A market order buys at the ask and sells at the bid, so you pay the spread the moment you enter.
A limit waits for a better price; a stop waits for price to prove a move. Neither is sure to fill.
Add a stop loss before you send any order; the ticket shows what it costs against both loss limits.
Four order types in one ticket
The order ticket in the MyFundedCapital Terminal offers Market, Limit and Stop, with Stop limit under More. The difference is simple: do you want to enter now, at a better price, or only once price has moved?
Say EURUSD trades at 1.0840.
| Order | Buy example | Sell example | Use it when |
|---|---|---|---|
| Market | Buy now at the ask | Sell now at the bid | You want in at once |
| Limit | Buy at 1.0820, below the price | Sell at 1.0870, above the price | You expect a pullback to a level |
| Stop | Buy at 1.0870, above the price | Sell at 1.0820, below the price | You want price to break a level first |
| Stop limit | Triggers at 1.0870, fills up to 1.0873 | Triggers at 1.0820, fills down to 1.0817 | You want a breakout but not a bad fill |
Market orders and the spread
A market order fills at the best price available now. The ticket shows two prices: Buy at the ask and Sell at the bid, with the spread between them. If the bid is 1.0840 and the ask is 1.0841, a buy fills near 1.0841 and starts about one pip in the red. That is normal; it is the cost of entering at once.
Set the size in Volume, using the quick buttons or typing a figure. Market orders suit a setup that is ready now, for example a candle that has just closed at a level you marked earlier. In a fast market the fill can differ slightly from the price you saw, so leave a little room in your risk.
Limit and stop orders: waiting for price
Limit and stop orders are pending orders: they wait until price reaches your level. A limit enters at your price or better. Use it to buy a pullback into support or sell a rally into resistance. The catch: if price turns just before your level, you are not filled.
A stop order enters once price trades through your level. Use it for breakouts: buy only if EURUSD clears 1.0870. In a fast move a stop order can fill beyond its level. A stop limit caps that: it triggers at the stop price and fills only up to your limit price, so it may not fill at all in a jump.
For pending orders the ticket offers a Time in force, for example Good till cancelled. Cancel an order you no longer want; an old order can fill when the setup is gone.
Which order fits which plan
- Pullback to a level. Price is rising and you want to buy at support below. Use a buy limit at the zone.
- Breakout. Price is pressing against resistance and you only want in if it breaks. Use a buy stop just above it.
- Setup ready now. The candle has closed and the entry is valid. Use market.
- News nearby. Check the Calendar tab first. Your plan pauses new trades from 2 minutes before to 2 minutes after high-impact news on the symbols it moves, so do not plan an entry inside that window.
Whatever the type, decide the stop loss before you choose the order. The order type is about how you enter; the stop is about how much you can lose.
Set it up in the Terminal
- Pick the symbol, for example EURUSD.
- Choose Market, Limit or Stop, or Stop limit under More. For a pending order, enter its price.
- Set Volume, or switch sizing to Risk % and enter your risk per trade, for example 0.5% of equity.
- Press + Stop loss and + Take profit and enter each as a price, in points or in dollars.
- Read Risk at SL and the box If the stop loss hits: it shows your daily and overall loss limits before and after.
- For a pending order, set the time in force, then send.
In the free demo orders are switched off, so you can practise these steps on live prices without sending anything.
Quiz
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Trading basics in the MyFundedCapital Terminal checklist
Rules as of 17 Oct 2026. Tick each line before your next session.
1. What is the difference between market, limit and stop orders?
- A market order buys at the ask and sells at the bid, so you pay the spread the moment you enter.
- A limit waits for a better price; a stop waits for price to prove a move. Neither is sure to fill.
- Add a stop loss before you send any order; the ticket shows what it costs against both loss limits.
2. How do you read a price chart?
- Each candle is one period: its body runs from open to close, its wicks to the high and low.
- Read top-down: direction on 1D or 4h, structure on 1h, entry on 15m or lower.
