Oftentimes you want to buy or sell but only if the market reaches a certain price. With an entry order, you can define any price you like in the order details. Watch to learn how.
An entry order can be created from the Rates tab. Tap on an instrument to activate it, and then tap Entry. Unlike a market order, an entry order waits for the market price to reach the entry price before submitting. It's an order of convenience, lessening the amount you have to spend monitoring market prices. Enter your trade size here. Select Buy or Sell, and then designate the entry price. By default, your order will be good until you cancel it, GTC. If you prefer that the order only remains good until the end of the trading day, which is 5 p.m. in New York, select Day. Stops and limits can be added at this time too. Once your order details are specified, select Create Entry Order.