*Understanding Trading Operations*

Trading operations involve buying and selling financial instruments, such as currencies or stocks. Here's a breakdown of key concepts:

- *Order Types*: Market orders execute immediately at the best available price, while pending orders are executed when specific conditions are met.

- *Position Management*: Traders can open, close, or modify positions using various tools like Stop Loss and Take Profit orders.

- *Risk Management*: Trailing Stop automates adjusting Stop Loss levels as the market moves in favor of the position.

- *Trade Execution*: Trades can be executed in Instant or Request modes, depending on the broker and instrument.

To succeed in trading, it's crucial to understand these concepts and use them effectively ¹ ².