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Instant Orders Vs Pending Orders

Uncategorized Sep 17, 2018

One of the first things you’ll need to learn about FX trading is the difference between instant orders and pending orders. You may need to initiate either of these types of order throughout your trading life, whether you’re trading independently or following Forex signals.

Instant Orders

Instant orders are Forex orders that are immediately opened. They can be either a buy or a sell for any currency pair and they are initiated based on the current ask or bid prices. An instant order is often initiated by those who are currently tracking and analyzing their currency pair, but it requires a very good sense of timing on behalf of the trader.

BUY STOP = Order placed ABOVE price and keeps going UP
BUY LIMIT = Order placed BELOW price and price then goes up
SELL STOP = Order placed BELOW price and price keeps going DOWN
SELL LIMIT = Order placed ABOVE price and then goes DOWN

With instant orders, it’s always a good idea to have a stop loss in place; there are even...

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Order Types

Uncategorized Sep 11, 2018

Market order

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 ask price of 1.2142.

You would click buy and your trading platform would instantly execute a buy order at that exact price.

If you ever shop on Amazon.com, it’s kinda like using their 1-Click ordering. You like the current price, you click once and it’s yours!

The only difference is you are buying or selling one currency against another currency.

 

Limit Entry Order

A limit entry is an order placed to either buy below the market or sell above the market at a certain price.

For example, EUR/USD is currently trading at 1.2050. You want to go short if the price reaches 1.2070.

You can either sit in front of your monitor and wait for it to hit 1.2070 (at which point you...

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Entrepreneur.com Feature

Uncategorized Sep 04, 2018

Ricky Andrade, 23 -- Founder and CEO, Market Masters Academy



This website is proudly featuring Andrade because of the immense impact he’s made in the Forex industry at such a young age. Market Masters Academy was founded to help people succeed in the Forex market, eradicating and minimizing losses, and trading anywhere from $200 to 6 figures on an international scale.

 

Market Masters Academy works to provide clear and concise knowledge for its students and securing a stellar win ratio in the Forex market. Andrade and his team continue to transform his students into highly profitable traders, scaling accounts and creating a matrix of successful forex entrepreneurs. In addition, Market Masters Academy provides an array of services such as On Point FX Signals, the exact copy and paste trades Ricky and his students use to yield profit, the Intense 7 Day Training, exclusive one on one mentorship, masterminds, and more.

 

Ricky Andrade is one of the youngest influencer...

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