September 14, 2025 • 5 mins
The Secret to Better Forex Entries Revealed Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass Click Here To Learn How to Gain 1% Daily #605: The Secret to Better Forex Entries Revealed In this video: 00:28 – Avoid using a market order. 01:24 – Learn what a pending order is. 01:58 – You can enter the position and let the market work. 02:48 – Buying at a better price. 03:24 – Helps reduce emotions. 03:39 – NEW Masterclass. 03:52 - New course pricing structure available. 04:15 – Book a call with us. 04:23 – Blueberry Markets as a Forex Broker. 04:43 – Like, share and subscribe. Today, I want to talk about why I believe that in most cases, entering a market order as a trader is not a great idea. So let's discuss that topic and more right now. Hey there, Traders! it's Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 605. Avoid using a market order. And you heard that right. I believe that using a market order for most of your trades is not a great idea. And there's many reasons for that. One of the reasons, I think, that you should never really enter a market order is because what does the price right now mean? What does it signify? Most people find that they enter a trade because they happen to be at their computer, and they happen to see a set up, and therefore they just enter straight away using a market order. And the issue I have with that is very rarely do people find that that price has any significance. It probably doesn't have any price level. It may not broken through any barriers. And so by entering the market for most people, most of the time it means they're entering right now because I'm at the computer, I think there's a trade. I'm going to enter a trade, buy or sell. Avoid using a market order. What I find, though, is that a lot of people do not understand pending orders particularly well. Most people, don't use them, and a lot of people don't even know they exist. So you can have what's called a buy or sell stop or a buy or sell limit. Now, I am a massive fan of using limit orders, so a buy limit means that you are buying below the current price and the sell limit means you're taking a sell position if the price goes higher than where it currently is right now. The beauty of those trades is it means you do not have to be there when the price gets hit. And when you think about it, if you're taking a buy trade and the price is at a certain level, and you're saying, I want to enter this buy trade, but if the price drops first, you getting in at a far better price. It means that for the when the price takes off and you anticipate it direction back up again, it means that that movement between where the market may be at the when you saw the trade and you'll buy limit order or the market needs to do is get back to the same market order original price and you're already into some profit and beyond. So therefore, what it means is your reward to risk becomes massively greater as well. You could simplify it and think of it this way. Buying at a better price. You're going into a shop and buying something at $100. I could go into that shop and say that when you drop that price later today to $80, I want to buy it. And it's a very similar thing to that. So if the shop doesn't drop its $80, you miss out on the trade. But if they bring that price back to $80 or $75, or you've bought the item, you know you get in at a better price and you bought the item at a lower price, then entering straight away in that example at $100. Helps reduce emotions. And so that is where you can use limit orders. It takes away the emotion of your trading because you're not like in the market scrambling now, trying to get your position size and your stop loss and your profit targeting.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Today, I want to talk about why I believe that
in most cases, entering a market order as a trader
is not a great idea. So let's discuss that topic
and more right now, Hey the traders, it's Andrew Mitcham here,
(00:22):
the owner of the Frost Trading Coach with video and
podcast number six hundred and five. And you heard that right.
I believe that using a market order for most of
your trades is not a great idea, and there's many
reasons for that. One of the reasons I think that
you should never really enter a market order is because
(00:42):
what does the price right now mean? What does it signify?
Most people find that they enter a trade because they
happen to be at their computer and they happen to
see a setup, and therefore they just enter straight away
using a market order. And the issue I have with
that is very rarely do people find that that price
(01:05):
has any significance. It probably doesn't have any price level,
it may not have broken through any barriers, and so
by entering the market for most people most of the time,
it means they're entering right now because I'm at the computer,
I think there's a trade. I'm going to enter a
trade by or sell. What I find though, is that
(01:26):
a lot of people do not understand pending orders particularly well.
Most people don't use them, and a lot of people
don't even know they exist. So you could have what's
called a buy or sell stop or a buy or
sell limit. Now I am a massive fan of using
limit orders. So a buy limit means that you're buying
(01:50):
below the current price, and a cell limit means you
are taking a cell position if the price goes higher
than where it currently is right now. The beauty of
those trades is it means you do not have to
be there when the price gets hit. And when you
think about it, if you're taking a buy trade and
the price is at a certain level and you're saying,
(02:10):
I want to enter this buy trade, but if the
price drops first, you're getting in at a far better price.
It means that when the price takes off in your
anticipated direction back up again. It means that that movement
between where the market may be at the when you
saw the trade and you'll buy limit order, all the
(02:33):
market needs to do is get back to the same
market order original price, and you're already into some profit
and beyond. So therefore, what it means is you'll reward
to risk becomes massively greater as well. You could simplify
it and think of it this way. You're going into
a shop and buying something at one hundred dollars, I
could go into that shop and say that when you
(02:55):
drop that price later today to eighty dollars, I want
to buy it. And it's a very similar thing to that.
So if the shop doesn't drop it to eighty dollars,
you mishad on the trade. But if they bring that
price back to eighty dollars or seventy five, you've bought
the item. You know, you get in at a better price,
and you bought the item at a lower price than
(03:18):
entering straight away in that example at one hundred dollars.
And so that is where you can use limit orders.
