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Sunday, June 27, 2021

Order Types (How To Set Up)

Order Types (How To Set Up)

EUR/USD OANDA:EURUSD

Order Types:

Market Order- Placed at market price

Limit Order- Entry or exit order placed above or below market

Stop Order- Entry or exit order placed above or below market.

Rules for Placing Forward Orders:

above current price:
BAS: Buy Above is a Stop Order
SAL: Sell Above is a Limit Order

below current price:
BBL: Buy Below is a Limit Order
SBS: Sell Below is a Stop Order

*YOU need to know this prior to trading Forex- always use a entry, stop and target order when entering any new trades. Risk management.



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