How do I place an order?

If you want to open a trade at a price different to the one currently being quoted, you can set an order. Bring up the market you want to trade and click ‘order’. You then need to fill in the trade ticket with the following information:

Buy or sell: The direction of your trade.

Price level: The price at which you want the order to become active. If you enter a better price level than the current quote (a lower buy order or higher sell) it is a take-profit order. If you enter a worse price level (higher buy order or lower sell) it is a stop-loss order. Both types of order will become active when tastyfx’s quote reaches your price level (the bid price for sell orders or the ask price for buy orders). Once active, a take-profit order will only be filled at your requested level or better, but a stop-loss order may be slipped to a worse price, depending on market conditions.

Size: The value you are looking to trade.

Unattached stop: (Optional) If the order is filled, a new stop-loss order will be created which can be used to protect you from adverse price moves. Note that this new order is unconnected to the original order and so could either close an existing position or open a new position depending on the state of your account at the time it is triggered. You should enter the number of pips away you want the new stop-loss order created.

Unattached limit: (Optional) If the order is filled, a new take-profit order will be placed, which can be used as a take-profit tool. Note that this new order is unconnected to the original order and so could either close an existing position or open a new position depending on the state of your account at the time it is triggered. You should enter the number of pips away you want the new take-profit order created.