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When Placing an order, when you sell(short) which order do you use limit/market order or market/Stop order and when you long or Buy do you use Market/Stop or Market/Limit?
Orders(Buy/Sell)
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- In Forex Brokers
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- John Ka...
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- 1 year ago
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The selection of type of order to use shall be dependent on the trading strategy and trading plan on hand. |
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This all depends on you. Limits and Market order will make a big difference. What does your plan call for. But after the initial order the Stop is placed, then the take profit |
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This depends on the volatility of the maket. I have placed all type of orders according to the situation. |
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If you are referring to pending orders, it depends where the current price is in relation to the price order level you want to set. |
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I normally just go market order. FXCM active trader platform is very fast. If you have gap problem when execute trades. You can set maximum pips deviation of your buy or sell order in the order window that way you are a least protected. |
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It depends on what type of trader you are. A long term trader will use Limit order for buy or sell. Stop orders are used only to close a trade at the specified price which you determine. |
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