Limit Order, Stop, Market and How to Use It on Marketiva

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Here is a brief explanation of how to use this type of type of order / orders or Price Type that in Marketiva, and applies also in other places. Understanding the use of limit orders or order type, stop and market is essential in the business of forex / forex.
Okay, let's start discussing how to use Limit orders, Stop and Market.

If you want to open a position, you first need to create order entry. If the entry order is executed / implemented, the position will be open status and become active in the market. At the same time, you have to make an exit order to close or shut position. A position can be either a long position (entry and exit orders to purchase orders are to sell the relevant instrument) or short (sell entry and exit orders are orders to buy the instrument in question).

At the time of making an order, you need to determine whether the order will be executed at this time, or at a certain price you want. Well, here is the order type Limit, Stop, and the Market are used.

Market Order
Orders of this type is the default order and the most frequently used. If you use a Market order type, then your order will be executed on the spot, if at Marketiva will be held at the time you press the [OK]. Order will be executed at any price you get on the market, remember, price is the price you get when pressing the [OK], so there is a chance your order is not executed right at the first price you see, because in an instant currency prices can to change.

Limit Order
Enter the market using limit orders, meaning that you want to your order executed at a better price from your order, or at least right at the price of your order. Better prices here could mean: a) Order implemented at the lowest prices in the market for the long position, or b) Order implemented at the highest price for the short position. To order this type of limit, there is no guarantee that your order will be implemented, but if implemented then you will certainly get better prices than you ordered, or at least according to the price of your order. Generally Limit Order type is also used for EXIT TARGET, therefore do not be surprised if you get the Exit Target exceeded the number you specify, it does not matter because you will get more profit.

Stop Order
Stop order type you use when you want to order RIGHT executed at the price of your order. There is no guarantee that your order will be executed, but when executed it will be right at the price you specify. Generally Stop Order type is also used for Stop Loss, which is to limit your losses.

Variation Orders Market, Limit, and Stop and its application in Marketiva
From the above discussion, you can also take the following conclusion: If you want your order is executed on the spot, then use the type Market price, if you want to buy above the price running (current prices) use stop buy, if you want to sell below the sell stop price running use. If you want to buy below the limit buy price running to use, and if you want to sell at top price running then use the limit sell.

Similarly, a brief description of how to use Limit Orders, Stop Orders, and Market Order, may be useful. If there are less obvious, you can fill out the following comments on this article to your question.

P.S:

At Marketiva, you can specify the order types when creating a new order, in the window there is the Price Type Order, now you select the one you want, whether Limit, Stop, or Order.Harga Market also has a better understanding: In order to position Long, as you open the lid with the action of Buy and Sell, it will be better off if your order is executed at the lowest prices low (remember, you need to exit the market to sell it again after the price rise). For the short position, opened with actions Sell Buy and closed by the action, so you'll be better off if the opening was held on the highest high price (remember, you need to exit the market by the action Buy).