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Risk Warning
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Market Order
After a trader clicks with the left mouse button on an exchange rate, the
Market Order box appears. The trader specifies the size of trade, inputting
the currency pair, whether to BUY or Sell, and the number of dollars. The
trader must maintain $1,000 in margin for every increment of 100,000.
For example, if the trader has 500,000 in open positions, the trader would
have $5,000 in used margin. The trader can send the order for execution
by pressing OK or can CANCEL the order.
Trader has input the amount of trade, 100,000, which is 100,000 euros.
Within seconds, a confirmation of the execution will appear in the
Open Positions Window. Each open position has a unique ticket number and
appears on a separate line. Detailed information is displayed on each position,
including up to the second P/L in terms of pips.. Traders can place through
the Open Positions Window Stop/Loss andLimit on each individual position.
To place a Stop/Loss or limit order, the traders click with left mouse
button on the box that appears under the Stop or Limit columns.
Trader has received confirmation
that the order to buy 100,000 euros at 0.8575 has been executed.
Stop/Limit
A Stop/Limit box will appear. The trader will then set the desired rate
for Stop/Loss or Limit/Orders. Once the market hits the limit exchange
rate or moves through the Stop-Loss exchange rate, the position will be
closed. If the trader has set both a Stop/Loss and Limit Order on a position,
the execution of one of the orders will cancel the other order.
Trader is placing a stop-loss order
at 0.8500 and limit order at 0.8600 on the 100,000 euro position.
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