September 3, 2008

Forex Orders: Do You Want Your Pips Crispy, Fried, or Super-Sized?

There are several basic types of orders, but this article will concentrate on only six of them to keep things simple, and keeping orders as straight forward and simple as possible is one sure sign of an experienced trader. Market orders are orders that are made by buying a currency pair for the market's current quoted value. A "Stop-Loss Order" is an order to sell at a specified exchange rate that is below the current market rate. With a GTC order, the order is good until you cancel the order or the order is triggered by the market. Read More Here

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