Jason Rogers
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Here's a video we put together visually explaining how FXCM's NDD forex execution works:
Price Improvements: What are they? How they work? and
A price improvement means that your order was filled at a better price than requested (positive slippage). There are 3 times during which price improvements will be most noticeable during trading: weekend gaps, news trading, and scalping. Every order can receive a Price Improvement. This includes market, entry, limit and stop orders. However, FXCM recommends that traders use limit entry orders to open positions and limit orders to close positions because these order types can only receive your requested price or better.
We've put together 3 short videos with examples of price improvements during each of the 3 times I mentioned above.
Weekend Gaps
http://www.youtube.com/watch?v=fN2zniJYWKA
News Trading
http://www.youtube.com/watch?v=LZYNSnP0ZWY
Scalping
http://www.youtube.com/watch?v=wpcQ7YMGVxo
* All Price Improvements are contingent upon available liquidity at execution.