best automated forex trading software 2017

with real-time and intraday data. , users worldwide. + technical indicators, custom indicators, spreads and much more. Reliable datafeed and.

On the other hand, if the market moves as you anticipated, you will carry an unrealized profit until the position is closed. H owever, since the market constantly fluctuates, you may fluctuate between unrealized losses and unrealized profits until you actually close the position. Slippage: Market orders should be a subject to negative as well as positive slippage or neutral. TIP for traders using the MetaTrader 4 trading platform: Remember that to close a trade, you have to double-click your opened trade in the MT4's terminal, and then click at the yellow "Close" button highlighted in the picture below.

Instant Orders Vs Pending Orders in FX Trading

Due to the fact that most retail forex brokers allow hedging, if you have opened a BUY order and click at the red SELL button, another trade will be opened. In case that hedging is allowed, trades are always closed by the yellow "Close" button in the MetaTrader 4. As the name suggests, limit orders are only executed under specific circumstances.

This means that certain specified conditions must exist before such an order will be executed. For this reason, limit orders are pending orders.


  1. option trading practice account;
  2. urban forex pivot point indicator.
  3. hdfc bank ltd forex rates for today;
  4. bollinger bands mathematical formula.
  5. forex tweezer indicator?
  6. odds trading system!
  7. henry liu forex calendar?

Unlike market orders, they are not executed immediately. They are executed as soon as a market hits a price level of a pending order. Buy limit orders are always placed below current price, and as soon as a market hits a price level of the order, BUY order is opened at the given price. Sell limit orders work exactly opposite, and are always placed above current price.

For example, if you are trading a currency pair and you believe that the bullish market will go through a correction and then continue in the bullish trend again, you could place a buy limit order that will be executed when the price decreases and reaches a certain level below current price. On the other hand, if you expect a downswing, you may place a sell limit order which will get executed at the specified price level above current price.

These orders have no effect on your account margin unless or until the orders are executed.

How To Place Your FIRST Forex Trade - (A BEGINNERS guide to Market / Limit / Stop orders)

Slippage: Limit pending orders should be a subject to neutral or positive slippage. Stop forex orders are pending orders speculating on a continuation of current market move. Like the limit orders, stop orders are executed as soon as a market hits a price level of a stop pending order.

How to Place Pending Forex Order | Finance - Zacks

Stop pending entry orders are usually used in the breakout forex strategies. Buy stop pending orders are always placed above current price. As soon as a market hits a price level of a buy stop pending order, the buy order is opened at the given price. Sell stop pending orders are always placed below current price. Slippage: Stop pending orders should be a subject to neutral or negative slippage. This is because stop-loss orders limit the losses that a trader can make on any one trade. This type of orders prevents margin closeouts and is automatically triggered whenever a trade has registered unrealized pending losses amounting to a pre-determined sum by setting the Stop-Loss at a certain price level.

Stop losses automatically close a position and prevent further losses. Stop-Loss orders are nothing more than the stop pending orders used for trade exits. Careers at FNB. What would you like to do?

Please select

Start new application. Retrieve existing application.

Entry Orders

Please select. Need help with the process? Daily Banking. Switch to FNB Do it now! PC Demos. How to order forex online.

What would you like to do?

STEP 1: Enter your username and password on www. Complete the details and select Continue. If you are purchasing Foreign Notes you will be required to select your preferred denominations, i. STEP Select your preferred delivery option and then complete the delivery details in the fields provided and select Continue.