The 4 most popular Forex order types are Market, Limit, Stop and Stop Loss Know what they are and how to use them to better manage your trades... This subject and many others are covered in more detail in the FREE Forex Guide available at Forex Useful - http://forexuseful.com/new/members/21812-forex-guide/

1. Forex Order Types
The 4 most popular Forex order types are
Market, Limit, Stop and Stop Loss
Know what they are and how to use them to better
manage your trades...

2. Probably the most common Forex Order type of all
Market orders are used to
enter or exit the market immediately at...
the Current Market price
Market Orders
BUY or SELL at the Current Market price
Buy Sell

3. Simply, a Buy Limit order is used to BUY at a price
BELOW the Current Market price
A Sell Limit order is used to SELL at a price
ABOVE the Current Market price
BUY at my “Limit” price
if the Current Market price
FALLS to that level or
SELL at my “Limit” price
if the Current Market price
RISES to that level
Limit Orders

4. Simply, a Buy Stop Order is used to BUY at a price
ABOVE the Current Market price
A Sell Stop Order is used to SELL at a price
BELOW the Current Market price
BUY at my “Stop” price
if the Current Market price
RISES to that level or
SELL at my “Stop” price
if the Current Market price
FALLS to that level
Stop Orders

5. “Liquidate my position”
Close (SELL) my Open Long position
at my “Stop loss” if price
FALLS to that level
Close (BUY) my Open Short Position
at my “Stop loss” if price
RISES to that level
Probably the most important Forex Order type of all
Always linked to another Order (open trade/position)
a Stop Loss is used to limit losses
Stop Loss (Orders)

6. Produced by
Know your Forex order types and how to use them
Never trade without a Stop Loss
Forex Order Types