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Order Types
Key Features
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The FX Trading Station gives traders the ability to make 5 different types of orders: |
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| Close Order |
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| You can easily close your position using the Close Order. To make a close order, select the position you want to close in the Summary window, and then click on the Close button at the top of the Trading Station. |
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| A Close Position(s) box will appear where you can select how much you want to close in this order. Choose the amount you want to close in the Amount (K) field, and click OK to confirm. If you select less than the total amount you currently have open in that position, then only that amount of the position will be closed out, on a first-in first-out basis. If you close more than the outstanding amount in your trade, your entire trade will be closed, and the excess amount will be opened in the opposite direction. |
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| Closing Positions Directly From the Summary Window |
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| If you prefer, you can close positions directly from the Summary Window. Each trade in the Summary Window has a Close column that shows you the current market price at which you can exit the trade. In the case of a Long position, the Close Sell column will be used. For Short positions, the Close Buy column is used. |
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| To close your position, simply click directly on the appropiate Close column for that specific trade. The Close Position(s) box will appear and you can confirm your order. |
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| Closing Positions in One-Click Trading Mode |
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| To close positions with one click, you must be in either One-Click or Double Click Trading Mode. Click on the appropriate Close column for your position, as described in the instructions for Closing Positions Directly From the Summary Window above. This will close out all open positions in that currency pair. There will be no confirmation window. |
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