Open Trade

Trade Type and whether it is long (buy) or short (sell)

1. Market: To be used to open a trade immediately. It will open at the market price (+ spread).

2. Limit: To be used when you want to go long at a lower price than present, or to go short if the price reaches a higher price than present. Executes at exact price set if price reaches threshold + spread.

3. Stop: To be used when you want to go long if the price reaches a higher price than present, or to go short if the price reaches a lower price than present. You might want to use this to long a breakout, or short a breakdown. The execution price is the current market price + spread.