Differences

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

--- forex [2017/03/02 15:40] – [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 ====
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 For more information, see Investopedia's [[http://www.investopedia.com/terms/c/currencypair.asp|Currency Pair Definition]] page.
 ==== Order Types ====
   * Limit Buy/Sell→ShortSell
-  * Limit-On-Close (LOC) Buy/Sell→ShortSell
   * Market Buy/Sell→ShortSell
-  * Market-On-Close (MOC) Buy/Sell→ShortSell
+  * Pegged Buy/Sell→ShortSell
 ==== Basic Market Rules ====
-  * Lot Size: min. 25,000 shares.
+  * Lot Size: min. 100,000 shares.
   * Tick Size: varies by currency pair.
   * Short Sale Rules: short selling is allowed, and no mark or locates are required for shorting.
@@ Line 33: / Line 29: @@
   * 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.
 ==== See Also ====
   * [[market_guides|Market Guides]]