|Welcome to currency trading with Profiforex!
|To open a position is to buy or sell the selected volume of a particular financial instrument being traded.Position can be opened either by the execution of a market order or by the automatic triggering of a pending order.|
|There are several ways to open a position using a market order: To execute the "Tools — New Order" menu command, press the "New Order" button of the "Standard" toolbar,press F9, or double-click on the symbol name in the "Market Watch" window.
You can also execute the "New Order" context menu command of the "Market Watch" window and "Terminal — Trade" window.
|The "Order" window will then open. This window is used to manage trade positions.|
Here we fill in the following fields:
|- "Symbol ": Select a financial instrument for which the position is to be opened;|
|- "Volume": In this field we specify the trade volume (amount of lots);|
| - "Stop Loss": This field is used to set the Stop Loss level;
- the "Maximum deviation" field specifies the value of the maximum permissible deviation in pips.
|Once all the necessary data is specified, you can press the "Sell" or "Buy" button.
|If the Stop Loss or Take Profit level is too close to the current price at the opening of a position,the message "Invalid Stop Loss or Take Profit" will appear.|
|It's then necessary to shift levels from the current price and resend the request for placing the order.
| In open positions you can modify only Stop Loss and Take Profit levels.
|To place the order in points from the current price, set the desired value in the "Level" field and press the "Copy as" button. "If the values of these fields are zero, the minimum permissible deviation set by the broker is used.