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Entering Forex Orders

Once you have developed the confidence to become a forex trader after doing your homework in researching the forex market, developing a trade plan and then trading it in a demo account for some time, you will next need to take the plunge and start trading.

Naturally, the first step in doing so will be to open a live forex account with a reputable forex broker and fund it. Next, you will need to know how entering forex orders works.

The main types of orders used in the forex market are:

Market Orders
A market order is an order to buy or sell a currency pair

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