Types of Orders in Forex Trading

When your broker buys or sells currency for you, he or she is "executing" an order. Simply, a broker places a market order to buy or sell a currency at the current market price. A trader places a market order by determining what type of currency pair he wants to trade, plus the number of lots he wants to trade. You use a limit order to buy or sell currency when the currency reaches a particular price. If, for example, you expect the price of a particular pair of currencies such as GBP/USD to go up, you can place a buy order at 1. Read More Here

Technorati Tags: Forex Trading, forex orders

Share This