9-16 to 9-19-2013 Forex Trading Journal | Forex
Information | Currency | Markets | Fx | Video | Assets | Lesson | Trading
Comments
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Thanks Brian! The reason I have been doing market orders is because of the bid ask spread and speed. If the market breaks above the signal bar before I can set my stop order or I hesitate,I enter at the market. As long as it isn't further than a pip from my planned entry price. I used to enter a lot on limit orders but I am trying to get away from that as It guarantees losers but will miss some winners.You are right though, stop orders are better because they faster than a manual market order.
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I've been looking at your past videos.Awesome chart work,hats off to you on your journal Mike.One thing I do avoid is Market orders,in the past I was always given a price I wasn't happy with,I stick with stops and in some cases limit orders.You will have this down to a science soon,see you at Big Mikes.Have a good weekend.