What is an Entry Order
What is an Entry Order? is one type of order that allows you to get prices according to orders.For example the rate of the price of EUR / USD 1.11423 and you want to open forex trading with the Open position Buy EUR / USD with Entry Price 1.11459 then your trading position will not be executed before the price rate touches the price you want.
When we use this type of order we can also directly apply the Stop Loss and Take Profit (Limit) methods to apply risk management by setting the value of the Stop at what rate and the amount of the Limit value to take profit on what rate.
This Entry Order method can be used if you believe that the price will pass the support or resistance lines or according to your predictions. And by using this method we don’t need to bother to constantly look at the monitor screen.
How, still curious? if you are still curious about how this method works, please practice or try using a DEMO account before using a REAL account .