Forex Market Order, Create Order in forex platforms?
I’m new to Forex, just started a demo account with a forex broker. I open a position by clicking the tab "open trade", but there are some more options nearby like "market order", "create order". I don’t know what the use of these market order or create or order. Someone please help me with this.
Extra tags:
Related posts:
- If I Open a trade in forex, Does it mean I’m creating a “market order”? I’m a newbie in forex trading, just downloaded a broker platform and doing demo/practice account. There I see option called "open trade" and also called...
- When selling a currency pair, what order do I use to take profits? I am reading and learning forex trading using a demo account. I am selling the USD/CHF. I have my buy-stop in place above the market...
- Which forex broker should i use? I have done a lot of research learning about the forex market and how everything works. i want to open a demo account, but have...
- forex stop and limit order? Guys, does any forex broker allow the following type of order? Suppose EUR/USD is trading at 1.4550. I think that euro might fall further before...
- 15 year old want to trade Forex? hi i am 15 years old and i found the best way to make money from Forex. I have an EA which doubles my money...
Tagged with: demo • demo account • forex broker • Forex Questions • market • order • quot
Filed under: Forex Brokers
A market order is an order to buy or sell a stock at the current market price. Unless you specify otherwise, your broker will enter your order as a market order. If you specify the price- thats the create order. See for further explanations http://www.howtotradeforeigncurrency.com/how-to-place-a-market-order.php
Not a problem.
Market order means to buy / sell at current price
buy limit order means to buy at the limit price or lower.
sell limit order means to sell at the limit price or higher.
If you are new to forex, you can visit my blog where i write articles for newbies.
Hope i helped!