Differences

This shows you the differences between two versions of the page.

--- forex [2017/02/08 11:36] – [Lit Order Types] maya
+++ forex [2023/09/11 15:09] (current) – hammed
@@ Line 1: / Line 1: @@
 ====== Forex (FX) ======
-The foreign exchange (Forex) market is the global decentralized marketplace for currencies, and is the world’s largest and most liquid market, with an average traded value of $1.9 trillion every day.
+The foreign exchange (Forex) market is the global decentralized marketplace for currencies. It is the world’s largest and most liquid market, with an average traded value of $1.9 trillion every day.
-**Note:** Forex is an unregulated market, therefore Limit orders may be executed at up to the limit price regardless of the Level 1 market price. The SEC has prepared an __[[http://www.daytradetheworld.com/wiki/_media/sec-forex-trading-bulletin.pdf|Investor Bulletin]]__ with information on off-exchange Forex markets that provides additional details. Remember to always exercise caution when trading.
+**Note:** Forex is an unregulated market, therefore Limit orders may be executed at up to the limit price regardless of the Level1 market price. The SEC has prepared an [[ https://www.sec.gov/investor/alerts/forextrading.pdf | Investor Bulletin ]] with information on off-exchange Forex markets that provides additional details. Remember to always exercise caution when trading.
-Trading Hours: 18:00 - 16:00 ET (22 hours)\\
-Time Zone: UTC -05:00
 ==== Pairs ====
@@ Line 18: / Line 14: @@
 For more information, see Investopedia's [[http://www.investopedia.com/terms/c/currencypair.asp|Currency Pair Definition]] page.
-==== Lit Order Types ====
-  * Limit
+==== Order Types ====
-  * Market
-  * Pegged
+  * Limit Buy/Sell→ShortSell
+  * Market Buy/Sell→ShortSell
+  * Pegged Buy/Sell→ShortSell
 ==== Basic Market Rules ====
-  * Lot Size: minimum lot size for a currency pair is 25,000
+  * Lot Size: min. 100,000 shares.
-  * Tick Size: each currency pair has its own unique tick size
+  * Tick Size: varies by currency pair.
-  * Short Sell is allowed and no mark or locates are required for shorting
+  * Short Sale Rules: short selling is allowed, and no mark or locates are required for shorting.
+  * Orders executed for less than 100,000 will not appear in TOS.
-**Notes:**
-  * Orders executed for less than 100K will not appear in TOS.
   * Aggressive orders not complying with the minimum execution size of a passive opposing order will lock the market.
-    * Minimum Execution Size: minimum quantity to be executed in order to complete the transaction
+    * Minimum Execution Size: minimum quantity to be executed in order to complete the transaction.
 ==== See Also ====
   * [[market_guides|Market Guides]]