Types of orders: Client's terminal provides facilities for preparing and issuing orders for a broker to conduct trading transaction. In addition, terminal allows you to control and manage open positions. Several types of trading orders are used for this purpose. Order is a client's instruction to a brokerage agency to conduct a trading transaction. There are following orders in the terminal: market order, pending order, stop loss, take profit order. Market order Market order - is an order to a brokerage to buy or sell a financial instrument at the existing price. Execution of such order leads to opening of a trading position. Purchase is carried out at Ask price (price of demand) and selling at a Bid price (price of the offer). Stop loss and take profit orders can be referred to as a market order. (These orders are described below). Mode of execution of market orders depends on the financial instrument. Pending order Pending order is an instruction to a brokerage agency to buy or sell a financial instrument in the future at a specified price. This order is used to open trading positions subject to equity of future quotes to the established level. There are four types of pending orders. Buy Limit - buy if future Ask price equals to the established value; while current level of prices is higher than the value of the order. Such orders are made bearing in mind that after dropping to a certain level the price for the instrument will eventually begin to rise; Buy Stop - buy if future Ask price equals the established value; while current level of prices is less than the value of the order. This order is placed bearing in mind that instrument price will exceed a certain level and continue to grow; Sell Limit - sell if future "Bid" price equals to the established value. At the same time current level of prices is less than the value specified in the order. Usually such orders are placed with the expectation that instrument price will start to decline after reaching a certain level; Sell Stop -