There are types of orders you need to know before entering the Forex Market. In this article, we will give brief information about forex order types / types. In addition, we will add a video prepared by Forex Expert Okan Aybar for Finans Online FX to explain the types of orders visually.
Market Order is the type of order given to sell or buy at active market prices. It is the sale or purchase order given at the price that occurs in the markets.
Buy Stop The order is used to buy at a price higher than the price currently traded in the markets. Buy Stop The order is used to make purchases at a price higher than the instant price of the market.
Buy Limit With the type of order, if the price is lower than the instantaneous level, the active purchases can be made.
Sell Stop Order is a type of order used to make sales transactions at a price even lower than the price that continues to be traded in the markets.
Sell Limit Order is the type of sales order that can be activated due to the fact that the prices are slightly higher than the instant level.
Take Profit is a type of order that is basically used to make a profit by closing a predetermined and open transaction at a price. It can also be referred to as Karıl Al.
Stop Loss is an order to close transactions that are open for a certain price with the idea of limiting the loss with this type of order, also known as a stop order.