Market order or Limit order for short term trading

[element]

Hi Guys,

I am trying to do trades of very short term. Like 4 or 5 minutes per trade. In this type of trading - is it better to use Market order or Limit order ?

Also, what time frame chart do you guys use for this type of trading ?

Thank you

[Forex_Verified]

Hi Guys,

I am trying to do trades of very short term. Like 4 or 5 minutes per trade. In this type of trading - is it better to use Market order or Limit order ?

Also, what time frame chart do you guys use for this type of trading ?

Thank you

If your spread is low or you don’t care about few pips in slippage you can go with market orders. If you want to get the price you’ve set you should go with limit orders (thought slippage may still occur).

[Rambo35]

It seems you are just starting, so the best for you would be to try for some time what ever you think will work and the final result will tell you what is better to do. Every strategy should be tested at least 6-9 months.