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  #292  
Old Sep 1, 2009 12:57pm
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Taken from the Dukascopy web site FAQ--What is a "Place BID/OFFER" type of order?
These types of orders allow users to act as liquidity providers by placing individual bids and offers right into the market. Bids/Offers are very similar to limit orders and used to buy or sell a currency at a specified price or better. But in addition to limit orders, Bids/Offers have several advantages. As all Bids/Offers are placed directly in the market, they can be taken by other liquidity consumers, thus allowing a trader to avoid a spread cost. The required margin for Bids/Offers is reserved instantly when the order is accepted, what means, less time is needed to process the execution. Bids/Offers also have a higher priority over limit orders placed at the same price. Additionally, users can specify the time period (Good Till Canceled / Good For / Good Till) allowed for the system to work the order. All together, these features make Bids/Offers valuable tools for intraday trading.


Taken from the book " Master The Markets" by Tom Williams...."
Sudden movements away from the cash price are usually caused by the activities of the specialists or
market-makers. These professionals are trading their own accounts and can see both sides of the market
(i.e. the buy and sell orders). If syndicates are in the process of selling or buying large blocks of shares,
they know these large transactions will have an immediate effect on the market, so they will also trade the
futures and option contracts in order to offset or lower risk. This is why the future often seems to move
before the cash."
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  #975  
Old Jun 8, 2011 8:41am
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Well, I am still in therapy using puppets after Al Gore said he invented the internet.

Just a little kidding!

Thank you to Dark Star and many others for opening my eyes to how I view the market now.

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