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Trading Commodities, Commodity Options and Currencies (Collection) by Carley Garner, Paul Brittain

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9. Order Types and Choosing a Currency Trading Platform

There is more to profitable currency trading than correctly speculating on the direction of price movement. In fact, I often remind beginning traders of the tremendous difference between being right and making money in the markets. For instance, if traders aren’t prepared to properly act on their research and intuition, it is easy to let an opportunity pass them by. For this reason, it is imperative that you completely understand the mechanics, logistics, and terminology involved in executing your ideas. Unfortunately, I’ve witnessed too many novice traders make the fatal mistake of not being completely familiar with the trading platform and software they are using to enter orders—or even ...

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