It takes away the emotion of your trading because you're
not like in the market scrambling now trying to get
your position size, and you stop lost and your profit targeting.
You can enter your buy limit or sell limit and
just walk away and let the market do its thing. Now,
(03:39):
if you'd like to find out about how we do
that and why we heavily promote using limit orders, what
I said, yes you do is jump onto my short
on demand master class. You'll find a link to that here.
If you're interested in coming on board with us and
joining us at the Forest Training Coach. You may have
seen recently that we've changed the pricing structure. It's on
(03:59):
a bit of a trial basis right now, but if
you want to jump in at a massively reduced price,
I'll put a link to the Google Drive document where
you'll see a new lower enterprise and then a small
ongoing monthly fee. So how I'll look out for that.
If you like to discuss your trading or how we
can help you, I'll put a link that you can call,
(04:20):
make a time to book and call myself or one
of the team. And if you're out there looking for
a really good forest broker where you can also trade
cryptos and medals, commodities, indices, etc. Have a look at
Blueberry Markets and they offer the Empty four and the
Empty five trading platform. I've been with them personally for
many years and I find them excellent. So I'll put
(04:40):
a link to Blueberry Markets as well. If you're watching
on YouTube, don't forget, don't forget to like and share
and subscribe and if you have any topics you'd like
me to discuss on future videos and podcasts just like
this one, send me an email Andrew at the Froust
Trading Coach dot com or comment below. I'll see this
time next week. Buy Fornat s
Today, I want to talk about why I believe that
in most cases, entering a market order as a trader
is not a great idea. So let's discuss that topic
and more right now, Hey the traders, it's Andrew Mitcham here,
(00:22):
the owner of the Frost Trading Coach with video and
podcast number six hundred and five. And you heard that right.
I believe that using a market order for most of
your trades is not a great idea, and there's many
reasons for that. One of the reasons I think that
you should never really enter a market order is because
(00:42):
what does the price right now mean? What does it signify?
Most people find that they enter a trade because they
happen to be at their computer and they happen to
see a setup, and therefore they just enter straight away
using a market order. And the issue I have with
that is very rarely do people find that that price
(01:05):
has any significance. It probably doesn't have any price level,
it may not have broken through any barriers, and so
by entering the market for most people most of the time,
it means they're entering right now because I'm at the computer,
I think there's a trade. I'm going to enter a
trade by or sell. What I find though, is that
(01:26):
a lot of people do not understand pending orders particularly well.
Most people don't use them, and a lot of people
don't even know they exist. So you could have what's
called a buy or sell stop or a buy or
sell limit. Now I am a massive fan of using
limit orders. So a buy limit means that you're buying
(01:50):
below the current price, and a cell limit means you
are taking a cell position if the price goes higher
than where it currently is right now. The beauty of
those trades is it means you do not have to
be there when the price gets hit. And when you
think about it, if you're taking a buy trade and
the price is at a certain level and you're saying,
(02:10):
I want to enter this buy trade, but if the
price drops first, you're getting in at a far better price.
It means that when the price takes off in your
anticipated direction back up again. It means that that movement
between where the market may be at the when you
saw the trade and you'll buy limit order, all the
(02:33):
market needs to do is get back to the same
market order original price, and you're already into some profit
and beyond. So therefore, what it means is you'll reward
to risk becomes massively greater as well. You could simplify
it and think of it this way. You're going into
a shop and buying something at one hundred dollars, I
could go into that shop and say that when you
(02:55):
drop that price later today to eighty dollars, I want
to buy it. And it's a very similar thing to that.
So if the shop doesn't drop it to eighty dollars,
you mishad on the trade. But if they bring that
price back to eighty dollars or seventy five, you've bought
the item. You know, you get in at a better price,
and you bought the item at a lower price than
(03:18):
entering straight away in that example at one hundred dollars.
And so that is where you can use limit orders.
It takes away the emotion of your trading because you're
not like in the market scrambling now trying to get
your position size, and you stop lost and your profit targeting.
You can enter your buy limit or sell limit and
just walk away and let the market do its thing. Now,
(03:39):
if you'd like to find out about how we do
that and why we heavily promote using limit orders, what
I said, yes you do is jump onto my short
on demand master class. You'll find a link to that here.
If you're interested in coming on board with us and
joining us at the Forest Training Coach. You may have
seen recently that we've changed the pricing structure. It's on
(03:59):
a bit of a trial basis right now, but if
you want to jump in at a massively reduced price,
I'll put a link to the Google Drive document where
you'll see a new lower enterprise and then a small
ongoing monthly fee. So how I'll look out for that.
If you like to discuss your trading or how we
can help you, I'll put a link that you can call,
(04:20):
make a time to book and call myself or one
of the team. And if you're out there looking for
a really good forest broker where you can also trade
cryptos and medals, commodities, indices, etc. Have a look at
Blueberry Markets and they offer the Empty four and the
Empty five trading platform. I've been with them personally for
many years and I find them excellent. So I'll put
(04:40):
a link to Blueberry Markets as well. If you're watching
on YouTube, don't forget, don't forget to like and share
and subscribe and if you have any topics you'd like
me to discuss on future videos and podcasts just like
this one, send me an email Andrew at the Froust
Trading Coach dot com or comment below. I'll see this
time next week. Buy Fornat s
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