The term “order” refers to?
How you will enter or exit a trade
A market order is an order to?
buy or sell at the best available price
For example, the bid price for EUR/USD is currently at 1.2140 and the ask price is at 1.2142. If you wanted to buy EUR/USD at market, then it would be sold to you at the price of?
A limit entry is an order placed to either?
buy below the market or sell above the market at a certain price.
A stop entry order is an order placed to buy?
above the market or sell below the market at a certain price.
A stop loss order is a type of order linked to a trade for the purpose of?
preventing additional losses if the price goes against you.
A stop loss order remains in effect until?
the position is liquidated or you cancel the stop loss order.
A trailing stop is a type of stop loss order attached to a trade that?
moves as the price fluctuates.
With a trailing stop of 20 pips, if USD/JPY hits 90.40
then your stop would move to 90.60 (or lock in 20 pips profit).