Forex order types cheat sheet.
A market order fills now at the current price. A limit order waits for a better price: a buy limit below the market, a sell limit above it. A stop order waits for a worse price: a buy stop above, a sell stop below. Buy orders trigger on the ask, sell orders on the bid.
Nội dung này hiện chỉ có bản tiếng Anh.
Here is every common order type with the price that must move before it fills, as a companion to the order types lesson.
Every order type in one table
| Order | Place it | Triggers when | Fills at |
|---|---|---|---|
| Market buy | No price | At once | Best ask, can slip |
| Market sell | No price | At once | Best bid, can slip |
| Buy limit | Below the ask | Ask falls to it | Your price or better |
| Sell limit | Above the bid | Bid rises to it | Your price or better |
| Buy stop | Above the ask | Ask rises to it | Next price, can slip |
| Sell stop | Below the bid | Bid falls to it | Next price, can slip |
| Stop limit | Stop and limit price | Stop price is hit | Limit or better, or none |
| Stop loss | Losing side of entry | Bid (long) or ask (short) hits it | Next price, can slip |
| Take profit | Winning side of entry | Bid (long) or ask (short) hits it | Your level or better, usually |
| Trailing stop | Set distance behind price | Price turns back that far | As a stop loss |
A limit order waits for a better price than now, and a stop order for a worse one. Both are pending orders, unlike a market order, which fills at once.
Where each pending order sits around the price
Say EUR/USD shows a bid of 1.10000 and an ask of 1.10010, a 1 pip spread. These prices are illustrative.
- Buy stop at 1.10300: the ask rises 29 pips, from 1.10010.
- Sell limit at 1.10300: the bid rises 30 pips, from 1.10000.
- Buy limit at 1.09700: the ask falls 31 pips, from 1.10010.
- Sell stop at 1.09700: the bid falls 30 pips, from 1.10000.
Most platforms reject a pending order placed on the wrong side of the current price.
Bid or ask: which price fills your order?
Buy orders trigger on the ask and sell orders on the bid. That includes exits, since closing a long is a sell and closing a short is a buy.
Most charts plot the bid, including MetaTrader's default view. If the bid falls to 1.09700 with the ask at 1.09710, a sell stop at 1.09700 fills but a buy limit there still waits.
A short's stop loss watches the ask, so a spread that widens around news can trigger it before the chart line touches the level.
A full trade with entry, stop loss and take profit
You place a buy stop for 0.10 lot of EUR/USD at 1.10300, with a stop loss and a take profit.
- Pip value: 0.10 lot is 10,000 euros, and 10,000 × 0.0001 = $1.
- The ask rises to 1.10300 and the buy stop fills.
- The stop loss at 1.10100 triggers on the bid: 1.10300 minus 1.10100 = 20 pips, a $20 loss.
- The take profit at 1.10700 also triggers on the bid: 1.10700 minus 1.10300 = 40 pips, a $40 gain.
A triggered stop loss becomes a market order, so a fast drop could fill it at 1.10080: 22 pips, or $22. The pip value calculator does other pairs and sizes.
A trailing stop trails price by a fixed distance. With a 20 pip trail, a bid of 1.10500 pulls it to 1.10300, your entry. It never moves back.
Expiry, stop limits and linked orders
A pending order can be good till cancelled (GTC), staying until it fills or you delete it. It can also be a day order, ending with the trading day, or good till date (GTD), ending at a time you choose.
A stop limit places a limit order at a second price once the stop price is hit. It never fills worse than that limit, but a fast move can skip it entirely. MetaTrader 5 offers it; MetaTrader 4 does not.
One cancels the other (OCO) links two orders, such as a buy stop above a range and a sell stop below it. When one fills, the other is deleted. MetaTrader 4 and 5 have no built-in OCO type.
When an order fills differently from the plan
Forex pauses at the weekend, and the new week can open away from the old close. A sell stop at 1.09700 with the bid reopening at 1.09500 fills near 1.09500, 20 pips worse.
A buy limit at 1.09700 in that gap fills at your price or better.
Fast news can do the same. The difference between the price you asked for and the one you got is slippage, and it can go either way.
On instant execution accounts, the broker may answer a market order with a requote, a new price you can refuse. Test each order type on a demo account first.
Câu hỏi thường gặp
What is the difference between a buy limit and a buy stop?
