Executing Trades

The trading activity in the platform implies forming and sending market and pending orders to be executed by a broker, as well as managing current positions by modifying or closing them. In the platform, you can review your account trading history, configure alerts of market events and much more.



Opening Positions

Opening of a position or entering the market is the primary purchase or sale of a certain amount of a financial instrument. In the trading platform, this can be done by placing a market order, as a result of which a deal is executed. A position can also be opened as a result of a triggered pending order.



General order parameters:

  • Symbol — The financial instrument to perform a deal for.
  • Type — If one of the execution mode is selected in this field, a market operation is executed for the selected instrument. Otherwise a pending order of the selected type is placed.
  • Volume — The volume of an order in lots. The greater the volume of a deal, the greater is its potential profit or loss, depending on where the symbol price will go. The deal volume also affects the margin reserved on the trading account for the position.
  • Stop Loss — The Stop Loss level as a price or in the number of points from the price specified in order, depending on the platform settings. The level is set to limit the position loss. If you leave the null value in this field, this type of order will not be set.
  • Take Profit — The Take Profit level as a price or in the number of points from the price specified in order, depending on the platform settings. The level is set to lock in profits of the position. If you leave the null value in this field, this type of order will not be set.


Types of Orders

The trading platform allows to prepare and issue requests for the broker to execute trading operations. In addition, the platform allows to control and manage open positions. Several types of trading orders are used for these purposes. An order is a trader's instruction to the broker to perform a trade operation. In the platform, orders are divided into two main types: market and pending. In addition, there are special Stop Loss and Take Profit orders.



Market Order

A market order is an instruction given to a brokerage company to buy or sell a financial instrument. Execution of this order results in the execution of a deal. The price at which the deal is executed is determined by the type of execution that depends on the symbol type. Generally, a security is bought at the Ask price and sold at the Bid price.



Pending Order

A pending order is the trader's instruction to a brokerage company to buy or sell a security in future under pre-defined conditions. The following types of pending orders are available:

  • Buy Limit — A trade request to buy at the Ask price that is equal to or less than that specified in the order. The current price level is higher than the value specified in the order. Usually this order is placed in anticipation of that the security price will fall to a certain level and then will increase;
  • Buy Stop — A trade order to buy at the "Ask" price equal to or greater than the one specified in the order. The current price level is lower than the value specified in the order. Usually this order is placed in the anticipation that the price will reach a certain level and will continue to grow;
  • Sell Limit — A trade order to sell at the "Bid" price equal to or greater than the one specified in the order. The current price level is lower than the value specified in the order. Usually this order is placed in anticipation of that the security price will increase to a certain level and will fall then;
  • Sell Stop — A trade order to sell at the "Bid" price equal to or less than the one specified in the order. The current price level is higher than the value in the order. Usually this order is placed in anticipation of that the security price will reach a certain level and will keep on falling.
  • Buy Stop Limit — This type is the combination of the first two types, being a stop order to place a Buy Limit order. As soon as the future Ask price reaches the stop-level indicated in the order (the Price field), a Buy Limit order will be placed at the level, specified in Stop Limit price field. A stop level is set above the current Ask price, while Stop Limit price is set below the stop level.
  • Sell Stop Limit — This order is a stop order to place a Sell Limit order. As soon as the future Bid price reaches the stop-level indicated in the order (the Price field), a Sell Limit order will be placed at the level, specified in Stop Limit price field. A stop level is set below the current Bid price, while Stop Limit price is set above the stop level.
  • Market Watch — This window provides an overview of price data of financial instruments: quotes, price statistics and tick chart. It also provides details of contract specifications and One Click Trading options


Prices in the "Market Watch" window have different colors:

The current price is higher than the previous one

Blue

The current price is lower than the previous one

Red

The price has not changed for the last 15 seconds

Gray



One Click Trading

Trade execution speed is very important in financial trading. Traders strive to enter the market on time to catch the opportunity to profit. Trading robots can be used for high-frequency trading. However some traders still prefer to trade manually. The platform features special tools for carrying out various trading operations with just one mouse click.