Order Types ~ forex paper trading app
Order Types
Buy Market
Attempt to buy at the best available Ask price.
Buy Limit
Attempt to buy at the price you specify or better. This type of order should be placed below the current Ask price.
Buy Stop
Attempt to buy at the price you specify. Once the Ask price touches or goes through this buy stop order, it becomes a market order and filled at the best available price. This type of order should be placed above the current Ask price.
Sell Market
Attempt to sell at the best available Bid price.
Sell Limit
Attempt to sell at the price you specify or better. This type of order should be placed above the current Bid price.
Sell Stop
Attempt to sell at the price you specify. Once the Bid price touches or goes through this sell stop order, it becomes a market order and filled at the best available Bid price. This type of order should be placed below the current Bid price
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