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Trade

Trades signify the execution of buy or sell orders for currency pairs. Each trade involves the exchange of currencies at agreed-upon exchange rates between buyers and sellers.

Trades are integral to price discovery and liquidity provision in FX markets, facilitating efficient capital allocation. Specifically in FX, certain order types, like Fill or Kill (FoK) orders, add further nuance to trading dynamics. FoK orders require immediate execution of the entire order or cancellation ("killing") if immediate execution is not possible. This order type is particularly beneficial for FX traders seeking instant execution without the risk of partial fills.

Traders employ various order types and strategies tailored to FX markets to navigate market conditions and achieve their trading goals, highlighting the dynamic nature of FX trading activities.