Types of Forex Orders
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Overview
In this section we'll show you how this course has been structured and how to get the most out of it. We'll also show you how to solve the exercises and submit quizzes.
Stop Order
An essential technique of risk management is placing an order, such as a stop-loss that will automatically close the trade if the market reaches a certain level. A stop-loss order is an instruction allowing the platform to close its open position once it has reached a specific level set by you. As the name suggests, this will be at a price below the current level of the market and will be triggered into losing trades to help minimize losses.
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Trailing Stop Order