The Broker Reviews dubai

Forex orders are instructions given by traders to buy or sell currencies at a specific price. These orders are strategically placed based on market analysis to maximize profits and minimize losses. In this blog, we’ll explore the different types of forex orders and how they work. Types of Forex Orders There are two main types of forex orders, each with subcategories: 1. Market Order A market order is executed when a trader buys or sells a currency at the current market price. It’s an immediate transaction based on the price that’s active at the time of placing the order. 2. Pending Order A pending order is set in advance, and the trade is executed only when the market price reaches the specified level. Limit Order In a limit order, the price is predefined for buying or selling. For a sell limit order , the trader sells when the market price reaches or exceeds the set price. For a buy limit order , the trader buys when the price reaches or falls below the predetermined value. Stop Entry...