The term “Order” refers to how you will enter or exit a trade. There are many different types of orders that can be placed in the market. You can choose to execute a trade at the current market price. Alternatively, you can create a conditional order to execute a trade at a future market price, above or below the current market rate.
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Limit and Stop Orders
The order will go to the market and the position will open if the predefined price is reached.
One Cancels the Other Order
Two orders combined; When one is triggered the other order will be cancelled automatically.
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