The main screen appears
after the trader logs into the online trading platform. All vital
information about the trader’s account is visible on the main
screen, including active orders, open positions, and available
Live quotes in 17
currency pair appear in the Dealing Rates window. Traders are able
to execute trades directly from the displayed quotes. To place a
market order, the trader clicks with the left mouse button on
desired rate. If the trader believes that the exchange rate will
become greater, then the trader would click on the BUY exchange rate
located to the right of the SELL exchange rate. On the other hand,
the trader can click on the SELL exchange rate in expectation of the
rate moving lower. In foreign exchange, there are no restrictions on
Trader is about
to place an order to buy euros at the exchange rate of
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
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 and Limit Orders 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.
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
To close a position, the trader
clicks with the left mouse button on the exchange rate under the
Close column in the Open Positions Window. The Close Position Window
will appear giving the trader the opportunity to a close part or the
entire position. After the trader clicks on OK, the information in
Open Positions window will be modified.
Trader is taking a profit on the
100,000 Euro position by selling at 0.8645 and making $700.00 on the
Vital information including account
equity, balance, and usable margin is displayed in Account
Information window. All information is updated in real-time based on
the market exchange rates, enabling the trader to quickly and
accurately assess the status of the account.
After taking profits, the
(account) Balance and Usable Margin increase. The Used Margin
Without proper risk management, this high degree of leverage can
lead to large losses as well as gains.