Trade order

Trade order - an order to the broker to execute, close or modify a trade transaction upon occurrence of certain conditions.

The main types of trade orders:

— Ордер с рынка (market) - an order to immediately buy or sell at the current market price. The specific opening price of the deal is not specified, the broker makes the deal at the best available price. During high volatility market this order can result in significant losses due to the time delay between the opening request and the actual execution of the trade.

Note also that often, if the price at the time of receipt of a request to open an order from the market differs from the possible one, the broker separately notifies the trader about it, allowing him to choose whether to conduct such a deal.

— Order limit (limit) — приказ брокеру купить или продать по заранее указанной цене. Соответственно при продаже лимит ордер выставляется выше текущей цены, при покупке — ниже.

— Stop order (stop) — становится ордером market при достижении рынком определенного уровня цены, который заранее сообщается брокеру. При продаже стоп ордер выставляется ниже текущей цены, при покупке — выше.

Apart from them, there are also other types of orders, each of which performs a common function for all orders - to implement the trading strategy chosen and set by the trader in the most accurate way.