Order execution speed and some other important points.

When working on a virtual exchange, there are a lot of nuances that some traders do not pay attention to, while others, on the contrary, overemphasize them.

An incorrect approach leads to the fact that a trader chooses the wrong broker or pays more, losing probable profits.

Additional trading conditions include such indicators as the speed of order execution, their activation and the minimum size of stop orders.

The speed of order execution usually ranges from 0.5 to 5 seconds; this indicator is especially important when using scalping, since a delay in execution of even a couple of seconds leads to the loss of several points of profit. And when scalping, every point earned is important.

When trading on longer intervals, this factor no longer plays such a role because the total profit is calculated in tens and sometimes hundreds of points.

It should be noted that the speed of order execution may vary even from one broker to another. depending on the type of account. Orders are executed most quickly on ECN accounts .

Triggering orders - brokers usually use two options for triggering orders: when touched (more rare), or only if the price has stayed at a given level for some time.

Because of the latter, it often happens that when prices jump, the take profit , the trader makes claims to the broker, in response, he offers to read the trading conditions more carefully.

This point is quite important, so stop orders should be calculated taking into account the fact that the price is guaranteed to reach this level.

For example, you should not set a take profit directly at an important level, since the price may only touch it and start moving in the opposite direction. Minimum size of stops - you probably often had to face a refusal when trying to set a stop loss closer than 10 points to the existing price.

As a rule, this is due to the way your broker’s terminal operates; in most cases, it is simply impossible to set a stop loss closer than 10-15 points. This point also applies to trailing stop ; usually it is set no closer than 15 points to the current price.

If your strategy requires smaller stops, you can use accounts with five-digit quotes. This will give you the opportunity to get 1.5 standard points closer to the price.