Market Order

Marker order is the buy or sell order placed at the instant market price. It is an order type that is executed at the moment the order is placed. The customer who places a market order buys or sells the instrument chosen according to the instant price.

Stop Loss

In sales, the trader inputs a specified price level above the price entered in the trade and Stop Loss order ensures that the position is closed automatically when the price reaches that level (stop loss level). In purchases, the price level determined below the current price is entered and the position is closed automatically when the price reaches the determined level.
Stop Loss order is a type of order that allows the trader to specify the level of loss that can be incurred and to prevent further loss. It can be used for both buy and sell orders.

Take Profit

In purchases, the trader inputs a level above the price entered in the trade and Take Profit order ensures that the position is closed automatically when the market price reaches that level (take profit level). In sales, on the other hand, the price determined below the current price is entered and the position is closed automatically when the price reaches that level.
The TP order is a forward-looking close order and the function of this order type is closing the position with profit. TP order is placed with the prediction that the market price will not rise further and it helps the trader to close the transaction at the point where the target profit is reached.

Buy Stop

It is an order type that is used to enter a buy order at a price above the current market price. Although it does not seem logical to buy instruments athigher prices, the trader uses Buy Stop, expecting that the price will rise faster when it breaks the pre-set level. Breakouts may be closely

Sell Stop

It is an order type that is used to enter a sell order at a price below the current market price. It does does not seem logical to sell at a lower price, yet the trader uses Sell Stop order when he expects the price to drop rapidly when it breaks a certain level.

Limit Orders

Limit orders are orders that automatically open a position when the market price reaches the optimum level determined by the trader.

Buy Limit

The trader, who has the expectation that the market price will reach a lower level than the current level, can place a buy limit order at the price level he has set and perform automatic transactions when the price reaches the desired level. These types of orders are called Buy Limit orders. Buy Limit orders are placed only for long positions.

Sell Limit

Believing that the market price will rise to a higher level than the current level, the trader can perform automatic transactions when the price reaches the desired level by placing a sell limit order at the price level he has previously set. These types of orders are called Sell Limit orders and they are placed only for short positions.