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1) Chose a trading instrument (currency pair) from the market watch window on which you want to open a position
3)
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1)
Symbol: The
symbol of the currency pair you want to trade with.
2)Volume: the
size of the contract in lots.
3)Stop loss:
The price on which the forex trader would like to have
the position closed to avoid further losses.
4)Take profit:
The price on which the forex trader would like to
have the position closed to cash his profits.
5)Order type:
It allows the forex broker to choose between instant
execution of the order with the current market price or a pending order
where
the trader would specify a price at which he wishes an order to be
executed.
6)Buy: When
clicked, a buy order will be executed and a long
position will be opened.
7)Sell: When clicked, a sell order will be executed and a short position will be opened.
B) Monitoring
and controlling orders:
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1) Trade tap (marked in purple): It allows forex traders to monitor open positions and the profit/loss they made on them. To close a certain position, double click the order, chose the instant execution type of order, and click the close button. On the other hand, to modify the stop-loss and/or take profit values, choose modify order from order type and change the values.
2) Account history tap (marked in red): Allows you to see closed positions made in the past as well as deposits and withdrawals made in your account.
3) The news tap (marked in green): allows the Forex trader to keep track of the latest news through newswire fed into the platform by the Forex broker.