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Forex Order Types Explained
2:58 · 8 chapters · Forex lessons, part 39
What you'll learn
Market, limit or stop? Here's where each forex order sits, when it fires, and how to pick the right one for your plan.
Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.
- Key point 1
- How a market order fills, and why slippage and the spread matter
- Key point 2
- Where buy stop, sell limit, buy limit and sell stop orders sit
- Key point 3
- The difference between a buy limit and a buy stop
- Key point 4
- How stop loss, take profit and trailing stops close trades for you
- Key point 5
- What good till cancelled and good for day mean
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
More forex lessons
The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.