Once the order window is open you must make choices from a list of options within it:

  1. What to trade
    • This is denoted by Symbol with a list of currency pairs appearing in the drop-down list. The active chart will automatically be set to a symbol but change this to what you want and the related tick chart on the left will also change.
  2. How much to trade
    • This is denoted by Lot size which is equivalent to the amount of volume you which to buy or sell. 1 Lot (Standard) equals to 100,000 units that is equivalent to $10 per pip movement 0.1 Lot (Mini) equals to 10,000 units that is equivalent to $1 per pip movement 0.01 Lot (Micro) equals to 1,000 units that is equivalent to 10 cents per pip movement.
  3. Choose trading limits
    • This is denoted by the Stop Loss and Take Profit fields that you set depending on your view of how trades will proceed.
  4. Choose the type of order
    • In the Type field this is either Market Execution (a market order) or Pending Order where you can hold off until the entry price suits you. Depending on your preferred trade direction you then choose “Sell by Market” or “Buy by Market” – when either has been selected the trade is instantly executed.

To monitor your open orders click on the Trade tab in the Terminal window.

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