From analysis to execution describes the practical bridge between identifying an opportunity and placing the order.
Forex Academy
A forex trading workflow is the repeatable sequence of steps from market analysis through execution and review.
An order book is a real-time list of buy and sell orders at various price levels, showing market depth.
A liquidity provider is a financial institution that supplies the buy and sell quotes brokers use to fill orders.
Positive vs negative slippage describes the two possible directions a trade’s fill price can differ from the request.
Slippage in forex trading occurs across every execution model, though its frequency differs by order type and conditions.
A requote is a broker’s rejection of an order’s requested price, offering a new price instead due to market movement.
Instant execution attempts to fill a forex trade at the exact requested price, rejecting with a requote if unavailable.
Market execution fills a forex order at the best currently available price, prioritizing speed over exact price.
Forex trading execution speed is the time it takes from submitting an order to that order being filled.