Market Order
With this type of order you agree to enter or exit the market as soon as your order can be filled, regardless of the price. Each of the online forex trading platforms offers real-time streaming forex prices with fast, easy and efficient one-touch order execution. The market order allows the client to follow the real-time bids and offers on the screen that can be executed with a click of the mouse. The most advantageous aspect of the market order is the ability for the trader to capture better fills.
The exact process goes like this:
1. A customer specifies the currency pair and the deal size to the dealer.
2. The dealer gives a two-way price (BID and ASK price).
3. The customer takes one of the two prices (he may ask for a re-
quote).
4. The dealer confirms the trade. Under normal market conditions,
Forex dealers usually respond to market orders in about 5 to 10 seconds at most. Assuming the customer deals immediately on the offered prices a phone deal can be made in 10 to 15 seconds on average.
You should be aware that it is a correct market practice for such institutions to quote two-way prices to a customer who wishes to trade. A firm that does not do so is almost certainly taking advantage of their customers' ignorance as far trading procedures are concerned.
With this type of order you agree to enter or exit the market as soon as your order can be filled, regardless of the price. Each of the online forex trading platforms offers real-time streaming forex prices with fast, easy and efficient one-touch order execution. The market order allows the client to follow the real-time bids and offers on the screen that can be executed with a click of the mouse. The most advantageous aspect of the market order is the ability for the trader to capture better fills.
The exact process goes like this:
1. A customer specifies the currency pair and the deal size to the dealer.
2. The dealer gives a two-way price (BID and ASK price).
3. The customer takes one of the two prices (he may ask for a re-
quote).
4. The dealer confirms the trade. Under normal market conditions,
Forex dealers usually respond to market orders in about 5 to 10 seconds at most. Assuming the customer deals immediately on the offered prices a phone deal can be made in 10 to 15 seconds on average.
You should be aware that it is a correct market practice for such institutions to quote two-way prices to a customer who wishes to trade. A firm that does not do so is almost certainly taking advantage of their customers' ignorance as far trading procedures are concerned.
Types of Orders - Forex Market - Market Order
An order to buy or sell a stock immediately at the best available current price.
A market order is sometimes referred to as an "unrestricted order".
This information was provided by Easy Forex.
A market order is sometimes referred to as an "unrestricted order".
This information was provided by Easy Forex.
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Forex Trading Orders
Forex Market Orders
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Forex Market Orders
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Forex Stop Orders
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Forex order types: Market Order, Limit Orders, GTC (Good till cancelled), GFD ( Good for the day), Stop orders, OCO (order cancels other).
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With the search, you can search currency exchanges, banks, forex brokers, and other information listed and featured at Easy Forex Forum.
With the search, you can search currency exchanges, banks, forex brokers, and other information listed and featured at Easy Forex Forum.
Risk Warning: please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.
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