EDUCATION

FOREX MARKET BENEFITS

Largest market in the world

24/5 trading

Different trading strategies

Extensive opportunity

DIFFERENT ORDER TYPES

Market order

A market order is placed ‘at the market’ and it’s executed immediately at the best available current price for the given Symbol.

Pending order

A pending order is the trader's instruction provided in the trading platform to buy or sell a security in future under pre-determined conditions.

Types of pending orders

Buy Limit — a trade request to buy at the Ask price that is equal to or less than that specified in the order.
Buy Stop — a trade order to buy at the "Ask" price equal to or greater than the one specified in the order.
Sell Limit — a trade order to sell at the "Bid" price equal to or greater than the one specified in the order.
Sell Stop — a trade order to sell at the "Bid" price equal to or less than the one specified in the order.
Buy Stop Limit — this type is the combination of the first two types, being a stop order to place a Buy Limit order.
Sell Stop Limit — this order is a stop order to place a Sell Limit order.




THE KEY TERMS USED IN TRADING:

Symbol

The name of the financial instrument

Bid

Selling price

Ask

Buying price

Volume

The quantity of an order in lots

Open Time

The time at which the trade got opened

Close Time

The time at which the trade got closed

Bank

The instrument liquidity provider

Login

Trading account number

Balance

Current trading account balance

Equity

Current trading value of the account

Profit

Current profit value

Margin

The money in a trading account that is used for trading

Free margin

The money in a trading account that is available for trading

Positions

A list of all open orders in the account