hi there,
quite a few people address me about the meaning of limit-on-close order.
The meaning of limit-on-close order is a type of limit order to buy or sell shares near the market close only if the closing price is trading better than the limit price. This order is an expansion of the market-on-close order, adding to it a limit condition, which places a maximum on the entry price and minimum on the selling price.
Say a trader believes that, because of increased volume, the best price he or she will receive is at the market close - the trader might then enter a market-on-close order. But if the trader does not want to face an unpredictable entry price, he or she will enter a limit-on-close order. For example, if the trader entered a buy limit-on-close order for 100 shares of ABC at $52.50 and the shares at the end of the day traded at $50, the order would be executed. If, on the other hand, the price rose to $54 right at the end of the day, the order would not be filled.
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Canadian Currency Exchange » forex option talk
clarification of some web based forex brokers terms
(4 posts)-
Posted 5 months ago #
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you should pay more attention to trade related logic like the conjecture that the RUB-SAR is expected to step in place for a while, and concentrate on processes connected to tertiary sector industry like, for instance the fact that the medical equipment imports are about to to recover and cause the RUB-SAR rates to go up, while learning howto analyze the present market layout.
Posted 5 months ago # -
apparently the conjecture that the Rouble is predicted to make slight movements vs. the Riyal for the near future began surfacing around the time that the ascension in the oil prices will affect on the Rouble rates this factor would probably account for the calmness of the RUB.
Posted 5 months ago # -
what michael2001 said
Posted 5 months ago #
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