Monday, February 11, 2013

Limit Orders (reserving a Day-Trading deal)


Limit Orders (reserving a Day-Trading deal)
Some dealing rooms and platforms offer the trader the ability to set a "reserved" rate for a deal, that would "capture", if and when such a rate occurs in the market, resulting in a Day-Trading deal.
The trader can define the rate he/she wishes, letting the platform do the watching, until (if and when), it appears in the market. Easy-Forex™ does not charge additional fees for Limit Orders. Setting up a Limit Order is very similar to the process described above for Day-Trading. Should the reserved deal not be realized, the funds which were allocated for it will be returned to the trader's account.

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