A forex order is an offer a buyer or seller sends to the broker or a trading platform to open or close a trade position. Depending on the market situation, either of the parties can quote the bid and ask prices. Here are different forex orders that you would like to know about. Market Order (Order to Buy or Sell at the Best Available Price) Limit Order (Order to Buy Below the Market or Sell Above the Market) Stop Order (Preventing the Order from Executing Until the Attainment of the Stop Price) Stop Loss Order (An Order That Limits Potential Losses)