A gap in the market can occur in a heavy increase in the market after a news release or even between the close and re-opening of the market, which could have a significant impact on the execution of a pending order. Clients should be educated of the risks associated with market volatility, especially near an important release [...]
Rollover time is around the New York closing time (17:00 EST).
Hedging is when you have long and short positions in the same instrument open simultaneously. If you’re fully hedged, you will have long and short positions open in equal volumes. Having hedged positions will reduce your total margin requirement. For fully hedged positions no margin will be required. In case the market moves against your positions [...]
A re-quote occurs when you request to execute an order at a specific price that is no longer available and you will be offered a new quote that you will need to accept in order to place the trade. Note that this can happen during fast-moving markets.
A take profit order is used to lock in profits if the market moves in your favour. If the price reaches a take profit level, the position will be closed automatically. Take profit orders are useful when you are unavailable to monitor your open positions. If you take a long (buy) position your take profit level [...]
Stop loss orders help you to minimise losses in the event the market moves against you. If the price reaches a stop loss level, the position will be closed automatically on the next available market price. You can add a stop loss in the New Order window when you place a market or pending order. If [...]
On CMG MT4, one standard "PIP" is the fourth decimal place for most currency pairs in the market (or second decimal places for JPY pairs).
Slippage can occur when orders are filled away from the desired price due to gaps in the market. This can sometimes happen because market prices can be very volatile or liquidity can be thin. In these scenarios, orders cannot always be filled at the exact price, but at the next available price.
If you want to place a pending order, please open the "Order" window in one of the following ways: Right click on the Market Watch window or on the Trade tab of the terminal window and select New Order; or Double-click on the currency pair in the Market Watch window; or Click on the button New Order [...]
A BUY/SELL stop order is an instruction to deal if the price moves to a less favourable level than where it is in the market at the moment (note: It is less favourable to buy at higher prices and to sell at lower prices). A stop order is a request to buy at a price higher [...]