Placing your first trade

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.