The standardised trading order types in Forex are instant execution market orders and pending orders: Buy Stop, Sell Stop, Buy Limit, Sell Limit, Stop Loss and Take Profit. Pending stop or limit orders, which come in the form of entries, are also called pendingstop entry order or pending s...
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A buy stop order instructs a broker topurchase a securitywhen it reaches a pre-specified price. Once the price hits that level, the buy stop becomes either a limit or amarket order, fillable at the next available price. This type ofstop ordercan apply to stocks, derivatives, forex or a...