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Order Types

What Types of Orders Do We Have?

When trading with an FXCM Trading Station account, you have many order options available to you: Market Range: When your strategy is sensitive to…

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 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 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 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…

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…

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

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…

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…

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 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 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 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 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…