A market order is an instruction to buy or sell a currency pair immediately at the best available current price. Market orders guarantee execution but not the price, especially in volatile markets.
Placing a market order to buy EUR/USD will execute immediately at the current ask price, which might be 1.1052 if that's the best available price.
A limit order is an instruction to buy or sell a currency pair at a specific price or better. Buy li...
A stop order becomes a market order when the stop price is reached. Buy stops are placed above curre...
Slippage occurs when your order is executed at a different price than expected, usually during high ...
