Forex Trade: The Type of Orders You Can Place

Before you venture out in the forex markets it will do you good to learn a method that yields instant profits. The Forex profit accelerator course of Mr. Bill Poulos can reveal the intricacies of the forex market and teach you how to place orders that will make your profit run.

The Forex profit accelerator course will also teach you the type of orders and how to use them to your advantage. Here is a general preview of the various types of orders that you can use.
Marker Order: This order you use to directly enter or exit the market at a given point and time at the quoted price. You can buy a currency pair at the ask price or sell it at the bid price.
Limit Order: This order is used to buy or sell at a price of your choice. A buy limit order is placed at a price lower than the existing price and will be filled only if the price falls below to that level. A sell limit order is the opposite and will be filled only when the price of the pair rises to the limit price you have indicated.
Stop Order: this type of order is used to buy or sell at a predetermined price. A buy stop order will be activated if the market trades at or above the stop price. Conversely, a sell buy order will be activated when the market trades at or below the predetermined stop price.

Forex trading is not limited to knowing the types of orders that you can use, there is a lot more to it and it is quite a tricky job to trade forex. You can learn more about how to initiate profitable trades from the Forex profit accelerator course offered by Bill Poulos.