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Question about placing orders at the start of market open (on sunday/monday)
Jun 27, 2015 at 07:35
730 Views
9 Replies
forex_trader_240856
Member Since Apr 08, 2015
8 posts
Jun 27, 2015 at 07:35
I'm guessing there is going to be an instant drop in the Euro due to the referendum?
How does it work with brokers and placing orders at the very start. Is it possible to place orders before the market opens and the broker places the order as soon as they can, is that leaving your fate to how fast the broker can execute the trade? What are peoples opinions on this?
Is it worth scalping the first few minutes?
Thanks if anyone can help
How does it work with brokers and placing orders at the very start. Is it possible to place orders before the market opens and the broker places the order as soon as they can, is that leaving your fate to how fast the broker can execute the trade? What are peoples opinions on this?
Is it worth scalping the first few minutes?
Thanks if anyone can help
Member Since Nov 21, 2011
1601 posts
Jun 27, 2015 at 10:10
Q1) No
Q2) No
Q3) No
Q4) No
You are dreaming... wake up.
Q2) No
Q3) No
Q4) No
You are dreaming... wake up.
forex_trader_240856
Member Since Apr 08, 2015
8 posts
Jun 28, 2015 at 06:52
Thankyou for your wonderful answers, now somebody?
forex_trader_186239
Member Since Apr 15, 2014
224 posts
Jun 28, 2015 at 08:51
Check Oanda broker. They had off market placing if I remember well
Member Since Jul 26, 2013
8 posts
Jun 28, 2015 at 10:59
The market doesn't open and go down. It just opens down. Assuming you're right and the Euro does go down (don't forget what happened on Tuesday, was it? when a resolution looked likely and the Euro tanked), and everyone knows this, who's going to be your counterpart in the sell? Even if you find a broker that allows off-market placing, it's not going to be much use if the broker can't find someone to match your trade to.
forex_trader_259213
Member Since Jun 26, 2015
2 posts
Jun 29, 2015 at 06:46
Greek only represents the 2% of Euro GDP, so the real thing is that only the rumors are the one that will rock the crosses, not the real value of the euro so it will turn to the 1.1 range, i will wait for the low volumes to make a decision just after the big banks take their gains from the little ones
forex_trader_240856
Member Since Apr 08, 2015
8 posts
Jun 29, 2015 at 09:50
What a day!
forex_trader_240856
Member Since Apr 08, 2015
8 posts
Jun 29, 2015 at 09:50
Thanks for your help Danneskjold guys :)
Member Since Oct 11, 2013
769 posts
Jul 14, 2015 at 03:24
Danneskjold has given the best answer. When there is a gap in the market, it is because there is no counterpart at those levels. Basically nobody wants to buy from the sellers, because maybe the price is to high or sell to the buyers, because maybe the price is too low for them, meaning there is no one to match your order at those levels and the price gaps up or down. Your broker will execute your order as soon as there is a counterpart.
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