Market, Limit & Stop Orders – 36121003 -KM-010

Learner Instruction

To successfully complete this module, you are expected to:

• Engage Actively: Read through the provided guidebook pages and this learner guide thoroughly. Take notes on key concepts.
• Reflect on Scenarios: Consider how the concepts of slippage have applied or could apply to your own trading or demo trading experiences.
• Participate in Practical Analysis: Be prepared to discuss and analyze different broker types and order types in the context of execution speed.
• Complete the Assessment: Demonstrate your understanding by successfully completing the knowledge test and any practical assessment criteria outlined below.
• Seek Clarification: If any concept is unclear, do not hesitate to ask your instructor for further explanation.

Physical Requirements Prior to Training

To ensure you are fully prepared to engage with the training material, please ensure you have the following:

• Prerequisite Knowledge: A solid understanding of basic trading terminology, including Pips, Spread, Bid/Ask Price, and Order Types (Market, Limit, Stop) as covered in the “Trading Basics” section
• Technical Setup: Access to a trading platform demo account (e.g., MetaTrader 4 or 5) is highly recommended. This will allow you to observe order execution in real-time.

• Learning Environment:A quiet space free from distractions to focus on the module content and any interactive sessions.

Objectives of the Module

Upon completion of this module, you will be able to demonstrate an understanding of:

 Assessment Criteria

Your understanding of this module will be assessed based on the following criteria:

• Knowledge: Basic definitions and concepts.
• Comprehension: Understanding of how and why each order works.
• Application: Ability to use the correct order type in a given situation.
• Analysis & Synthesis: Ability to combine multiple order types into a coherent risk-managed strategy.