The following is a short extract from the course "How To Trade The Futures Market", please click here Trade Futures Course for full details on how to obtain the full text, futures trading simulator along with sample data and bonus trading ebooks package.

Find: Order limit 6432 filled buy orders fill market first slippage.

With a limit order you specify the worst fill price, so with a limit order there is no slippage. The main disadvantage to using limit orders is that there is no guarantee that they will be filled. So if I have a limit order to buy 1 FTSE contract at 6432 and the market trades at 6432 (but no lower), I may not get a fill. This could happen if, for example, my buy order was entered after a 10 lot order to buy at 6432, so for my order to be filled 11 lots would need to trade at 6432. The market operates on a first come first serve basis. As it is important to avoid slippage and to avoid paying the spread (the difference between the bid and the offer) limit orders are the best orders to use for entering a position. At times you won't get filled and you will miss a trading opportunity, but the cost advantages are significant.

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How To Trade The Futures Market

For full details about this detailed course, which includes a futures trading simulator software package complete with some sample trading data, and free trading ebook package please click here Futures Trading Course

If you are more interested in trading the eminis you need to review these emini - e-mini trading courses