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What are orders and positions in Forex Trading?

by Tem Tee NaijaStore.blogspot.com

Orders and Positions 

When you want to open a position you need to place an "entry" order. If and when the entry order executes, the position becomes "open" and starts its life on the market. At some point in the future, you will place an "exit" order to "close" the position. 


At the point when you place your entry order, you need to define price level at which you want to buy or sell certain instrument. You also need to specify type of the order and quantity of the instrument you want to trade... CLICK TO READ MORE>>                                                                                                                                                                                                                            ----------------------------------------------------------------------------                                                                                                   


Also Read..» Forex Trading Terminology..                                                                                                                                                                                                                                                                                                                                                                                             


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About Tem Tee Tycoon I   NaijaStore.blogspot.com

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Joined APSense since, March 29th, 2008, From Lagos, Nigeria.

Created on Dec 31st 1969 18:00. Viewed 0 times.

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