Market Not Held Orders
Market not held orders are market orders placed by traders which allow the floor trader or broker to execute the order at his desired price and time. Market not held orders are practiced widely in international equities trading and commodity trading. They give the brokers the discretion to take appropriate decisions, and they are ‘Not Held’ responsible for the result of their decisions.
Market not held orders are practiced by traders 1) when they are very confident about their brokers, 2) when they lack adequate market and price evaluating tools, 3) when the prices are expected to rise, and 4) when they place large-sized orders. Although the basic idea is to get best possible execution utilizing the broker’s knowledge, market on held orders does not guarantee any profits.
Most brokers and floor traders execute market not held orders manually rather than electronically to get the best desired price. So the process can take time. Often most brokers hold the orders unexecuted when the price if falling. Market not held orders favors beginner traders who face dilemma in taking good decisions and who lack the knowledge of evaluating results and doing technical analysis. They are not so favorable to experienced traders having access to market data and technical analysis tools and who quickly respond to market changes.
NobleTrading.com Offers Online Stock Trading, Online Options Trading
Online Futures Trading, Online Forex Trading
Worldwide Brokerage Service, Day Trading Brokerage
Market not held orders are practiced by traders 1) when they are very confident about their brokers, 2) when they lack adequate market and price evaluating tools, 3) when the prices are expected to rise, and 4) when they place large-sized orders. Although the basic idea is to get best possible execution utilizing the broker’s knowledge, market on held orders does not guarantee any profits.
Most brokers and floor traders execute market not held orders manually rather than electronically to get the best desired price. So the process can take time. Often most brokers hold the orders unexecuted when the price if falling. Market not held orders favors beginner traders who face dilemma in taking good decisions and who lack the knowledge of evaluating results and doing technical analysis. They are not so favorable to experienced traders having access to market data and technical analysis tools and who quickly respond to market changes.
NobleTrading.com Offers Online Stock Trading, Online Options Trading
Online Futures Trading, Online Forex Trading
Worldwide Brokerage Service, Day Trading Brokerage
posted by NobleTrading at
10:02 AM
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