my argument is that if you place a buy limit order at a higher price, it is the same as a market order.
why would you place a buy limit at a higher price? you can just buy straightaway with market order.
if bid and ask it at 50.01 and 50.05 respectively, it is not possible to enter a buy limit order at a higher price than the ask, buy limit order...
if you sell at a higher price than the current price, then there is no guarantee your order will be executed, who will buy from you, since...
induce others like how?
you still don't get it, I also have this question when I started started.
It works like an auctions system, everybody submit the price they want...
let me explain in a simple sentence,
if there are more selling than buying, the price move down because the sellers are lowering the price to try...
I go for TDameritrade... excellent software, reasonable low commission.
they are just collecting huge fees to help you loss.
yes, they sometimes hedge your trade on the real market and need liquidity to do that at the right price. but I don't see a reason why you need...
but the bucket shops should clearly state that they are pocketing the loss, not deceiving new traders to make them think they are real broker.
Saxobank,,, Very big broker, exellent trading software, minimum deposit is $2000...
Real stock trading and futures trading are also available
Most fx brokers are doing it and they are not charged.
which country do you live in?
I had the same problem with marketwatch.com. It takes forever to load
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