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The prices on the FX Trading Station are not indications
of where the market is trading, but actual prices at which a trader can
buy or sell the currency pair. With two clicks of the mouse, FXCM clients
can execute a trade at the screen price. There are several systems in the
market that make a distinction between indicative quotes and executable
Although such systems show two-way prices, the client must
request a quote to find out what price the trade can be executed. The FX
Trading Station is superior, because it takes the mystery out of the price
the client can enter or exit a trade.
The FX Trading Station provides quick order entry and instantaneous
execution. There are multiple ways to initiate market orders, including
hitting an express “Buy” button, or clicking the BUY/SELL price of a specific
currency pair. Even under the most chaotic market conditions, orders are
processed and filled within seconds. All market orders are complete fills
and market orders are always executed at the quoted price. Once an order
is filled, the order is displayed in the open position window immediately.
This window displays the price of the fill, and the real-time profit/loss
on the position in both pip and dollar terms. In addition, stops and limits
can be placed directly on the position.