Order types

Orders are orders to carry out transactions that are sent through the trading platform to a broker or dealer. Here we will look at what types of orders exist and how they can be used.

Market orders

Buy

Sell

This is the most common among traders and is executed in an instant at the current price. You enter the market, buy or sell assets at the current price and exit the transaction when all conditions are met. At Eiler FX we process all your applications in real time without delay!

Pending orders

Buy Limit

Buy Stop

Sell Limit

Sell Stop

These orders are executed automatically at the time and price pre-set by the trader:

Buy Limit

Buying an asset at a lower price than the current one.

Buy Stop

Buying an asset at a higher price than the current one.

Sell Limit

Sale of an asset at a price higher than the current one.

Sell Stop

It exists in order to sell an asset at a lower price than the current one.

Stop Loss and Take Profit orders

They are the most popular among traders and are executed instantly at the current price. Having entered the market and at the same time fulfilling all the conditions, you buy or sell assets at current prices and exit the transaction. Thanks to Eiler FX, all your orders are executed without delay — instantly.

Take Profit
When the desired price is reached, it closes the position.

Stop Loss
Closes the position when the price falls to the level you specify, so as not to lose more funds than already lost on an unsuccessful transaction.

Take Profit
When the desired price is reached, it closes the position.

Stop Loss
Closes the position when the price falls to the level you specify, so as not to lose more funds than already lost on an unsuccessful transaction.