Forex Trading Orders

What is the Ask Price (Offer)

The Ask Price or offer price is the price offered for a particular currency to be bought.

What is the Bid Price

Bid Price is the price offered to traders to sell a Forex currency.

What is a Market Order

A Market order is the type of trading order which is not limited by price or by time. Market orders are executed extremely fast but they are expensive for traders.

What is a Stop-Loss Order

A Stop Loss order is an order that limits the loss potential of a particular trade. For example if a trader opens a position on EUR/USD at 1.2000 he can limit its losses by entering a stop-loss order at 1.1980. That means that if EUR/USD reaches 1.1980, the trade is automatically closed. By this way the maximum loss of the trader is predetermined and equals 20 pips times the size of the trade {0.020 X size of the trade}.

 

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What is a Limit Order

A limit order is an order to buy or to sell a Forex Currency at a pre-determined price level.

What is a Limit Entry Order

A limit-entry order in an order to buy a currency below the current market level or to sell a currency above the current market level. This order aims to a trend reversal.

What is a Stop-Entry Order

A limit-entry order in an order to buy a currency below the current market level or to sell a currency above the current market level. This order aims to a trend continuation.

What is an OCO Order

OCO means One-Cancels-Other. OCO includes two orders, if one order is executed the other is automatically cancelled.

What is a GTC Order

GTC means Good-Till-Cancelled. GTC is an order that remains in the market until it is either filled or it is cancelled.

 General Related Terms

What is a Transaction

A transaction in Forex is the procedure of opening and closing a currency trading position.

What is Transaction Cost

Transaction cost in Forex, is the incorporated trading cost when buying or selling currencies. Transaction cost mainly includes the trading spread or/and trading commissions.

What is Arbitrage

Arbitrage is the type of trading when opposite transactions are executed simultaneously.

What is Borrowing

In Forex, it is the borrowing of a foreign currency at a specified interest rate.

What is Intraday Trading

Intraday trading means buying and selling currency pairs during the same day.

What is Intraday High

It is the highest price of trading activity in a particular day.

What is Intraday Low

It is the lowest price of trading activity in a particular day.

 

 

 

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Which are the Forex Trading Orders

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