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Execution

Execution is the filling of an order: the moment and price at which a buy or sell instruction becomes a trade. Speed and price depend on market conditions, and a fill can differ from the price on screen.

Also called: order execution, fill, trade execution

Hypothetical example

Hypothetically, you click Buy at 1.1002 and the order is executed a fraction of a second later at 1.1002 in a calm market, or at 1.1004 in a fast one.

Used in these guides

Basics8 min read
Order types: market, limit and stop orders
How market and pending orders work, when each one fills, and what can make the fill price differ from the price you set.
Platforms8 min read
Demo account: practise trading with virtual funds
A demo account lets you learn a platform and practise orders with virtual funds before you decide whether to trade with real money.

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