- Your planned stop shows on the chart as a line, so you see the risk before you send.
3. Which candlestick patterns should a beginner know?
- Body = open to close, wicks = the extremes. Long wicks show where price was rejected.
- A pattern counts only after its candle closes, and only at a level you marked earlier.
- Put the stop beyond the pattern’s wick and size the trade from that distance.
4. What are support and resistance levels?
- Mark levels on 1D and 4h first; they carry more weight than levels found on 1m.
- A broken resistance often turns into support on the retest, and the other way round.
- Stops go beyond the zone with a buffer; a stop on the line is where many others sit too.
5. How do you identify a trend in trading?
- Structure first: higher highs and higher lows up, lower highs and lower lows down.
- The higher timeframe sets the direction; the lower one only times the entry.
- A break of the last higher low puts an uptrend in question; it does not prove a reversal.
6. What are moving averages and how do you use them?
- The period counts candles, not days: a 50 EMA on 1h averages the last 50 hourly closes.
- Use the slope for direction and the line as a zone in pullbacks, not as a precise signal.
- Moving averages lag. Your stop still goes beyond structure, never just past the line.
7. What is the RSI indicator and how do you read it?
- RSI measures momentum, not value. “Overbought” is not a sell signal by itself.
- In an uptrend RSI tends to hold above the middle; in a downtrend below it.
- Use RSI to confirm a setup at a level in the trend direction, never alone.
8. What is the MACD indicator and how does it work?
- Above zero, the faster average is above the slower one: the trend leans up. Below zero, down.
- A shrinking histogram warns that momentum is fading before a crossover appears.
- MACD is built from moving averages, so it confirms; it does not predict.
9. How do you use the ATR indicator to set a stop loss?
- ATR measures how far price usually moves per candle. It says nothing about direction.
- A stop tighter than one normal candle is often hit by noise, not by a failed idea.
- When ATR rises, the stop widens and the volume shrinks. The dollars at risk stay the same.
10. How do you confirm a trading signal before you enter?
- A signal needs context, location and a trigger. One of the three alone is a guess.
- Use one tool per job; three oscillators agreeing are one opinion, not three.
- Expert advisors and trading bots are allowed only by agreement: write to support first.
11. What is the risk-reward ratio in trading?
- R:R = distance to the stop : distance to the take profit. Both come from the chart.
- At 1:2 about one winner in three breaks even before costs; at 1:1 you need one in two.
- Set the target at the next level. A ratio you want is not a ratio the chart offers.
12. Where should you place a stop loss?
- The chart sets the stop’s place; your risk per trade sets the size. Never the other way round.
- Every order should carry a stop; the ticket warns when the loss is not limited.
- Move a stop only in your favour, and only for a reason on the chart.
13. How do you size a position in the MyFundedCapital Terminal?
- Size from the stop and a fixed risk; the volume is the result, not the starting point.
- Risk % mode sizes from a share of equity and shows Risk at SL before you send.
- Fit to limits is a ceiling. Your own risk per trade is usually far below it.
14. What should you record in a trading journal for every trade?
- Write the reason before you enter; reasons written afterwards tend to fit the result.
- Measure results in R, so trades of different sizes and markets compare fairly.
- Review once a week on a day you are not trading, and change one thing at a time.
15. How do you place your first trade step by step?
- Rehearse in the free demo: live prices and the real rules, no sign-up, orders switched off.
- Plan on the chart first; open the ticket only when entry, stop and target are clear.
- Read Risk at SL and the daily and overall limits before and after, then send.
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Questions
Is a limit order sure to fill?
No. It fills only if price reaches your level, and only at that price or better. If the market turns a pip before your level, the order stays open and unfilled.
Can I send orders in the free demo?
No. Orders are switched off in the demo. It has live prices and the real rules, so you can study the ticket, the chart and the limits before you buy an account.
Related lessons
Tools and rules
Rules shown here come from the help center and the live rulebook; your program terms apply.
