Please note ThinkMarkets does not provide CFD services to residents of the US.
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With ThinkTrader®, you can trade a variety of currency pairs, cryptocurrencies, indicies, energies and metals. Here we'll look at how you can place your first trade on the platform.
We’ve made placing your first trade on ThinkTrader® as efficient as possible – simply select the instrument you’d like to trade by either clicking the SELL price (if you think the price will fall), or BUY price (if you think the price will rise).
Clicking either SELL or BUY will open the order ticket to
confirm instant execution. To place a pending order, click Edit/Pending order to set price, trade size, stop-loss and target profit levels, should you wish. Once you’re happy with your selections, click “Place order” and the trade will be placed.
In the file Trades you can track and monitor all of your open trades. Within this panel you’ll be able to see:
Active and pending order tabs
The instruments you’re currently trading
Whether your order is a buy or sell order
Your floating profit and loss amount for each position
The price at which you opened your position
The current price of the instrument
Your stop loss price, if set
Your take profit price, if set
Commission and Swap details if available
To modify or close an open position, simply click and hold on the position to get all the available options. Choose “Close Position” to get out of the trade at the current market price or “Partial Close” to determine the quantity you want to exit by.
By selecting “Modify Position”, you can adjust the stop-loss and take profits levels. Through the same menu you also have the options to show the charts, close all positions or view the position details.