A nam order block is a market order for a forex pair that is not enabled for market execution. This type of order is useful for traders who wish to make larger trades than the current market price allows. By using a Nam Order Block, traders are able to save on transaction costs by ensuring that their entire transaction is executed at the same price. With its ability to reduce transaction costs, this type of market order is ideal for those who wish to trade in large amounts.
Nam Order Blocks (NOBs) are an important tool for forex traders. NOBs help to identify strong, short-term moves in a currency pair and indicate at what price a trader is ready to execute a trade. They also give traders an edge on potential entries and exits in the forex market. The formation of NOBs requires a combination of charting, technical analysis, and market behavior analysis to identify potential levels of support and resistance. NOBs can be used to great effect for traders looking to find entry and exit points that maximize their trader’s advantage.