The following is a short extract from the course "How To Trade The Futures Market", please click here Trade Futures Course for full details on how to obtain the full text, futures trading simulator along with sample data and bonus trading ebooks package.

Find: Market order stop price trade trades sell filled buy orders.

Stop Order: A stop order to trade at the market when a specified price trades. So a buy stop at 6460 will become a market order to buy as soon as 6460 or higher trades. A sell stop at 6410 will become a market order to sell as soon as 6410 or lower trades. A buy stop is placed above the current market A sell stop is placed below the current market. The Pros and Cons of Market Orders. A market order will always be filled immediately; it is therefore a useful order when you have to get in or out of the market. Most obviously if you have a losing position and you are uncertain what to do, get out with a market order. The main disadvantage of market orders is that you do not know the price that you will be filled at, it may be worse than the price that was available when you first entered the order. The difference between the price you hoped to trade at and the price that you actually get filled at is called slippage. Slippage represents 22 one of the hidden costs of trading and for an active day trader it needs to be minimized. If you trade 100 times a day, an average of 0.5 points slippage per trade will cost 500 in the FTSE futures market! The Pros and Cons of Limit Orders.

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How To Trade The Futures Market

For full details about this detailed course, which includes a futures trading simulator software package complete with some sample trading data, and free trading ebook package please click here Futures Trading Course

If you are more interested in trading the eminis you need to review these emini - e-mini trading courses