What is the Ask Price (Offer)

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

What is the Bid Price

The Bid Price is the price offered to traders for selling a Forex currency.

What is a Market Order

A Market Order is a type of trading order that is not limited by price or time. Market orders are executed very quickly but can be more costly for traders.

What is a Stop-Loss Order

A Stop-Loss Order is used to limit the potential loss on a particular trade. For example, if a trader opens a position on EUR/USD at 1.2000, they can limit their losses by setting a stop-loss order at 1.1980. This means that if EUR/USD falls to 1.1980, the trade is automatically closed. In this way, the trader’s maximum loss is predetermined and equals 20 pips times the size of the trade (0.020 × trade size).

What is a Limit Order

A Limit Order is an order to buy or sell a Forex currency at a predetermined price level.

What is a Limit Entry Order

A Limit Entry Order is an order to buy a currency below the current market level or to sell a currency above the current market level. This order targets a potential trend reversal.

What is a Stop Entry Order

A Stop Entry Order is an order to buy a currency above the current market level or to sell a currency below the current market level. This order aims to capture a trend continuation.

What is an OCO Order

OCO stands for One-Cancels-the-Other. It consists of two linked orders; if one is executed, the other is automatically canceled.

What is a GTC Order

GTC stands for Good-Till-Cancelled. It is an order that remains active in the market until it is either filled or manually canceled.

🌍 General Terms

What is a Transaction

A transaction in Forex refers to the process of opening and closing a currency trading position.

What is Transaction Cost

Transaction cost in Forex refers to the total trading expense involved in buying or selling currencies. It mainly includes the trading spread and/or trading commissions.

What is Arbitrage

Arbitrage is a trading strategy where opposite transactions are executed simultaneously to exploit price differences.

What is Borrowing

In Forex, borrowing refers to taking a foreign currency loan at a specified interest rate.

What is Intraday Trading

Intraday trading involves buying and selling currency pairs within the same trading day.

What is an Intraday High

It is the highest price reached during trading activity on a given day.

What is an Intraday Low

It is the lowest price reached during trading activity on a given day.

🔗 COMPARE: » Forex Brokers Online | » Forex Bonus

🔗 Read More: » What is a Forex Account | » What are Forex Signals | » What is ECN Forex Trading

◘ What-is-Forex.com (c)

Which are the Forex Trading Orders