A buy limit sits below the ask and fills if price falls to it. A buy stop sits above the ask and fills if price rises to it.
Why did my buy limit not fill when the chart touched my price?
Charts usually show the bid, and a buy limit fills on the ask, which is higher by the spread.
Is a stop loss guaranteed to fill at my price?
No. It becomes a market order and can fill worse in a gap or fast market. Some providers sell a guaranteed stop for an extra charge.
Does a trailing stop work when my platform is closed?
In MetaTrader, no, because it runs in your terminal. The last stop level it set stays on the server.
Học tiếp
Chương 2How does a forex trade make or lose money?A forex trade makes money when the pair moves in your direction by more than the trade costs, and loses when it moves against you. A buy gains as the price rises and a sell gains as it falls. Profit is the price change times trade size, less commission and swap.
Chương 2When do you buy or sell a currency pair?You buy a currency pair when you expect the first currency, the base, to strengthen against the second, and you sell when you expect it to weaken. If your view is about one currency, find which side of the pair it sits on: a weaker quote currency pushes the pair up, so you buy.
Chương 2Pip trong forex là gì?Pip là bước giá chuẩn trader dùng để đo biến động giá. Với đa số cặp tiền, pip là 0.0001, tức chữ số thập phân thứ tư, còn với các cặp yết giá bằng yên Nhật, pip là 0.01. Pipette bằng một phần mười pip. Với một lot chuẩn EUR/USD, mỗi pip trị giá $10.
Chương 2Lot trong forex là gì?Lot là đơn vị dùng để đặt khối lượng một lệnh forex. Một lot chuẩn là 100,000 đơn vị đồng tiền cơ sở, lot mini là 10,000 và lot micro là 1,000. Với EUR/USD, mỗi pip tương ứng trị giá $10, $1 và $0.10. Các sản phẩm khác, như vàng, dùng kích thước hợp đồng riêng.
Chương 2Spread trong forex là gì?Spread là khoảng chênh giữa giá bid bạn bán ra và giá ask bạn mua vào. Bạn trả nó ở mọi lệnh, ngay lúc mở lệnh. Với EUR/USD, spread thường chỉ một hai pip hoặc thấp hơn, và giãn rộng quanh giờ chuyển ngày, lúc mở cửa đầu tuần và khi có tin lớn.
Chương 2Giá bid và giá ask trong forex là gì?Mỗi báo giá forex có hai mức giá. Bid là giá bạn bán được, còn ask là giá cao hơn mà bạn mua được. Khoảng chênh giữa hai giá là spread. Bạn mua ở giá ask và đóng lệnh ở giá bid, nên lệnh nào vừa mở cũng âm một khoảng đúng bằng spread.
Chương 2Forex terms you will hear every day.The everyday words of forex describe what a trade is doing and what it costs. Long means you bought, short means you sold. A pip is the standard price step, a lot is the trade size, the spread is the gap between bid and ask, and margin is the deposit your broker holds while a trade is open.
Chương 2What types of orders can you place in forex?A market order buys or sells straight away at the current price. A pending order waits for a price you choose: a limit order waits for a better price, and a stop order joins a move once price breaks a level. Stop loss and take profit orders close an open trade at prices you set in advance.
Chương 2What is a forex demo account, and how should you use it?A forex demo account is a practice account funded with virtual money. You trade on the broker's platform with live or near-live prices, so you can learn orders, stops and margin without risking your own cash. Set it up with the balance and leverage you would really use, and expect live fills and feelings to differ.
Chương 2Can you get rich trading forex?A few people make large sums trading forex, but the loss figures that EU and UK brokers must publish show that most retail CFD accounts at those brokers lose money. Getting rich would need a large starting balance and years of steady returns. Small accounts chasing big targets usually take risks large enough to wipe them out.
Chương 2Tóm tắt forex cơ bản: cặp tiền, pip, lot, đòn bẩy và margin.Bảng tóm tắt này gói chương forex cơ bản vào một trang. Mỗi khái niệm có một đoạn tóm tắt ngắn, công thức và link tới bài đầy đủ. Các bảng tra nhanh giúp bạn kiểm tra kích thước pip, giá trị pip, kích thước hợp đồng và margin trước khi đặt lệnh, và một lệnh mẫu nối tất cả lại với nhau.
