Order Types
There are several Order types in the trading exercises that need to be given attention
| Market Order | Market Order is an order to open a buy or sell position at the best and reasonable current available price. |
| Pending Order | Pending Order is an order in buying and selling of instruments at a specified price. It only will take effect when the market reaches a specific price that is of interest to the trader. |
| Limit Order | When the market moves past a clients specified entry level a Limit Order is triggered. It provides the limit order price or a better price on your trade entry but it will never be a worst price. |
| Stop Loss | A conditional order set a fixed price level that is targeted at closing a position after a certain price has been reached is called a Stop Loss. It is triggered when the market moves in an unaccepted unfavorable direction for a trader. When a position is losing money stop loss prevents it. |
| Trailing Stop | Is a kind of Stop Loss Order that moves with the trader as the market price is unstable or is rising and falling. It is not a fixed price and is set in a distance of pips. The Trailing stop activates when the trailing stop level has been achieved. Trailing Stop is designed to realize the profits made by the trading positions. |
Disclaimer
Olikriet Capital is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Olikriet Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Olikriet Capital does not endorse or offer an opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and Olikriet Capital shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.
