Entry order

Entry order
It is an order which is used for entering a deal at acertain cost level. If the pair of currency never reaches that cost level the order entry is not performed. Generally, there are three kinds of entry order. The first one is known as market order. It permits the dealer to sell or buy atanexisting cost. The limit order is defined as the order to purchase under the existing market cost or to sell over the existing cost. It is used when a dealer thinks that the cost action reverses over hitting the specific level. The third is known as stop order. This is generally utilizes when the dealer thinks that the cost action will continue while reaching the specific level of cost.