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Forms of Trading Orders

There are basically 3 types of trading orders:
  1. INSTANT MARKET EXECUTION
  2. STOP ORDERS
  3. LIMIT ORDERS
We would just be talking in detail about Instant Market Execution, we would see the other types when we start our technical analysis class, so that you will understand them properly. Instant Market Execution in simple terms means you are buying at that instantaneous market price.

Let’s say a currency pair is presently at $50 and you clicked on buy, what you just did was Instant Market Execution because you bought at that current price.

forms of trading orders

In the image above, when you click on that drop down icon at or Instant Execution, it would show the other forms of market orders, MT4 keeps it at Instant Market Execution by default. In the 2nd image, we would see below, I will show you where to adjust your Lotsize, which we talked about earlier depending on how much you want to be making. i.e whether it would be $10 per pip (1.0) or $1 per pip (0.1) or $0.1 per pip (0.01) e.t.c

The middle arrow is pointing at the Lot size that you have set. You use the other arrows by the sides to adjust the Lot sizes to various multiples .i.e whether to increase or decrease it to your desired Lot sizes.

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