Futures Trading and Order Instructions
Whether you may have invested for contracts in oil, gold, platinum, or other basic commodities, you have to give instructions to a futures trading broker so that he or she can set what is needed to be done with your buying or selling direction. You can opt to market order, limit order, or stop loss order.
Market order is done when you want to have your contract being sold or bought at the standard market value of commodities involved. You cannot set your price in this command, unlike what is provided in limit order where you can set your price limit. Stop order loss is for assurance of profit, even in losing opportunities.
