Liquidity provider of Morning Markets
The liquidity providers of MorningMarkets include Bank of America,Commerzbank Deutschland,Nomura Securities,Barclays Bank,Northern European Bank of Sweden,Deutsche Bank,JPMorgan Chase Bank,Societe Generale,UBS,Goldman Sachs,Citibank,BNP Paribas,HSBC,etc.
Security of customer funds and company's own funds of Morning Markets
The customer's funds and the company's own funds are safely separated and cleared independently.The customer's accounts are strictly controlled and can only be used for normal transactions.As a member of the multinational investor compensation plan,the customer can obtain the compensation that the investor compensation plan organization will provide to the customer when the company is unable or fails to perform its financial obligations.
ECN mode
ECN is an electronic automatic capture transaction.The biggest advantage of ECN mode is fairness.The platform adopting ECN mode is only responsible for delivering customer orders,and the profit only comes from service charges.The customer orders are traded with other adversaries in a unified transaction pool,which has nothing to do with the platform,reflecting fairness and rationality.Morning Markets adopts pure ECN mode,which makes the trading environment of traders on the platform more transparent and fair,makes the trading process smoother and the transaction speed more timely.
Order type
Understanding the differences between the available order types can help traders determine which orders better meet the needs of traders,so as to select the appropriate order types to help traders achieve their trading objectives.
1.Market order：Market order refers to the execution of the order at the current market price.In other words,when a trader places a market order,it means that the foreign exchange broker is allowed to buy or sell for the trader at any current market price.Even if the trader places a market price order,the price at which the transaction is actually executed may be different from the price quoted by the trader before.The specific reasons can be found in the article "Datahui Encyclopedia:What is a slip point?How to generate it?Can it be avoided?" of Datahui Finance.Some trading platforms will allow traders to limit the maximum sliding point.If the market fluctuation has exceeded the set value,the order will be automatically cancelled.There are also some platforms that allow setting the sliding point limit,but do not implement these limits in actual operation.For example,the buying price of EUR/USD is 1.0745 and the selling price is 1.0746.If you want to buy EUR/USD in the market,you can buy it at 1.0746.The biggest advantage of the market price order is that it is almost completed instantaneously,so the order is guaranteed to be executed in foreign exchange transactions.
2.Listing-(Limit and Stop Order):A limit order refers to an order that is bought and sold at a specified price or a better price.That is to say,when the market is at or below a certain price level,set up a swear bill.Set the sales order when the market is at or above a certain price.For example,the current quotation of EUR/USD is 1.0745/1.0746.Traders can set a Buy Limit Order or Sell Limit Order.If traders want to sell their existing positions when the price reaches 1.0760,they can set the selling price as 1.0760;If a trader wants to build a position when the price reaches 1.0730,he can set the buying price to 1.0730.The limit order allows traders to flexibly define the entry point and exit point of the transaction.However,it should be noted that the price limit order does not guarantee the traders to build and close their positions,because if the specified price conditions are not met,the traders' orders will not be executed.For example,traders intend to buy EUR/USD at 1.0745 and set a 30-point tracking stop.This means that at the beginning,the traders' stop loss level was 1.0715.If the price fell to 1.0730,the stop loss level would become 1.0700.As long as the price changes in the same direction as the traders' judgment,or even if the direction is opposite to the traders' judgment,but does not reach 30 points,the order will always be valid.Once the price reaches the tracking stop loss position,the stop loss order will be automatically triggered,and the position will be automatically closed.
There are six types of registration on MT5:
When the market price is equal to or less than the specified price of the order,it is important to note that the current market price must be higher than the order price.Usually,this order is expected to fall to a certain price and then rise.
Example:Assume that the current market purchase price AUDUSD=0.74302.We predict that it will fall to 0.74002 and then rise.We submit a purchase limit order with a price of 0.74002 at 0.74302.If the transaction price of AUDUSD drops to 0.74002 at this time,the purchase limit order will be automatically closed.
A transaction request to buy when the market price is equal to or greater than the specified price in the order.It should be noted that the current market price is lower than the order price.Usually,this order is expected to reach a certain price and then continue to rise.
Example:Assuming that the current buying price of AUDUSD=0.74302 in the market,we predict that it will continue to rise if it can rise to 0.74602.We submit a buying limit order with a price of 0.74602 at 0.74302.If the transaction price of AUDUSD increases by 0.74602 at this time,the buying limit order will be automatically closed.
Sell the transaction request when the market price is equal to or greater than the specified price in the order.Please note that the current market price is lower than the order price.Usually this order is the expected market price
Up to a certain price and then down.
Example:Assume that AUDUSD=0.74302 is sold in the current market,and we predict that it will fall if it can rise to 0.74602.We submit a sell limit order with a price of 0.74602 at 0.74302.If the transaction price of AUDUSD rises by 0.74602 at this time,the buy limit order will be automatically closed.
Sell the transaction request when the market price is equal to or less than the specified price in the order.Note that the current market price is higher than the order price.Usually,this order is expected to continue to decline if the market price falls to a certain level.
Example:Assume that AUDUSD=0.74302 is sold in the current market,and we predict that it will continue to fall if it can fall to 0.74002.We submit a sell limit order with a price of 0.74002 at 0.74302.If the transaction price of AUDUSD rises by 0.74002 at this time,the sell limit order will be automatically closed.
This type combines the first two types.It is predicted that if the market price rises to the first specified price,it will fall, but at the same time it will rise when it falls to the second specified price.It is to use the break order to place the buy order. When the future market price reaches the breakout price (price field) indicated by the order,a back-stepping purchase order will be placed at the price specified in the order breakout back-stepping field. The set breakout price will be higher than the current purchase price,while the set back-stepping selling price will be lower than the breakout price.
Example:Assuming the current market purchase price AUDUSD=0.74308,we predict that if it can rise to 0.74313,it will fall,but if it falls to 0.74309,it will rise.Then set a registration form;If the price level reaches 0.74313,a listing will be activated,and once the price level reaches 0.74309,you will buy.
3、Trailing Stop Order
Tracking stop loss can also be called moving up loss,tracking the direction of price change beneficial to traders,and maintaining the initial price difference between the stop loss price and the current price.It follows the latest price and sets a certain number of stops.As long as the price fluctuates in the direction of profit,the order is always valid.Once the price reverses to a certain extent,the stops will trigger and close the position.Tracking stop loss is a very good trading tool,especially in the case of large price fluctuations,which can ensure profits.
For example,traders intend to buy EUR/USD at 1.0745 and set a 30-point tracking stop.This means that at the beginning,the traders' stop loss level was 1.0715.If the price fell to 1.0730,the stop loss level would become 1.0700.
As long as the price changes in the same direction as the traders' judgment,or even if the direction is opposite to the traders' judgment,but does not reach 30 points,the order will always be valid.Once the price reaches the tracking stop loss position,the stop loss order will be automatically triggered,and the position will be automatically closed.
