Tag: Internal Order Block

An internal order block is a tool used by businesses to control access to internal ordering services. It enables managers to restrict the orders placed by employees, ensuring that only approved requests are submitted. An internal order block can also be used to track and review requests before they are ordered, providing an additional layer of oversight and accountability for financial transactions. By utilizing an internal order block, businesses can protect their resources, maintain order, and ensure financial integrity.

News Order

What is Internal Order Block? A Forex Trading Guide

By Benjamin Gentry
September 12, 2023

4 min read

An internal order block is a mechanism used by forex brokers to protect their clients from excessive risk. It is a preset limit on the maximum amount of outstanding positions a client can have with a given broker. This means that a client will not be able to open positions beyond a certain value, and any positions opened beyond the limit will be blocked until the aggregate position of the trader falls below the internal order block limit. Internal order blocks are a useful tool for reducing risk in foreign exchange trading and are often used by professional traders or those trading high amounts of capital.