A next order is made up of a series of at least two separate orders. These may be market orders, limit orders, stop orders or any other type of order offered by a broker. If and when the first order is filled, the subsequent order is placed.
This type of order can be used to set up a full-circle trade ahead of placing the order. The number and combinations of orders which can be included in a next order are limited only by the options provided by individual brokers.
Swiss online trading platform comparison