Order
An instruction to transact on your behalf if a particular exchange rate or price is reached.
Related terms
Limit Order
An instruction to buy or sell at a specific target price or better. Unlike a market order, which executes immediately at the current price, a limit order only triggers when the market reaches the predefined level, giving more control over execution.
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An instruction to buy or sell immediately at the current market price. Market orders execute instantly but may not achieve the exact desired price due to market movement.
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An order that will be executed when a market moves to its designated price, normally associated with good-til-cancelled orders.
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Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
Read full definitionAt Best
An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
Read full definitionBroker
A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
Read full definitionBulls
Traders who expect prices to rise and who may be holding long positions.
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