Order execution is an important process in Forex trading. Simply put, order execution is the price at which you buy a certain currency. There are two types of execution: Market and Instant. In the first case, you tell the broker that you are ready to buy at the current price. In the second case, you want to buy only at the specified price or better. Let’s look at these types in more detail.

market vs. Instant Execution: What are their differences?

Instant Execution  is a method of execution when orders are executed only at the price declared by the trader or are not executed at all due to sharp price changes during the order placement process. The order will not be opened/closed without the consent of the trader for a particular price. In other words, requotes can happen. Traders for whom it is important that the order is filled exactly at the set price usually prefer this type of execution.

Market Execution  is an execution method in which orders are opened at the current market price. Features guaranteed performance. Orders are opened at current market prices in any case. During times of high market volatility, slippage can occur. This means that the order will be executed in any case at the price in force on the market at the time of execution. The price can be either higher or lower than indicated. Market Execution is chosen by traders who care about entering the market.

To make it clearer how each method works, let’s consider the mechanism for executing transactions using the following example: a trader wants to buy EUR/USD and opens a buy order. During the processing of the application, the price may change – decrease or, conversely, rise. With Instant Execution, the broker sends a requote (repeated request) with new quotes. After that, the trader needs to decide whether he wants to buy the currency at this price or not. With Market Execution, the transaction is concluded immediately at the changed price without the confirmation of the trader.

To make trading pleasant and comfortable, Justforex offers its clients market execution of orders (Market Execution). This type of execution gives the trader the opportunity to control the trading process and make decisions exactly at the right moment, when every second counts and delay has a too high price.