Need help with Forex terminology?

Question

1) "Swap"
2) "Buy Limit"
3) "Sell Limit"
4) "Buy Stop"
5) "Sell Stop"

Answer 1

http://www.investorwords.com/
--Buy or Sell Limit - When the ticker price hits the price you set as your limit order, your order will be filled at that price or better.
--Stock is at $12.95
Your Buy Limit order is $13.00
When the ticker hits $13.00 your order is placed.
If your order didn't get filled @ $13.00 and the ticker goes higher, it will try to be filled when it drops back to $13.00 or lower.
--If the stock is moving fast in one direction, your limit order may get passed by and never filled. It's very dangerous to use a limit order to close a position. If the price keeps moving, your position will never get closed until it comes back to your limit price.
--Buy or Sell Stop - When the ticker price hits the price you set, it turns into a market order and is closed at whatever price is available at the moment.