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.
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- create order in forex,how to create an order on forex,how to create orders in forex trade,how to generate an order in FOREX,what is create order in forex
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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.
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Hope i helped!