How do I open a position?

If a market is open then you can trade at the current quoted price. Search or click on the market you wish to trade in the platform, and select the ‘trade’ tab in the trade ticket. You then need to specify the following:

Buy or sell: The direction of your trade.

Size: The value you are looking to trade.

Stop-loss: Your stop-loss if the market moves against you, ie the level you’d like your trade to close at, specified either as a point distance or the amount you’re prepared to risk. Bear in mind that your position may be closed out at a worse level if the market moves suddenly.

Limit: Your take-profit level. See ‘what’s the difference between stop-loss and take-profit orders?’ for more information.