Entry orders are ideal for those who seek to sell or buy at a particular price and do not have the luxury of time to observe the market until the price gets met. What is a stop-limit entry order? Stop limit orders combine limit orders and stop orders. It begins by using a stop-limit order upon reaching a stop price, this order thus turns to limit order and a commodity … [Read more...] about Entry Order
Forex Glossary
Spread
The concept of spread in forex trading is important for every newbie in the forex business because it will affect the costs you will come face to face with. By default, traders who have low spread will encounter lower costs of operation and more money saved. If you are a high spread trader, you will have to make more money to cover the costs incurred. As a trader, you have … [Read more...] about Spread
Liquidity
Forex liquidity influences the technique in which the trading is done as higher liquidity enables better trading. It enables convenient swapping conditions for a trader. In the case of major currency pairs trading, a trader has to deal with a high liquidity condition. The liquid state is because of the 24-hour trading done on weekdays. Another reason is the mammoth … [Read more...] about Liquidity
Indicative Quote
Market makers come out with a possible price quote to a prospective investor that is subject to change before a transaction occurs. In other words, the dealer/broker is not honor-bound to the quote. Such quotes are offered to traders looking for currency trade. The transaction volume is not considered here. The quotes are used as exchange rate estimates by investors … [Read more...] about Indicative Quote
Position In Trading
Understanding the concept of ‘position’ in forex can open new gateways into trading styles. Position trading can also be of numerous types, which shall be explained in this article, along with the basics of position trading. What is a Position? The quantity of a particular financial instrument, security, or currency that an individual or group entity owns is … [Read more...] about Position In Trading
