Market Orders in Gold - Market Execution Explained

There are different types of xauusd orders which a trader can use to trade in XAUUSD.

Basic definitions of the commonly used types of gold trade orders:

Types of XAUUSD Market Orders and Gold Pending Orders

Market Execution XAUUSD Trading Order

Market Execution Order - This is the most basic type of xauusd order, market execution order is used to buy or sell at the current ask or bid xauusd quote gold price. Market Execution Order refers to a xauusd order executed at the quoted gold price which pops up on your gold trading software.

This type of xauusd order - market execution order - is used for buying or selling according to present exchange rate quotation in xauusd market & the execution is instant. The minute you want to enter a xauusd trade position you can buy & sell the gold at a click of a button key using a market order - Market Execution Order.

Trading Gold Set Market Execution Order in MetaTrader 4 XAUUSD Trading Software

How to Set Market Execution Order on MetaTrader 4

How to Set New Order on Tools Menu on MT4

To set new Market Execution Order to buy or sell a trade can be found on the MT4 tools menu that is found in the MetaTrader 4 Platform. Button key for placing a new xauusd trade order is shown below. (Short-Cut Key board Keys "F9")

How to Set New Market Execution Order - in Tools Menu on MT4

Placing a New Market Execution XAUUSD Trading Order

As a xauusd trader, once you select the new order button as illustrated above the following popup window will appear. This pop-up includes the settings for opening a new trade - Market Execution Order.

Placing a New Gold Order - Market Execution Order - How to Place Gold Orders in MetaTrader 4