The acronym IFD stands for “If Done Order.” “Done” is an exchange phrase that signifies the transaction has been completed and the contract has been completed, and it is an order method that means “will do if the transaction is completed.” “Ifdan Order” is another name for it.
You can put a limit order to lock in a profit or a stop order to restrict a loss at the same time as a fresh transaction. Some Forex firms can put fresh orders on market orders and simply use limit or stop orders for settlement.
