Understanding how to place trades properly is one of the most important foundations of trading. It’s not just about entering the market. It’s about choosing the right order type for the right situation.
In this guide, we’ll walk through the three essential order types: Market, Limit, and Stop and explain when and why to use each of them.
Opening the Trading Panel
To place a trade, click on “Trade” to open the trading panel.
You’ll see three key elements:
- Instrument – what you’re trading
- Position size – how big your trade is
- Order type – how your trade will be executed
Mastering these three components gives you full control over your execution.
Market Order = Instant Execution
A Market order executes immediately at the current market price.
This type of order prioritizes speed over precision. You don’t control the exact entry price. You enter the market instantly.
Use Market orders when timing matters and you need to react quickly.
Limit Order = Precision
A Limit order allows you to set the exact price at which you want to enter the market.
Your trade will only execute if the price reaches that level.
This is ideal when you want discipline and precise entries rather than chasing the market.
Stop & Stop Loss = Risk Management
A Stop order, especially a Stop Loss, is designed to protect your capital.
It automatically closes your position if the market moves against you beyond a defined level.
Professional trading is about controlling downside risk, not entries. Always consider setting a stop-loss when opening a trade.
One-Click Trading
For experienced traders, one-click trading enables faster execution.
But remember – once you click, the order executes instantly. There’s no confirmation window. Speed comes with responsibility.
These are the core mechanics behind placing trades effectively. Understanding them gives you more control, better discipline, and stronger risk management.
🎬 Watch the full video now to see each order type placed step by step directly inside the platform. Seeing it in action will make everything click instantly.
