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Order Types

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…

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 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 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 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 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…

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…

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 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 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 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 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…