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Replies to #4485 on FOREX TRADERS
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Capitalist

10/04/06 12:17 AM

#4486 RE: ElderWolf #4485

I've noticed that even terminology differs from broker to broker. I assume it's because the market's not really regulated, so there's a lot less standardization.

An example: I was a licensed securities broker at one time, and I know what "limit" and "stop" orders mean in the securities markets, but FOREX brokers seem to almost make it up as they go along. I put in a limit order with OANDA once and they treated it like a stop order. I had to experiment with their system for a while to figure out how each type of order worked.