Forex Trade Orders

Limit Orders
Use limit orders to automatically open Forex positions by buying the currency cross when the price falls to the price level you specify. Limit orders are also used for closing positions by selling the Forex cross when the price rises to a level you specify. 'Day Orders' are available for intra-day trading and 'Good until Cancelled' orders can be used for longer-term strategies. Please note that placing Contingent Orders may not limit your losses to the intended amounts.

Stop Orders
Stop orders are available to limit losses to protect your investments against adverse market moves. Stop losses should always be placed along with Forex positions for disciplined trading, to avoid excessive losses, however, some slippage may occur. We also offer Stop if Bid orders (triggered on the buy price) and Stop if Offer orders (triggered on the sell price) that can avoid positions being stopped out due to poor liquidity that can cause spreads to widen for short durations. Please note that placing Contingent Orders may not limit your losses to the intended amounts.

Market Orders
Forex market orders are used to trade as soon as possible at the best price obtainable on the market. Spot Forex is normally used to trade Forex directly but under extreme market conditions, securing a price for Spot Forex may not be possible and market orders can be used instead. Please note that placing Contingent Orders may not limit your losses to the intended amounts.

Related Trade Orders
Use related trade orders to link orders together to create more complex trading strategies. If Done orders (also known as slave orders) are typically used to open a position with one order; a secondary order is only activated to close the position if the first order is executed. One Cancels Other orders are often used to place both a stop loss and a profit taking (limit) order around a position - the first of the orders to execute automatically cancels the redundant order. Please note that placing Contingent Orders may not limit your losses to the intended amounts.

*Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Forex trading involves substantial risk of loss and is not suitable for all investors.