What Are The Types Of Orders In Forex | Forex Orders Detailed Explanation FX111
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- Опубликовано: 10 сен 2021
- #forexfreecourse #scalpiing #forex #daytrading
On today's videos I cover the different types of orders in forex like like market orders , pending orders and trade management orders. Please Like the video if you learned something today 👍 and let me know on the comment section if you have any questions 😊
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⏰ Time Stamp ⏰
00:00 Intro
00:08 Table Of Content
01:44 Types Of Orders
08:12 Limit Orders
15:56 Stop Orders
22:49 Stop Loss Order
25:21 Trailing Stop Order
28:11 Order Types Digital Board Explanation
00:00 Outro
⏰ Time Stamp ⏰
Types of Orders in the Forex Market
Market Order
Market orders are the most common type of orders used in the Forex market. Simply put, it is just an order to buy something at the current market price. Therefore, if you have ever purchased anything online, the “Buy Now” button kind of performs the functionality of what the market order does in the Forex market.
Therefore, it can be said that the market order is executed on a real time basis when placed. This order automatically searches the best possible price available in the market and books your order at that price.
A market order becomes an open position immediately. As such, profits and losses that accrue on this order have to be realised when the position is closed.
Profit Booking Order
Profit booking orders are usually orders to square off a long open position i.e. to sell. These orders specify the conditions that need to be met before the square off takes place. For instance, an order to execute a trade if the profit reaches 10% or there is a 12% price rise is a profit booking order. These orders enable traders to book profits in a market where prices change rapidly and manual placing of orders may take a lot of time.
Stop Loss Order
A stop loss order is the reverse of a profit booking order. However, it is used much more widely in the markets than the profit booking order. The order specifies a downward threshold that the investor is willing to bear. If the prices fall beyond this threshold, the investors sell their holdings with the intention of minimising their losses.
Therefore an order to square off a long open position when prices plummet is called a stop loss order. Once again this order acts quickly and prevents losses by acting much faster than manual intervention could.
NOT FINANCIAL ADVICE DISCLAIMER
The information contained here and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. Развлечения
This mkt execution, pending order, trailing stops and so on, has always been nightmare for me to understand. But with this lessons of today, I got it clearly. I must confess u are really a God send to some of us. Keep doing the good work. God bless u
Glad it was helpful!
anyone who dislikes your videos does not have understanding... you are the best teacher my
mentor
I'm a beginner and i have been struggling to understand pending orders, as well as breakeven. This is awesome, you are simply the best forex teacher🙏🇿🇲
You're so welcome!
If I could only add more "thumbs" (likes) for those watching and not liking the content. Great information. Well explained terminology which I always hear but never bother to know in detail.
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Great lesson. Thanks a lot. "Limit orders are used to catch reversals, and stop orders are for trend continuation. There are trade management and trade execution orders." Powerful stuff.
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you are welcome
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Thank you Sir for the valuable lesson, today become very clear to me the Trade execution orders , Trade management orders and how important is this marriage when come to place a trade.
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'THE BEST IS YET TO COME'
The best is yet to come.
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Okay a video coming on that
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I have learned one new thing today. I know of all the market execution orders and have frequently used them to my advantage. What I don't know about it the TRAILING STOP. Thanks so much for this video. ✌️✌️✌️
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Glad you think so!
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Thankyou for your input
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AM STILL LEARNING
Thank you very much for this highly quality content you are giving to us for free, God bless you so much. Please, Do we have manual trailing stop aside the automatic trailing stop?
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