Question about placing orders at the start of market open (on sunday/monday)

forex_trader_240856

Tham gia từ Apr 08, 2015 8bài viết

Jun 27, 2015 at 07:35

Tham gia từ Apr 08, 2015 8bài viết

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

CrazyTrader

Tham gia từ Nov 21, 2011 1718bài viết

Jun 27, 2015 at 10:10

Tham gia từ Nov 21, 2011 1718bài viết

Q1) No
Q2) No
Q3) No
Q4) No

You are dreaming... wake up.

saintdev

Tham gia từ May 21, 2015 5bài viết

Jun 28, 2015 at 06:44

Tham gia từ May 21, 2015 5bài viết

a big scam in century..

Live your life, take no regrets!

forex_trader_240856

Tham gia từ Apr 08, 2015 8bài viết

Jun 28, 2015 at 06:52

Tham gia từ Apr 08, 2015 8bài viết

Thankyou for your wonderful answers, now somebody?

forex_trader_186239

Tham gia từ Apr 15, 2014 224bài viết

Jun 28, 2015 at 08:51

Tham gia từ Apr 15, 2014 224bài viết

Check Oanda broker. They had off market placing if I remember well

Danneskjold

Tham gia từ Jul 26, 2013 8bài viết

Jun 28, 2015 at 10:59

Tham gia từ Jul 26, 2013 8bài viết

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

Tham gia từ Jun 26, 2015 2bài viết

Jun 29, 2015 at 06:46

Tham gia từ Jun 26, 2015 2bài viết

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

Tham gia từ Apr 08, 2015 8bài viết

Jun 29, 2015 at 09:50

Tham gia từ Apr 08, 2015 8bài viết

What a day!

forex_trader_240856

Tham gia từ Apr 08, 2015 8bài viết

Jun 29, 2015 at 09:50

Tham gia từ Apr 08, 2015 8bài viết

Thanks for your help Danneskjold guys :)

alexforex007

Tham gia từ Oct 11, 2013 775bài viết

Jul 14, 2015 at 03:24

Tham gia từ Oct 11, 2013 775bài viết

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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