A close market order is an order placed to close an open trade at the current market rate. To place an Close Market order in Trading Station, please follow the steps below: From the Summary tab right click the desired…
Stop and limit orders are placed from the "Open Positions" window based on the total amount of positions per symbol. To place a stop or limit order: From the "Open Positions" window, right click on the positions for the symbol…
FXCM recommends opening and closing trades using limit and limit entry orders in most cases, which guarantees your requested price or better without negative slippage. Remember that, although limit orders guarantee price, they do not guarantee execution. Order types are…
Simple OCO orders allow you to link up two entry orders on the same currency pair. Complex OCO orders allow you to link up two entry orders on different currency pairs.
A Complex OCO order allows you to manually 'link' together two or more orders from different currency pairs. You can create a Complex OCO order with the following steps: Create two or more Pending/Entry ordersRight click in the Orders window…
A Simple OCO order allows you to create two 'linked' entry orders in the same currency pair. To create a Simple OCO order, simply follow these instructions: Click on “Trading” -> “Orders” -> “Simple OCO”.Enter your parameters and select “OK” to enter…
You can place an Entry order with the following steps: Right click on the currency you wish to trade from the Advanced/Simple Dealing Rates windowClick “Create Entry Order”. Set up your trade in the “Create an Entry Order” windowClick “OK” to…
An "At Market" order is an order type that provides execution certainty. This is because you are not limiting the order to specific prices. Simply, you are requesting to enter the market at the best available price. To place an…
A Market Range order allows you determine a range of prices in pips where your order can execute. If your order can execute at a price within your range (based on available liquidity), it does; if not, it cancels. To…