In one lineSessions tell you when activity is happening. Order types tell the platform how you want to transact.
Sessions change market conditions
Forex moves through Sydney, Tokyo, London and New York. Major pairs often become more active when large financial centres are open together.
Three basic order ideas
MarketEnter near the current available price.
LimitRequest an entry at a better price than the current market.
StopTrigger an order after price reaches a defined level.
Order availability and exact execution rules vary by broker, so always understand the order you are sending.
Related toolForex Market HoursView market sessions →
Remember this
- Time of day affects liquidity.
- Order type affects execution.
- A broker can have specific order rules.
Educational content.
This lesson is provided for general educational and informational purposes and is not personal financial or investment advice.