Market Order Market orders are executed at the
best available price at the time the order is received.
Limit
Orders Limit orders rest on the server and are executed at the
order rate , then becomes a market order and is executed at the best
available price. Sell limit orders are triggered when the bid reaches the
requested rate; limit orders to buy are triggered on the
offer.
Stop Orders A stop order is an order to buy or
sell once a pre-defined price is reached. When the price is reached, the
stop order becomes a market order and is executed at the best available
price.
- Stop entry order- this is an
order placed to buy above the current price, or to sell below the
current price. These orders are useful if you believe the market is
heading in one direction and you have a target entry price.
- Stop loss order - this is an
order placed to sell below the current price (to close a long
position), or to buy above the current price (to close a short
position). Stop loss orders are an important risk management tool.
By setting stop loss orders against open positions you can limit
your potential downside if the market moves against you.
Remember that stop orders do not guarantee your execution price – a
stop order is triggered once the stop level is reached and will be executed
at the next available price. You can request tic data reports for a specific
period from our customer service team.