Order types: market, limit, stop
Order types
There are three ways to enter a trade.
Order types
- Market: enter now at the current price
- Limit: enter at a better price later
- Stop: enter when price breaks a level
A market order enters now. A limit order waits for a better price. A stop order enters when price breaks a level.
When
- Limit: buy support, sell resistance
- Stop: trade breakouts
- Market: when the setup is now
Use limits at support and resistance, stops for breakouts.
Learn it, then trade it with signals.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.