Amazing Forex System by Borowcki R

By Borowcki R

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These are either add-on or integrated into the trading platform. • Requoting policy. Be sure to get this in writing. Last, never send the broker money that you consider non-disposable. If you are too anxious about your money, you will not make good trading decisions. If this happens, trade down to a sleeping level. 7 Chapter Mechanics of FOREX Trading n this chapter, we discuss the variety of orders that may be placed into the market. The basic rule of thumb, especially for novice traders, is to keep it simple.

A few trading platforms are appearing with Flash. Some investors may prefer to use voice brokers to execute their trades as in the pre-Internet era. This service must be specifically mentioned in the broker’s list of services since telephone trading is a waning method of trading in the new millennium. While the authors much prefer the online format, we highly recommend finding a dealer who offers a voice backup—the Internet can do strange things, often at the wrong time. Charting Packages Some dealers are now offering integrated charting and technical analysis packages with their dealing platform, or partnerships with charting services.

This means that the price seen at the exact time of the click will be given to the customer. 2. Placing a market order by phone is quite similar but usually takes a few seconds more. 1. 1 Market order request. 2 WHAT EVERY TRADER MUST KNOW Limit order request. 3. Traders can also cancel any limit order that has not been executed at any time. 4. Voice traders usually receive a verbal confirmation within 5 to 15 seconds after placing the order. 1 Order Sequence 1. A customer specifies the currency pair and the deal size to the dealer.

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