User's guide

Trading

A market order is a user’s command to buy or to sell a financial instrument (for example currency pair) at the current price. This transaction leads to a position opening.

To perform a Market order with a currency pair, the user must access the dialog box titled “Market deal”. This window can be opened in several different ways.

• via the information window “Market watch,” double click on the line of the desired currency pair;
• via the “Chart” context menu, right click on the line of the desired currency pair;
• via the "Make deal" context menu, click on the line of the desired currency pair;
• via the “Trade” branch of main menu – “Make deal” function (in this case, user needs to select the needed currency pair further in the dialog).

In “Make deal” window the user will see the name of currency pair and the two prices: ASK and BID, for buying and selling.

To perform a transaction the user needs to set:

• the volume of the transaction in base currency.
• the lock mode (mark the “Lock” field)
• a Take-profit price – mark the Take-profit field and enter the price in the field.
• a Stop-loss price – mark the Stop-loss field and enter the price in the field.
• the mode of "Trailing Stop distance" - mark the Trailing Stop distance field and enter the distance in the field.
• the mode of transaction to be performed (selecting the “By any price” field) with the allowed “Deviation” from suggested price or by any available price (if “Any” field marked instead of “Deviation)

After setting these conditions, the user should press the “SELL” or “BUY” button. The trade window will be blocked until a reply is received from the server. A sell will be performed based on the ASK price and a buy will be based on the BID price.

The result of the operation will be shown in a special information message window “Success.” The window will contain the following information:

• the name of financial instrument;
• the number of operation (SIN sever identification number);
• the currency volume of the transaction;
• the volume of the second currency of the pair.

By selecting the appropriate boxes, the user may decide to activate and use the following, “Lock”, orders “Take-profit” and “Stop-loss”, “By any price” mode. However, these actions are not required to start a Market order.

Take-profit and Stop-loss orders are linked to the current market order, have equal volume and can exist only as long as the position is open. The user can modify or remove these orders at a later date. When the price of financial instrument hits the level written in one of these orders the appropriate order will be performed and position will be closed by server.

The take-profit order’s price is set higher then BUY price and lower then SELL price. Stop-loss order is a limit pending order.

The stop-loss order’s price is set lower then BUY price and higher then SELL price. Stop-loss is a pending stop order.

The user may not set orders (and Trailing Stop distance) too close to the price of the market order and the market (BID or ASK accordingly). The minimum possible range is set by the server for each financial instrument. This range will usually be the same as the spread.

Occasionally, due to rapid market changes or very bad internet connection, the user may receive a message “The price has changed.” In this case, the user can give an order to perform a transaction based on an allowable variation from the suggested price, or by any available price.