The term “Order” refers to how you will enter or exit a trade. There are many different types of Orders that can be placed into the market. You can execute a trade at current price, create a conditional order to execute a trade when the rate hits a certain price above/below the current price or even create advanced orders.

  • Market 

  • Limit (Sell Limit,Buy Limit)

  • Stop (Sell Stop,Buy Stop)

  • Stop Loss

  • Take Proft

MARKET

A Market Order is when a client wishes to open any position at the current market price offered by Royal Trading. You will be trading on the current “live” price.

Example – Market Order

For a 1,000 EUR/USD Trade, your trading platform is offering a Bid Price of 1.32120 and an Ask Price of 1.32130. You would like to Buy EUR/USD at the Ask Price of 1.32130. When you go to your platform and click on the Ask Price, your Order will be instantly executed at the Market price of 1.32130.

Limit

A Limit Order is a request to trade an instrument at a predefined rate as the price of an asset moves favourably for the client’s position. It is placed at a rate which is more favourable than the current market price.

Example – Entry Limit Order

For a 1,000 EUR/USD Trade, your trading platform is offering a Bid Price of 1.32130 and an Ask Price of 1.32140. You believe the EUR/USD market will fall before rising back up, and you would like to Buy EUR/USD when the Ask Price reaches a rate of 1.31960. You can set an Entry Limit Order on your trading platform at 1.31960 that will open a new position to Buy 1,000 EUR/USD when the market reaches 1.31960 on the Ask Price.

Entry Stop

An Entry Stop  is an Order to open a trade at a predefined rate as the price of an asset moves favourably for the client. Royal Trading does not guarantee its Stop Losses or Entry Stops. If there is a sharp market move, and the current price of an instrument breaks through the clients S/L or E/S, you will get executed at the next available price.

Stop Loss

Stop Loss (SL) is an Order to close a position at a predefined rate as the price of an asset moves unfavourably for the client’s position. It is placed at a rate which is less favourable than the current market price

Take Profit

The Order is placed on an open position and can be described as a profit taking Order