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In the world of cryptocurrency, finance, and Forex trading, there are several order types that traders utilize to execute their trades.
market Order executes at the current market price. Buy Limit and Sell Limit orders allow traders to set a price limit for entry or exit. Buy Stop and Sell Stop orders are triggered when the market reaches a specified price. FXTM Trading Basics explains these concepts, emphasizing the importance of STOP and LIMIT ORDERS in managing risk and ensuring trades are executed as intended in the volatile Forex market.
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