Order types

The term “Order” refers to how you will enter or exit a trade. There are many different types of orders that can be placed in the market. You can choose to execute a trade at the current market price. Alternatively, you can create a conditional order to execute a trade at a future market price, above or below the current market rate.

Market Orders

Order to immediately open a buy or sell position at the current market rate.

Limit and Stop Orders

The order will go to the market and the position will open if the predefined price is reached.

Entry Orders

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One Cancels the Other Order

Two orders combined; When one is triggered the other order will be cancelled automatically.

This section will help you understand the various orders used on the FairLaneAct and MetaTrader platforms.

Understanding its meaning and proper use is a key element of the transaction.