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Million Tinkle Internationalwww.fxmillionasia.com

Under market execution mode:

1.If the market price reaches the price set by the customer (including opening a position /closing a position/pending orders/stop-loss), it will be settled at this price.
2.If the market price jumps through the price set by the customer (including opening a position /closing a position/pending orders/stop-loss), it will be settled as the latest available price.

When the market price fluctuates, there may be a difference between the final closing price and the target price, which could have a good or bad influence on customers’ transaction. Investors should know the coexistence of the risk and profit in transactions.

Opening and Closing Position in Marketing Price

Example 1: Opening a Position

Current price

Direction of the trade

Closest available price

Actual opening price

1277.84

Buy

1276.87

1276.87

Execute: Customer opens a position at current price US$ 1277.84 but market price fluctuates and the closest available price becomes US$ 1276.87. Since the customer’s direction of the trade is to “buy”, the actual opening price will be US$ 1277.84. In this case, it is more favorable for customers’ investment.

Example 2:Close a Position

Current price

Direction of the trade

Closest available price

Actual opening price

1278

Sell

1278.5

1278.5

Execute:A customer closes a position at current price US$ 1278 but the market price fluctuated and the closest available price become US$ 1278.5. Since the customer’s direction of the trade is “sell”, the actual closing price will be US$ 1278.5 In this case, it is more favorable for customers’ investment.

Stop-Loss in Position

Example 1: Buy

Current price

Buying price

Take-profit

Stop-loss

Closest available price after significant fluctuate

1277

1272

1285

1265

1262

Execute: If customer is holding a buy order, and the market has a significant fluctuation, the closest available price becomes US$ 1262US, which skips the set Stop-loss price. The Stop-loss order will be executed at US$ 1262, the closest available price.

Transaction result: Stop-loss at US$1262, the customer lost US$ 3 more than the original stop-loss.

Example 2: Sell

Current price

Selling price

Take-profit

Stop-loss

Closest available price after significant fluctuate

1277

1283

1265

1290

1292

If customer is holding a sell order, and the market has a significant fluctuation, the closest available price becomes US$ 1292, which skips the set stop-loss price. The stop-loss order will be executed at US$ 1292, the closest available price.

Transaction result: Stop-loss at US$ 1292, the customer lost US$2 more than the original stop-loss.

Pending Order

Example 1: Buy Stop

Current price

Pending price

Stop-profit

Stop-loss

the fastest closing price after gap

1277

1279

1289

1269

1280

Execute: A customer places a pending order at US$ 1279 and the market has a significant fluctuation that jump far away from the previous current price US$ 1277, the closest available price is US$ 1280. It skips the target price set by the customer and executes at the closest available price but it doesn’t reach the stop-loss/stop-profit price.

Example 2: Sell Stop

Current price

Pending price

Stop-profit

Stop-loss

the fastest closing price after gap

1277

1275

1260

1287

1270

Execute: A customer places a pending order at US$ 1275 and the market has a significant fluctuation that jump far away from the previous current price US$ 1277, the Closest available price is US$ 1270. It skips the target price set by the customer and executes at the closest available price but it doesn’t reach the stop-loss/stop-profit price.

*Since market price is changing all the time, examples mentioned above don’t demonstrate all the situations.

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