Order Types

What is a Trailing Stop and how do I place it?

A trailing stop is a stop that adjusts to a more favorable rate as the trade moves in a trader's favor. The amount the stop moves depends on the type…

What is a Market Range order?

A Market Range order allows you determine a range of prices in pips where your order can execute. If your order can execute at a price within your range (…

What is the difference between Complex and Simple OCO orders?

Simple OCO orders allow you to link up two entry orders on the same currency pair. Complex OCO orders allow you to link up two entry orders on…

What is a Simple OCO Order?

A Simple OCO order allows you to create two 'linked' entry orders in the same currency pair. To create a Simple OCO order, simply follow…

How do I place an Entry order on Trading Station?

You can place an Entry order with the following steps: Right click on the currency you wish to trade from the Advanced/Simple Dealing Rates windowClick…

What is a complex OCO order?

A Complex OCO order allows you to manually 'link' together two or more orders from different currency pairs. You can create a Complex OCO order…

What is an "At Market" order?

An "At Market" order is an order type that provides execution certainty. This is because you are not limiting the order to specific prices.…

What is an Open Market order and how do I place it?

This an order placed to enter a trade at the current market rate. To place an Open Market order in Trading Station, please follow the steps below: From…

What is a Stop order and how do I place it?

Your strategy may require you to cut losses at a certain point. Stop orders execute similarly to Stop entry orders, but get you out of the market rather…

What is a Limit order and how do I place it?

Your strategy may require you to take profits at a certain point. Limit orders execute similarly to Limit entry orders, but get you out of the market,…

What is a Limit Entry order and how do I place it?

A limit entry order is an order used to buy below the current market price with a long trade or sell above the current market price with a short trade. To…

What is a Close Market order and how do I place it?

A close market order is an order placed to close an open trade at the current market rate.  To place an Close Market order in Trading Station, please…

How do I place stop or limit orders in Trading Station?

Stop and limit orders are placed from the "Open Positions" window based on the total amount of positions per symbol. To place a stop or limit…

Contingent Order Information

What is a Contingent Order type? Users are also allowed to place their own contingency order type. This is an order that is in some way linked and ‘…

What is a Contingent Order ?

Users are also allowed to place their own contingency order type. This is an order that is in some way linked and ‘contingent’ on the…

What are the order types?

When trading with an FXCM Trading Station account, you have many order options available to you:  Market Orders: Enter the market…

How do I place a market order in Trading Station?

In the "Dealing Rates" window of the Trading Station, follow these easy steps: Click on "Buy" or "Sell" for the currency…

How can I use Limit and Limit Entry orders to help with my trading?

FXCM recommends opening and closing trades using limit and limit entry orders in most cases, which guarantees your requested price or better without…

What is Time-In-Force?

An order's time-in-force option determines the time frame in which the order would execute. There are four different time-in-force options you can…

What is an Open Range order and how do I place it?

This order functions exactly like an open market order with the added benefit of allowing traders to set an “acceptable” range at which they…

What is a Stop Entry order and how do I place it?

A stop entry order is an order to buy above the current market price with a long trade or sell below the current market price with a short trade. To place…

What is a Close Range order and how do I place it?

A Close Range order functions exactly like an Close Market order with the added benefit of allowing traders to set an “acceptable” range at…