Ironfx is Market making Broker see this Document Yesterday GOLD - TopicsExpress

Ironfx is Market making Broker see this Document Yesterday GOLD pending order Buy limit at 1278 and market down 1277.30.....??? This problem Answer by Ironfx.... To MeAlokesh Bhattacharya [IronFX Global]IronFX Dealing May 12 at 9:31 PM Dear Client, Thank you for your email. Please note that the price appearing on the charts is the bid price. As you probably be aware of, a sell order is opened with the bid price and closed with the ask price. Therefore your Buy Limit order will be activated when the ask price is reached. The spread needs to be added on the bid price in order to find the ask price. As a result the ask price was higher than the Buy Limit order price and that is the reason why your Buy Limit order was not activated. If you need further assistance, please do not hesitate to contact us again. Now see this screen shot

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