Understanding The Online Platform

• 1.0 Trading Screen
• 2.0 Pricing Panel
• 3.0 Account Summary Panel
• 4.0 Information Panel
• 5.0 Watchlists

How Do I?

• 6.0 Log In
• 7.0 Place Trades
• 8.0 Place Orders
• 9.0 Search for a Market

Back to page: Online Trading Software Help Guide

7.0 How To Place Trades

How To Trade Online Software Guide: Using the Deal Panel

You can place trades and linked orders through the deal panel. The deal panel displays the deal ticket which by default is inactive. This stops you from accidentally placing bets.

 

Example:

Market: UK 100 Rolling Cash
Action: Sell
Stake: £1

The ticket can be activated by clicking on the description of that market, its price or the deal button.This populates the deal ticket with the current market price. The ticket needs to be completed by the user in order to place a trade.

 

Currency Trading Selection

A bet may be placed in various currencies. The currencies that your bet may be placed in is available by clicking on the Currency drop down menu and selecting a currency.

In this case, we chose GBP.

Once a currency is selected, the deal ticket is deactivated for a second. This is to stop any accidental clicking of the buy/sell buttons.

 

Enter a stake

The stake must be entered in the stake field. In this case: 1.

Click the "Buy" or the "Sell" button. In this case: Sell.

You will receive a notification to inform you that your trade is being processed.



Once the instruction has been confirmed you will receive a confirmation message



Click "OK" to accept the confirmation.

The trade will be displayed as a position in the positions tab in the Account Summary panel.




The trade details can also be viewed in the "Trade History" tab.



The "Ref ID" tracks the trade from start to finish. Using the "Ref ID", we can track when the trade was placed and the details of the trade.

 

 

7.1 Attaching Linked Orders To Trades

Using the deal ticket to trade.

Example:

Market: UK 100 Rolling Cash
Action: Buy
Stake: £1
Limit: 6280
Stop: 6220

The deal ticket allows you to place linked stop and limit orders at the point of trade by entering your price levels in the boxes provided.

To activate the deal panel, click on either the product description, bid price, offer price or the deal button. Notice that the deal panel has been activated with the details of the trade

Select the currency you want to trade. In this case: GBP

Enter the stake. In this case: 1.

Enter the linked limit level and stop level. In this case: 6280 and 6220 respectively.

Click either the "Buy" or the "Sell" button to send the trade instruction. In this case, we click "Buy".

When the instruction has been confirmed you will receive a confirmation message, including confirmation of the trade and the two linked orders.

Click "OK" to accept the confirmation.

The trade will be displayed as a position in the positions tab. You can click on the Detail button to view your attached Stop and Limit orders.

The linked Stop and Limit orders associated with the trade will be displayed in the "Active Orders" tab.

The "Order History" tab will display the trade and the Stop and Limit orders attached to it (the Limit and Stop columns).

The "Trade History" tab will show the confirmed trade.

7.2 Placing Force Open Trades

 

Example:

You have an existing long position of £1 UK 100 Rolling Cash bet bought at 6249.5.

You wish to place an opposite trade without closing out your position.

Market: UK 100 Rolling Cash
Action: Sell
Stake: £1

To activate the deal panel, click on either the product description, bid price, offer price or the deal button. Notice that the deal panel has been activated with the details of the trade.

Select the currency to trade. In this case: GBP.

Enter the stake. In this case: 1.

Click the force open check box.

Click the "Buy" or the "Sell" button to send the instruction. In this case:Sell.

A notification will show whilst your order is being processed.

Once the trade instruction has been confirmed, you will receive a confirmation message.

Click "OK" to accept the confirmation about your currency trading deal.

The force open sell will then update the positions tab to show a new net position. Notice that the stake is £0.00 as the positions are netted off against each other.

Click the "Detail" button to see the two trades that make up the net position. Notice that you have two equal and opposite positions.

The new force open trade will be displayed in the Order History tab. Notice, the "Effect" column states the trade is an "Open" trade.

The "Trade History" tab will also show the trade as an "Open" trade.

 

7.3 Closing Force Open Trades

 

It is not possible to close a force open trade as a net position. To close a force open position, you must close both sides of the trade individually, by using the "Close" button.