Types of Forex Orders
A market order is an order to buy or sell a certain contract immediately. This type of order guarantees that the order will be executed on the spot. A market order generally will execute at or near the current bid (for a sell order) or ask (for a buy order) price.
- Executed immediately based on 'bid' and 'ask'
- BID is the price a buyer is willing to pay for an asset
- ASK is the price a seller is willing to accept for an asset
- Spread is the difference between the Bid and Ask
An order to buy or sell at a target price or better
Stop Market Order
Triggered at specified price, executed at market and