The answer to whether you should use a market order or a pending order depends on the situation. For instance, if you know you won’t be around to execute a position, a pending order is probably the way to go.
On the other hand, if you’re at your computer when a setup is confirmed, there’s nothing wrong with using a simple market order to enter long or short.
With that said, the type of order you use also depends on your style of trading.
I know of some traders who are flat out opposed to market orders because they feel there’s too much that can go wrong when entering at market such as slippage which we’ll cover momentarily.
Daily Price Action
Daily Price Action 43836 Laburnum Sq Ashburn, Virginia 20147 United States (240) 778-3679
We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.
Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at email@example.com
Follow us on twitter @newsbeatportal
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535
Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.