Understanding Order Types And Leverage For Cfd Forex Trading Youtube

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Understanding Order Types and Leverage for CFD & Forex Trading

Learn a variety of order types, each with some unique characteristics. Some order types, like take profit and stop loss can be combined, it is important that you understand how to choose the best order types for your trading strategy.
A limit order is an order to buy or sell, but only when certain conditions included in the original trade instructions are fulfilled. Until these conditions are met it is a pending order and does not affect your account totals or margin calculation.

The most common use is to create an order that is executed automatically if the price level reaches a certain level. When the conditions of a limit order to buy, or sell are met the order is automatically executed.

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