once cancel the order)
  • Contingent
  • Executed orders

I am going to teach you, so important orders; in real world trading the professional traders are using this type of orders in forex and CFD trading.

Market Order:

Every order having own unique characteristics, In this case order place at current market price.it works at instantly and place order. Place order buy or sell at current market price or called market execution.

1

 

Buy Limit:

In this case place the order (pending order) certain the market price.it takes time duration to touch the limit you set for trade buy entry price.

Many professional traders place this type of limit order at low risk and make good profit at their predefined plan and master strategy.

Sell Limit:

In this case place the order (pending order) at certain the market price.it take time duration to touch the limit as you set for trade sell entry.

Many professional traders place this type of limit order at low risk and make good profit at their predefined plan and master trading strategy. After sometimes you become professional traders, trade in real chart.

 

Buy Stop order:

In this case market is moving to up and order takes place at above the current market price or buy stop level.

 

Sell Stop Order:

In this case market is moving to down and order takes place below the current market price or sell stop level.

 

You make your master one strategy and trade at low risk and money management.

My Final thought:

this is very importance and trading as professional trader.trade set up with predefined plan with trading journal and trading plan .My Gold members are getting the daily major market updating and trading signal,trade set up with perfect time period.

 

Thank You

 

2 Comments

  1. Lucretia says:

    This is really useful, thanks.

  2. This Post says:

    This is truly helpful, thanks.

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