Open a New Position (Market Order)
If you have only one trading account, this account will be selected automatically; otherwise, select the one that you want to trade from in the Information bar.
There are the following opportunities to create an order:
- Press “Sell” or “Buy” buttons on the Trading Panel;
- Left-click on the Sell or Buy Price value of the instrument in Market Rate Window;
- Right-click on the instrument in Market Rate or Instrument Information Window and choose “Sell” or “Buy” from the pull-down menu;
- Right-click on Chart and choose “Sell” or “Buy” from the pull-down menu;
After doing one of these actions the “New Position” window box will appear:
Enter the order amount in lots into the “Amount” field, choose the order’s direction and enter trader range value, then press “Ok” to submit the order.
Note:The Trader Range is your tolerance to price change. It is a range (in pips) from your original order price within which you would still be willing to place the order. If the market price changes while you are placing an order, you will receive the following notification message offering you to accept new price or remove order within a certain time period.
If the new price is within the Trader Range, then the order will automatically go through at the new price. If the market shifts while you are placing an order, the dealer may reject your order and offer you a new market price. If the dealer’s new price is within the Trader Range, the order will automatically go through at the dealer’s new price.
Note:Once you press “Ok” your order will be sent out for execution.
Note:See the ‘Set Stop/Limit and Trailing Stop Orders'.
Upon confirmation, a new position will be opened and will appear in the Open Positions window.