A pending order only executes once the market price reaches a level the trader specifies in advance.

A market order executes immediately at the best currently available price, prioritizing speed over an exact level.

Different types of forex orders give traders precise control over when and how a position opens or closes.

A forex order is an instruction sent to a broker to buy or sell a currency pair under specific conditions.

Slippage happens when a forex order executes at a different price than requested, usually caused by rapid price movement.

Forex execution is the process by which a broker fills a trader’s order, directly affecting real trading results.

A market maker broker takes the opposite side of client trades internally, creating its own market with often fixed spreads.

The STP broker model automatically routes trader orders directly to external liquidity providers without a dealing desk.

An ECN account routes forex orders through an Electronic Communication Network, matching traders with multiple liquidity providers.

A standard forex account bundles all broker cost into the spread rather than charging a separate commission per trade.