Market Order where you can buy or sell a currency pair at
the market price the moment that the order is processed. It is given to
broker to buy or sell a currency at that moment.
Entry order – An order where you can buy or sell a currency pair when it
reaches a certain price target. In theory, this can be any price. You can
set an entry order for the low price of a time period or the high price of a
time period.
The entry order allows you to choose a price and place an order to buy at
that price.
Stop Orders – are orders placed to enter or exit the market at specific
price ,orders that becomes a market orders when a particular price level is
reached and broken. stop orders are placed below the current market value of
that currency.
Limit Order - An order that becomes a market order when a particular price
level is reached. A limit order is placed above the current market value of
that currency.
If Done Orders – are supplementary orders whose placement in the market is
contingent upon the execution of the order to which it is associated.
OCO Orders – Means (One Cancels Other). Are placed so as to take advantage
of price movement, which consists of both a Stop and a Limit price. Once one
level is reached, one half of the order will be executed (either Stop or
Limit) and the remaining order canceled (either Stop or Limit).
