A forex trading order is an instruction with defined parameters to your broker to take a specific action in the market, either now or in the future. An order is for immediate execution or pending execution. Pending means prices must behave in some specific way before the order is ready for immediate execution. A market order is for immediate execution, at the best bid or ask the broker can offer to you as a function of the broker's data feed and liquidity providers. Market Orders The market order is probably the most basic and often the...
The forex market is closed from Friday evening until Sunday evening. Quite often the price that currency pairs open at on Sunday is different from what they closed at on Friday – this difference is called a ‘Gap’. Gaps in forex trading refers to the spaces on the chart where prices move sharply which resulted in almost zero trading between previous price to the next price. In the beginning of the week, prices could jump up or down compared to the last price before market closed in the week before. Gaps can also...
Dear Traders, Our company wants to inform you that it will be lowering the maximum leverage available for currency pairs that will be likely affected the most due to forex market volatility before, during and just after the EU referendum in the United Kingdom. On Thursday 23, June 2016 the United Kingdom will vote either to leave or remain in the EU. The new margin rules will be activated after the financial markets close on June 17, 2016, and will be ended after trading closing on June 24, 2016. New margin rules: • Major GBP Crosses* [4...
Forex is the largest and most liquid market in the world. This is the "place" where currencies are traded, while their value is mainly determined by supply and demand. The Forex market is important for all of us, regardless of whether we know it or not. When you import a product or travel to another country, you are engaged in trade in the Forex market because of exchanging a certain amount of one currency to an equivalent value of the other one. There are a huge number of financial centers around the world that actively involved...
How the forex market was developing through past, people were creating lot of forex trading strategies by using different trading indicators such as ZigZag, Bollinger Bands, Eliot Waves Commodity Chanel Index etc. ZigZag trading strategy is a very popular strategy used by many traders, which foundation relays on the ZigZag Indicator. ZigZag indicator is one of the many trend indicators which can be used in trending market conditions. The ZigZag indicator is nothing but trend lines that connects highs and low in the prices and...
