How to Place a Pending Indices Trading Order in MetaTrader 4 Android App
There are different types of stock indices orders which a indices trader can use to trade in Indices.
Traders should learn and understand about all the various stock indices orders so as make use of the correct indices trading order for its correct purpose. The most important things to remember about is this: Always understand the stock indices orders you place when indices trading.Never place a stock indices order which you are not entirely knowledgeable about. Given below are the basic definitions of the commonly used types of stock indices orders:
Types of Indices Trading Market Orders and Types of Pending Indices Trading Orders
Indices Trading Market Order
This is the most basic type of stock indices order, market order is used to buy or sell at the current ask or bid indices trading quote indices price. This refers to the quoted stock indexes price that appears on your indices trading platform.
This type of stock indexes trading order is used for buying or selling according to the present exchange rate quotation in Indices Trading Market, the execution is instant. The minute you want to enter a position you can buy and sell indices at a click of a button using a stock indices market order.
Indices Trading Entry Indices Trading Orders
These are stock indices orders used to open a new trade position after the stock indexes trading market reaches a indices price specified by the indices trader.
Entry orders are used to buy or sell indices when it attains a certain stock indexes price target.
When a specific stock indexes price level is reached or broken then a indices entry order is executed.
These Indices Trading Entry Indices Trading Orders are used to enter a indices trade at a specified stock indexes price level. It is almost impossible to monitor the stock indexes trading market every second and this is why a indices entry order can be handy. If you feel the stock indexes trading market may take a certain action, such as break through a particular stock indexes price level that it has been touching but it has not been able to break, you would want to use a Indices Trading Entry Limit Indices Trading Order. Once the stock indexes trading market crosses your specified level, your entry limit indices trade order is executed.
There are two types of entry orders - limit indices trading order and stop entry order.
These entry orders are also known as pending stock indices orders.
Indices Trading Entry Limit Indices Trading Order
An order to buy or sell at a certain limit.
An entry limit indices trading order can be used to buy below the current stock indexes price or sell above the current stock indexes price.
When buying, indices entry limit is executed when the stock indexes price falls to your limit level.
When selling, indices entry limit is executed when the stock indexes price rises to your limit level.
These Indices Trading Entry Limit Indices Trading Orders are placed by indices traders when they expect the stock indexes trading market to bounce back after reaching the stock indexes price level at which the indices entry limit was placed.
- Buy Limit Indices Trading Order
Specifies to buy at a level below the current stock indices market indices price
- Indices Trading Sell Limit Indices Trading Order
Specifies to sell at a level above the current stock indices market indices price
Indices Trading Entry Stop Indices Order
A indices entry stop order to buy above the current stock indexes price or to sell below the current stock indexes price.
When buying, indices entry stop order is executed as the stock indexes trading market goes up and hits the buy stop level.
When selling, indices entry stop order is executed as the stock indexes trading market goes down and hits the sell stop level.
- Indices Trading Buy Stop Indices Trading Order
Specifies to buy at a level above the current stock indices market indices price.
- Indices Trading Sell Stop Indices Trading Order
Specifies to sell at a level below the current stock indices market indices price.
