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| Order Amounts |
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murfinp
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| Post subject: Order Amounts |
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Posted: Thu 13 Dec, 2012, 10:14
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User rating: 0
Joined: Mon 03 Dec, 2012, 09:55
Posts: 30
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Hi
This is from the Wiki
"In JForex API amounts of orders are represented in millions, meaning that by submitting a long order with amount 1 and instrument EUR/USD, on full, successful fill 1 million units (i.e. 1'000'000 USD) will get bought. The minimum order amount is 1000 units (with the exception of XAG/USD and XAU/USD which have the minimum amounts 50 and 1 units (i.e. 50 and 1 ounces) respectively)"
Does a long order for EUR/USD really result in being long USD and Short EUR ...
Thanks
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API Support
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| Post subject: Re: Order Amounts |
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Posted: Thu 13 Dec, 2012, 11:57
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User rating: ∞
Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
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"a long order for EUR/USD"
we buy EUR - long
we sell USD - short
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murfinp
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| Post subject: Re: Order Amounts |
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Posted: Thu 13 Dec, 2012, 11:59
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Joined: Mon 03 Dec, 2012, 09:55
Posts: 30
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so 1,000,000 units is that 1,000,000 EUR bought or 1,000,000 USD sold
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API Support
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| Post subject: Re: Order Amounts |
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Posted: Thu 13 Dec, 2012, 12:07
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Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
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The description has been fixed, order amounts are always measured in instrument in the primary (i.e. trade) currency.
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murfinp
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| Post subject: Re: Order Amounts |
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Posted: Thu 13 Dec, 2012, 12:13
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Joined: Mon 03 Dec, 2012, 09:55
Posts: 30
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ok great .... i thought I was going crazy .... 
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API Support
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| Post subject: Re: Order Amounts |
Post rating: 0
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Posted: Thu 13 Dec, 2012, 12:15
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User rating: ∞
Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
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murfinp wrote: so 1,000,000 units is that 1,000,000 EUR bought or 1,000,000 USD sold BUY 1M EURUSD at price 1.2000 means buying 1,000,000 EUR for 1,200,000USD.
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