Place your order
You can place different kinds of orders:
Market orders: With a market order, you instruct your broker to execute your buy/sell at the current market rate.
Limit orders: These orders instruct your broker to execute a trade at a specific price. For instance, you can buy currency when it reaches a certain price or sell currency if it lowers to a particular price.
Stop orders: A stop order is a choice to buy currency above the current market price (in anticipation that its value will increase) or to sell currency below the current market price to cut your losses.
Market orders: With a market order, you instruct your broker to execute your buy/sell at the current market rate.
Limit orders: These orders instruct your broker to execute a trade at a specific price. For instance, you can buy currency when it reaches a certain price or sell currency if it lowers to a particular price.
Stop orders: A stop order is a choice to buy currency above the current market price (in anticipation that its value will increase) or to sell currency below the current market price to cut your losses.
For me I find pending orders very useful for getting me into trades in a relaxed and controlled manner. No rushing around at all.
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