What is the Advanced Dealing Rates Window?
After opening the platform, the first thing that you see are red and blue flashing rates. This is the Advanced Dealing Rates Window.
- Here you can see quote boxes with information on specific currency pairs, as defined by the symbol abbreviation at the top of the box. Directly to the right of the symbol is the time the exchange rate last changed.
- Each symbol quote box contains both a buy (or ask) and sell (or bid). When a price flashes red, it represents a downward movement. When a price flashes blue, it means a rate has just moved higher. Press on the “Buy” price to place a long trade. Press on the “Sell” price to enter a short trade.
- The difference between the price at which you can buy a pair and the price at which you can sell a pair is the spread. The spread can be seen already calculated in the middle of the quote box, right underneath the symbol.
- Below the Spread you can see the Pip Cost for the for a preselected trade amount (found at the bottom of the quote box). The pip cost is the amount you gain or lose for every pip movement in that currency pair.
- To the left and right of the pip cost is the Rollover. Rollover is the interest paid or earned for holding a position overnight (past 5p.m EST). Each currency has an interest rate associated with it, and because forex is traded in pairs, every trade also involves two different interest rates. RollS is the Rollover received per 10k if you sell the currency pair and RollB is the rollover received per 10k if you buy the currency pair.
- At the very bottom of the quote box you can select a trade size for One Click Trading. This will be set to the base unit size of your account by default. You can only change the trade size here if you are using One Click Trading.