*Japanese Firm price
Forex dealing
 
Firm price


In the OTC market, all the market participants have to quote the price with the bid rate and the ask rate if they are required to show. There are two types of prices, so, the firm price and the indication only. Without any problem in credit line, the price quoters have to accept the counterparty's intention to sell or buy just at the firm price.
 
Terms in Trading

Ask*|* Bid*|* Day order*|* Done*|* Either*|* Firm price*|* Given*|* GTC*|* Hit*|* If done*|* Join*|* Limit order*|* Line full*|* Mine*|* My Risk*|* Nothing done*|* OCO*|* OFF*|* Offer*|* Paid*|* Pay*|* Pips*|* Point*|* Single order*|* Stop loss orders*|* Take the offer*|* Taken*|* Your Risk*|* Yours*|*

 

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