Market Execution (market execution of orders).

Trading on the exchange involves two types of order execution: market and instant. Market Execution is in no way inferior to Instant Execution, despite the assurances of some forex brokers.

Market Execution (market execution of orders) – implies that the placed order will be executed at the current market price, which may differ from the order price by a set deviation amount.

The execution speed when using this system is usually between 0.5 and 2 seconds, depending on the capabilities of your internet connection and broker.

Benefits of market execution of orders.

The main advantage of this order-transfer method is the reduced number of requotes (order refusals). Typically, when a trend is moving quickly, your order simply doesn't have time to be executed at the quoted price, and you receive a rejection with a request to open an order at a new price.

Using market execution, traders can immediately set the acceptable deviation, which will allow the order to be opened even when quotes change.

Typically, this parameter is set between 1 and 5 points, depending on the rate of price change and the strategy used. Setting the tolerance allows for virtually zero requotes, which is sometimes more important than a few points of discrepancy.

This method has virtually no drawbacks; if desired, you can simply leave the acceptable deviation unspecified or set it to zero.

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Market execution of orders involves opening new positions based on market prices, but thanks to flexible settings, you can trade using it just like with Instant Execution. In fact, this is just a formality that does not play a decisive role in Forex trading.