MT5 order types for beginners
Market, limit, stop, stop loss and take profit explained in simple trading language.
Market order
A market order enters immediately at the best available price. It is simple but can suffer slippage in fast markets.
Limit order
A limit order asks to buy lower or sell higher than current price. It is useful when you want a better price and can wait.
Stop order
A stop order becomes active after price reaches a trigger level. Traders often use it for breakout entries.
Stop loss and take profit
Stop loss exits when the trade goes against you. Take profit exits when price reaches your planned target.
Beginner rule
Before pressing buy or sell, know the order type, stop loss, target and position size. Platform skill is part of risk management.
Content is for reference only, not investment advice. Forex trading carries high risk.
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