Making a trade
Click on the TRADE button and the trade ticket will appear.
Trade ticket column
Now all you need to do is adjust your trade size and decide if you wish to buy or sell. Live prices will continue to update until you click the buy or sell button.
You can choose the trade size by either using the up or down arrow or by typing in the size manually.
At the same time as placing your trade you can set the level at which you wish your mandatory stop loss and limit order (if you want one) to be.
Remember, stop losses* are automatically allocated to every open trade, but you can specify the level yourself at the time of opening a trade.
* Stop losses are not guaranteed and are subject to slippage. If you wish to have the certainty of having your stop loss price guaranteed, you can place a Guaranteed Stop Order order by ticking the “GUARANTEED” box on the ticket. Please note that GSLs attract a premium which is charged at the time the order is placed. The premium is not refundable if the Guaranteed Stop Order expires or is subsequently cancelled. For further information on GSLs please refer to our Market Information Sheet.
Once you’ve clicked either the buy or sell button and your trade has been accepted you will get on screen confirmation plus confirmation by email.
If you notice any discrepancies, please contact us immediately, preferably by telephone.
Multiple trade tickets and tear-off
If you already have a trade ticket open, you can click on TRADE next to another instrument to launch another trade ticket. The second one will be launched above the previous trade ticket in the column on the right-hand side.
Multiple trade tickets
You can open as many trade tickets as you wish, but it is not possible to open more than one trade ticket in the same instrument.
You can click the tear-off icon and your trade tickets will be opened in a new window.
Closing a trade
If you decide to close a position, go to “Open Positions” and click on “Close” to the right of the position you wish to close. You will only be given one option either a buy or a sell depending on the direction of your original trade. For example, if you had a long position you would need to sell to close so only the sell button will appear when you click on ”Close”.
Close trade ticket
Alternatively, you can place a trade of the same size but of the opposite direction on the same instrument. For example, if you make a 5 CFD buy to open, you will need to make a 5 CFD sell to close.
Cherry picking which trade you want to close
If you have opened more than one trade in the same instrument, the total size will be shown with the average opening price.
For example, you initially bought 2 Australia 200 CFDs at 4795, and then another one contract at 4818, your Open Positions would look like this:
Each open position has a “+” symbol next to it. Click on the symbol and it will reveal each individual trade. This allows you to close your trades in any order you like.
If you do not cherry pick when closing your positions, the closing trades will work on a first in first out basis.
In the above example, if you subsequently sold 1 Australia 200 CFD at 4814, half of your first trade would be closed and your second trade would still be open. Your Open Positions would look like this:
Cherry Pick 2
Partially closing an open position
If you wish to partially close a position, you can do this by either finding the original product that you traded and adjusting the size (which will be less than your original size) and then make a trade in the opposite direction or by clicking on the close button in Open Positions and using the down arrow to adjust your size lower. For example, you initially made a 5 CFD buy to open and then you decide you want to partially close your position to 2 CFDs. You would need to sell 3 CFDs to close this part of your position.
Close and reverse an open position
If you wish to change the direction of an open position, you can achieve this by one simple trade: find the original product that you traded, adjust the size (which will be more than your original size) and then make a trade in the opposite direction. So, using the example above, you initially made a 5 CFD buy to open and then you wish to close and reverse your position by selling 8 CFDs. By taking this action your 8 CFD sell would close the original 5 CFD buy position and instantaneously open a new 3 CFD sell position, at the same price.