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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 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 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,…

Contingent Order Information

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…

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…

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 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 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 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 are the order types?

When trading with a 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…