In forex trading market, there are different types Orders, I will only explain the three most important ones now-Market Order; Stop Order and Limit Order.
Market Order: This type of Order is used to either enter or exit the market at the quoted currency price of any given pair instantly.When you place such orders, you are simply saying you will buy or sell that given currency pair, at whatever price it reaches when I would be filled.
Limit Order: This type of Order is used to buy or sell a currency pair at a predetermined price. This Order is simply put in place to redeem your profit at that predetermined price, when you are not there to monitor your trade.
Stop Order: This type of Order is also used to buy or sell a currency pair at a predetermined price and it is the opposite of Limit Order because it is placed to stop your losses at the predetermined price, when you are not there to monitor your trade and cut your losses.
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