Order Execution and Trading

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What is slippage, and how does it affect my trades?

Slippage occurs when the execution price differs from the expected price. It can result from fast market movements and can impact trade outcomes.

Are there any restrictions on scalping or high-frequency trading?

MYFX Markets does not impose restrictions on trading strategies, including scalping or high-frequency trading.

What is the difference between a market order and a pending order?

A market order executes immediately at the current market price, while a pending order is set to execute when the price reaches a specific level.

How can I set up stop-loss and take-profit orders?

You can set these orders when opening a trade or modify existing positions in the trading platform.

How do I place a trade?

Log in to your trading platform, choose an asset, specify the trade size, and decide whether to buy (go long) or sell (go short).

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