So I'm doing the 212 trading practice account which I opened yesterday
At 45k so far. And hopefully if I'm write I'd make another 22k from the EUR/GBP sell.
So my question is. If I was using real money on this app is it the exact same as play money where I just click buy/sell and x to cash out on what ever I'm buying/selling? Or does it take buyers / sellers to purchase at my sell/buy price
>>1352126
Bump i need an answer before i risk £1000
Yes it works the same. I'm sure using real money won't impact your risk tolerance. You will be rich very soon.
>does it take buyers / sellers to purchase at my sell/buy price
Yeah dumbass. Someone actually needs to buy from you/sell to you. What the fuck do you think happens, the market fairy just fills all your orders for you?
>>1352166
So its nothing like the app then?
Because I'm putting "sell' at peaks so when I drops I click the x button and gives me the cash. If this was real money who would actually buy for an inflated sell price?
>>1352187
It does work like that it's just the at the same time someone is buying your shit it's just that it happens so fast and there are always buyers so it seems like its a magic fairy buying your shit. At least with penny stocks. When you play with higher money you prob won't have as many buyers to make it seem so instant.
>>1352126
Limit orders are filled at your price or better. Market orders, this includes stop orders, can slip depending on volatility. This is only true for ECN brokers that give you actual access to the FX market.
>>1352194
No, there are not always buyers. Have you ever tried to sell something as it's falling? You'll be in for a nice surprise when you have to panic and hit the Market Sell button as hard as you can.