A forex trading order on an international foreign exchange market is a special client-trader order to execute a trading transaction in order to carry out a purchase or sale with the price fixed on the market at the moment. The transaction takes place as soon as possible using the trading terminal. The transaction price is created by a special window in the brokerage company’s trading terminal or through market quotes offered by the seller.
A deferred order is a special order by a trader to execute a transaction for sale or purchase with a price that differs from the price set on the market.
In a trading terminal, a market participant creates the most acceptable price deviation from the execution of a trading order from the original price it chose. If prices fluctuate rapidly in the market and there is a certain delay, the opening of a trading position takes place in this format:
If the market price comes out of a possible deviation, which is noted by the trader, the market participant will receive a new market price. If the market price falls within the price deviation chosen by the investor, the trading position opens at the same market price.
What types of accounts
Please consider what are the “order types” of Forex. There are four main types of trading accounts:
Sell Limit Trading Order. It assumes implementation with a price higher than the price registered on the market. Buy a Limit trading order. It assumes an acquisition with a price lower than the price recorded on the market. Sales order stop transaction. It assumes implementation with a price lower than the price registered on the market. Buy a stop trade order. It assumes an acquisition with a price higher than the price registered on the market.
Application
“Order Types” Forex assumes that when the market price reaches the price set in the structure of the trading order, the trade is automatically executed for purchase or sale. Trading orders The sell limit and purchase limits are executed at the price indicated by the market participant or the most optimal price. Sales Stop and Buy Stop trading orders are also executed at the price that the market participant has formed. The exception is when there are price gaps in the market. The execution of the order is then carried out at a price which, after first appears on the market at the selected time at a time.
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