Market Order- Placed at market price
Limit Order- Entry or exit order placed above or below market
Stop Order- Entry or exit order placed above or below market.
Rules for Placing Forward Orders:
above current price:
BAS: Buy Above is a Stop Order
SAL: Sell Above is a Limit Order
below current price:
BBL: Buy Below is a Limit Order
SBS: Sell Below is a Stop Order
*YOU need to know this prior to trading Forex- always use a entry, stop and target order when entering any new trades. Risk management.