Market, limit and stop orders
Market orders seek execution at available prices, limit orders constrain the execution price, and stop orders activate after a trigger. The choice determines which risks remain when a trade reaches the market.
Start with the language of orders, prices and exposure.
Market orders seek execution at available prices, limit orders constrain the execution price, and stop orders activate after a trigger. The choice determines which risks remain when a trade reaches the market.
A currency pair states the price of one currency in units of another.