Understanding the types of market orders is crucial when trading. A Limit order is an order to close your position should the market rise to a specified price. It can be also called a take profit. You can use a limit order to take your profit on a position automatically when the price reaches your specified target. This is the other side of a stop loss which protect you from losing your shirt.
This is a type of investment that looks at making trades that will stay open over a number of days. These positions may have an expiry time of weeks or even months.
This is one of the most important concepts a trader needs to understand and is the backbone of CFD and forex trading. Leverage allows a trader to amplify their investment by only have to put up a small percentage of the value of the trade. The money needed to secure a trade is referred to margin. For example, when you open a position with a value of $10,000 by putting down a margin deposit of $1000 you have a gearing ratio of 10:1. Also known as leverage.