Third Claim: The trader is given the trading results Forex Monarch Review in as fast as 15 minutes. This is a significant claim by this forex trading robot`s developers because with a faster updating time, you will know whether you made it to the top in terms of profit or not. Other forex trading androids take hours and hours to update themselves of the forex market flow and trading results, but this one is definitely an exception. You will find it very amusing once this claim is really experience by your own eyes.
Remember, the foreign exchange market is open 24 hours a day 5 days a week. A trade setup is just as likely to develop while you are sleeping or just stepping away from your computer for a minute to grab some coffee. Traders use various order types to ensure they catch certain market moves even if they are not in front of their monitor.
A market order is about as simple as it gets. You simply click a buy or sell button and your order is entered at the current market price minus any slippage. All things considered, a market order does not get you into the market at an ideal time – you are just blindly taking the current market price with no real entry plan in place when the order is placed.
Gut traders and anxious traders often trade with market orders because they just want to get into the market regardless of current price. Of course if price action is showing you a favorable trade is developing that you had not noticed before, a market order will get you in on the action immediately.