Forex Order Types: Market vs Limit
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Quick Overview
Every trade begins with an order type. A market order executes immediately at the best available price, while a limit order triggers only at a pre-set, more favourable price.
Knowing when each applies—and their place in MT4’s order ticket—is pure mechanics, so teaching it remains “factual information” rather than financial advice under the FAIS Act. This 60-minute session walks through order-ticket fields step-by-step, with no signals or personal recommendations.
What You’ll Learn
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Placing a market order in MT4 – one-click buy/sell, how slippage can occur in fast markets.
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Creating a limit order – buy-limit vs sell-limit logic and why the requested price must be better than current price.
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Price-trigger hierarchy – where stop and stop-limit orders fit alongside market & limit types.
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Order-ticket safeguards – volume fields, maximum deviation and a quick server-ping check for execution speed. metatrader4.com
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FSCA risk context – how correct order selection can reduce margin-call probability outlined in local regulations.
Why It Matters
Selecting the right forex order type helps manage execution price certainty and aligns with the FSCA’s emphasis on transparent risk disclosure for leveraged products
Speaker
Brandon Lurie — professional trader, analyst and RE 5 candidate who specialises in platform setup and compliance-safe education
Extra Resources
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Investopedia – Market Order overview forex.com
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Investopedia – Limit Order explainer investopedia.com
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BabyPips – Types of Forex Orders lesson babypips.com
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FSCA Bulletin PDF – What constitutes advice vs factual info fsca.co.za
Disclaimer: This webinar provides general, factual information and does not constitute financial advice as defined in the FAIS Act. Margin trading carries risk. Always consult a licensed FSP before acting on factual data presented.