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DapperDude
DapperDude Jan 03, 17 12:04 PM

@snowangel If you placed a market order at the same time, you would buy at whatever price is available until all your shares are filled. If you ordered 1,000 shares you would get the first 500 at 1.02 and the rest at a higher price. If the next seller was 200 shares at 1.05 and then 300 shares at 1.15, you would buy those up as well. It's risky because unless there are a lot of shares available at the price you want, you may get in at a much higher level than anticipated. As more sell orders ge

DapperDude
DapperDude Jan 03, 17 12:04 PM

@snowangel As more sell orders get placed at $1 in the split second after you place your order, I can still get filled at @ $1.

snowangel
snowangel Jan 03, 17 12:54 PM

@DapperDude Thank you for your response. I guess it is what you are willing to pay for a share. If you want a fixed price you choose a limit order. If you are a little flexible to put in a Market order.

DapperDude
DapperDude Jan 03, 17 1:07 PM

@snowangel It's my pleasure. =) Well like I said above, you can place a limit order much higher than your desired entry and essentially have the same benefit of a market order without the risk of an order getting processed way too high. Trading is a game of managing risk, which cannot be done with open-ended orders. In my example you can place a limit order of 1.25 and still get processed almost immediately without the slight chance of getting filled at $2 or even more.

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Received 6 Karmas
AngelTrades
AngelTrades Jul 01, 17 8:47 PM

@AnneMarita oh I got it fixed! got to be able to open one with 3k. Thanks for looking out for me! (:

AngelTrades
AngelTrades Jul 01, 17 8:48 PM

The guy I talked originally was not the most competent. Lol

AnneMarita
AnneMarita Jul 01, 17 9:33 PM

I am very happy to hear that everything got straightened out. I was just communicating with a new challenge member who also was given completely wrong information. I have also told everyone to ask about their promotions. First two months of my trading I saved $300 in fees because of a promotion. It's not that important, but nice for someone just starting. Good luck with your Journey.

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NastyDestroyer
1
NastyDestroyer Jan 02, 17 8:59 PM

good luck Ale! Study hard, thats what Im doing

alealvarez
alealvarez Jan 02, 17 9:03 PM

Thanks Nasty, that's my mission. I'm here because I love challenges. Easy things just get me bored!

DapperDude
DapperDude Jan 03, 17 10:10 AM

I would encourage paper trading first, even with trading experience. That being said, my most accurate month was my first month after first learning to trade FOREX on a demo account. Good Luck! =)

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Received 7 Karmas
NickE
NickE Jan 03, 17 6:51 AM

Thanks Bob! Looking forward to a great year.

DapperDude
DapperDude Jan 03, 17 10:13 AM

You are part of the reason I look at the SPY DIA and Oil and Gold charts at the beginning of every trading day. It helps give me a better overall picture. Keep up the good work!

Turbobob
Turbobob Jan 03, 17 10:30 AM

Those are always good things to do.... Thanks for the feed back. It is appreciated.

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