Forex encyclopedia

Market Order – an order for purchase-sale of currency pair at present price. Execution by broker of this order leads to an immediate opening of trade position. Currency is bought at ASK price, and is sold at BID price. This is the fastest way to open position, but it should be noted that under high volatility “Market” order is not the best possible option. Pending Order – an order for the future purchase-sale of currency pair at specified price. It is used for opening trading position on condition that future quotes are equal to preset level. Its advantage is that broker will fulfill it regardless of connection with trading terminal and server. In this case trader does not have to stick to market all the time. Broker can remove order only if margin is insufficient. In other cases order is effective until it is fulfilled, expired or canceled by trader.
The Forex market has many advantages and today it is the largest financial market in the world. Million of traders all over the world choose the foreign currency market due to the opportunities it gives. For people who want to work from home, currency trading is the best choice and we are going to explain why. High liquidity. Forex operates with enormous money funds, therefore, a trader has 24 hours’ opportunity to open or close position of almost any volume at the current price. Forex daily returns on average amounts to more than 3 trillion Us dollars (according to the Bank for International Settlements). And these volumes continue to grow. Easy to access. Due to electronic trading technologies, almost everyone can trade on the Forex market if he or she has the Internet access. You can make trades easily now: trading from home, a cafe, an airport, a taxi or a hotel is an ordinary thing.
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Forex encyclopedia
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