When you step into trading-whether it be forex, knowing about the types of trading orders is a must, since this is the way to tell the market how to work with your invested funds. That message is carried by the kind of order you pick: market , limit , or stop . Knowing the ins and outs o f these three options helps keep beginners from losing money simply because the right command was never sent to the trading screen. Understanding Order Types At its core, an order is a written instruction telling a trading platform to buy or sell a certain asset at a certain moment. Market orders, limit orders, and stop orders each play a special role, letting you decide exactly how fast or slow your trade should move. No matter whether you’re eyeing the EUR / USD , a Tesla share , or a piece of Bitcoin , these basic commands keep your money in line without forcing you into any preset game plan. The Types of Trading Orders – A Complete Review A market order is simple: hit th...
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