Forex Trading Is A Wide Market Place For Selling And Buying Currencies And Is Also Known As Over- The- Counter Trading Market

Category: Finance.

Forex is considered to be the leading marketplace globally with transactions of more than 8 trillion dollars taking place everyday. Though forex trading is not easy and has lots of intricacies, a person trading for a particular country s currency, has to study and observe the present scenario and future prospects of that country s currency.

Forex prices keep on changing because of factors like world economy and political events that takes place in different countries. Forex trading is a wide market place for selling and buying currencies and is also known as over- the- counter trading market. A market order type is basically an order which is carried out to sell and buy at the current market price. Global money managers, registered dealers, international money brokers, huge multinational corporations, private speculators and traders are the participants who are mostly involved in Forex markets. Those customers, who are using AC Markets online currency trading platform, can click on the selling and buying button after completion of a specific deal size. The process of Forex trading involves certain steps that include: A customer specification to the dealer about the deal size and currency pair.

The execution of the order is instantaneous, which means that the customer gets the same price as seen at that point of time. The dealer basically gives a two- way price, one is the Ask for price and the other is by bidding. The dealer then confirms the trade. The customer may ask for re- quote. Usually under normal market circumstances ACMarket dealers respond to market orders within five to ten seconds. This order contains two components, namely duration and price, where the trader specifies the price at which he wants to sell or buy a certain currency price. Limit order is also an order which is basically placed to buy and sell at a certain price.

Stop orders are also placed in order to buy and sell at a specified amount or price containing same two variables, duration and price. An OCO which is an acronym for Order cancels Other stands for an order which is a mixture of two limit or stop orders. This order is basically used for a limit loss potential on a transaction. Two orders having price and duration variables are also placed below and above the current price. For more information on Forex Currency Exchange, Online Forex Market, Online Currency Trading, Forex, Online Forex Trading, Forex Trading, Online Forex Currency Trading, Silver Trading and Forex Exchanges, visit www. ac- markets. com

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