Questions Currency | iCommunity ICICIdirect

Currency

Community User Posted on 01:08pm 11-Sep-2021

I am not able to trade in currency.

Currency

Community User Posted on 04:25pm 16-Mar-2021

What is the significance of stop loss trigger price in currency future?

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ICICIdirect Executive On behalf of Mr. Ramesh Varakhedkar (Head - Commodity and Currency, ICICIdirect): Stop Loss Trigger Price is used when investor wants to place Stop Loss Order. And the Stop Loss Order is used as a tool to limit the maximum loss on a position.

A Stop loss order allows the investor to place an order which gets activated only when the market price of the relevant security reaches or crosses a threshold price specified by the investor in the form of Stop Loss Trigger Price . When a stop loss trigger price (SLTP) is specified in a limit order, the order becomes one which is conditional on the market price of the security crossing the specified SLTP. The order remains passive (i.e. not eligible for execution) till the condition is satisfied. Once the last traded price of the security reaches or surpasses the SLTP, the order becomes activated (i.e. eligible for execution by being taken up in the matching process of the exchange) and then on behaves like a normal limit order.
09:13pm 16-Mar-2021

Currency

Community User Posted on 09:36pm 15-Feb-2021

On Currency expiry day if Future/Option contract was not squared off, what will be implications on the contract.

Is any penalty levied?. For some option currency expiry contracts on expiry day at 12.30noon price was 0.0025. Instead of buying this contract, if I leave it as open what are the consequences? Please advise. Thanks in advance

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