Hey Rich Friends,
Today, I will explain how I use market orders when trading in the Forex Market.
By taking advantage of this option, I am able to enter my trades with less anxiety and never experience FOMO when I have pending orders set hours and days in advance.
Here are 5 Types of orders you should know:
1. Market Execution: Buying or Selling at the current price in the direction you expect the market to go. Adjust your TP and SL accordingly.
2. Buy Limit: The entry point is set BELOW the current market, but the price is still expected to rise and continue buying.
3. Buy Stop: The entry point is set ABOVE the current market, but the price is still expected to rise and continue buying.
4. Sell Limit: The entry point is set ABOVE the current market, but the price is still expected to fall and continue selling.
4. Sell Stop: The entry point is set BELOW the current market, but the price is still expected to fall and continue selling.
I hope this helps someone!
- Peace and Profits, Cha
Today, I will explain how I use market orders when trading in the Forex Market.
By taking advantage of this option, I am able to enter my trades with less anxiety and never experience FOMO when I have pending orders set hours and days in advance.
Here are 5 Types of orders you should know:
1. Market Execution: Buying or Selling at the current price in the direction you expect the market to go. Adjust your TP and SL accordingly.
2. Buy Limit: The entry point is set BELOW the current market, but the price is still expected to rise and continue buying.
3. Buy Stop: The entry point is set ABOVE the current market, but the price is still expected to rise and continue buying.
4. Sell Limit: The entry point is set ABOVE the current market, but the price is still expected to fall and continue selling.
4. Sell Stop: The entry point is set BELOW the current market, but the price is still expected to fall and continue selling.
I hope this helps someone!
- Peace and Profits, Cha