Order Types & Execution

Market, limit, stop, stop loss, take profit and trailing stops.

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1. 00:00Order Types & Execution. Market, limit, stop, stop loss, take profit and trailing stops.
2. 00:05Market order — execute immediately at the current price.
3. 00:10Buy limit — buy below current price (expecting a pullback).
4. 00:15Sell limit — sell above current price.
5. 00:20Buy stop / sell stop — enter on a breakout beyond current price.
6. 00:25Stop loss — protective exit that caps the loss on a trade.
7. 00:30Take profit — automatic exit at the target.
8. 00:35Trailing stop — stop that follows price by a fixed distance.
9. 00:40Costs: the spread (difference between bid and ask), commission on raw-spread accounts, and swap/rollover interest charged or paid when a position is held past the daily rollover.
10. 00:50Note: Slippage happens when the fill price differs from the requested price — common around news releases and on market opens.

• Market order — execute immediately at the current price.
• Buy limit — buy below current price (expecting a pullback).
• Sell limit — sell above current price.
• Buy stop / sell stop — enter on a breakout beyond current price.
• Stop loss — protective exit that caps the loss on a trade.
• Take profit — automatic exit at the target.
• Trailing stop — stop that follows price by a fixed distance.

Costs: the spread (difference between bid and ask), commission on raw-spread accounts, and swap/rollover interest charged or paid when a position is held past the daily rollover.