Fix Orders. Part 1. Order Types

Brief

The article describes the statuses of fix orders.

Details

Fix Orders Types

Orders are divided into immediate and conditional. The difference is that immediate orders are executed immediately upon the trader's request, while conditional orders are executed only when the market satisfies certain criteria set by the trader.

There are Margin Call and Equity Stop orders. These orders are created automatically by the trading system upon a particular event and are used for liquidation of all open positions in the account.