System Messages

This forum is for members of the Apiary Investment Fund. To learn more about how to get involved, sign up now or fill out the form below and preview the training right now!

Buy orders

Back to Forums

Buy orders

Hi everyone! I'm new here and just started playing with Alveo and trading. I have a question with a couple of my BUY orders. As I'm watching the charts, I place an order to BUY at a certain price, but it is Filled at a higher price. Why?

Fri, 11/20/2015 - 10:14am


with forex there is a "buy" and an "ask" price. When you place a "buy" trade you are filled at the Ask price and when you sell, you are filled at the Buy price. The difference between the 2 prices is called the spread, which is what you pay to trade, in addition to the commission. that is why whenever you open a trade you are already down the spread.

Moreover, when you exit the trade, you have to cover the spread again. for example in a Buy trade the trade does close till the bid price reaches your profit target and in a sell trade the trade not close till the ask price reaches your profit target.

There is also slippage which could slip you a couple, or a lot, of pips depending on the volatility.

Hope that helps,



Thanks Allen, yes that helps. I was looking at the figures backwards.