Market Orders in Gold - Market Execution Explained

There are different types of xauusd orders which a xauusd 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 that appears on your gold trading software.

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

Trading Gold Set Market Execution Order on MT4 XAUUSD Trading Software

How to Set Market Execution Order on MetaTrader 4

How to Set New Order on Tools Menu in MetaTrader 4

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. The button for placing a new xauusd trade transaction order is shown below. (Short Cut Keyboard Keys "F9")

How to Set New Market Execution Order - in Tools Menu on MetaTrader 4

Placing a New Market Execution XAUUSD Trading Order

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

Placing a New Gold Order - Market Execution Order - How to Place Gold Orders on MT4