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The CFX
Trading software allows the placement of market orders, stop
orders to close, stop orders to initiate a new position, limit
orders to close, and limit orders to initiate a new position.
Placing a
Market Order
To place a
trade at the indicated prices, just click on that price. In
the example pictured below, you would click on .8827 if you wanted
to buy EURUSD at .8827. If you had wanted to sell EURUSD,
you would have clicked on .8823. Once you click on .8827,
the confirmation box pictured below will appear. You can
then indicate the size of the transaction in lots (1 lot is
approximately 10,000 units of the base currency). Click
"OK" when you are ready to place the trade.
Placing a
Stop or Limit to Initiate a New Position
If you
want to initiate a new position with a stop or limit, just right-click
on the buy price or sell price. You will then see the pop-up
menu pictured below. The below example is for buying EURUSD.
If you
wanted to buy only if EURUSD trades higher, then you would select
"Entry Stop" (pictured above) and then input your
desired price and transaction size in lots in the second pop-up
menu, as pictured below.
If had you
wanted to buy EURUSD at a better price if it trades lower, you
would have selected "Entry Limit" and input your desired
price and transaction size in lots.
Closing
Positions
Positions
are closed only when specifically instruct the system to do
so. Otherwise a new position will appear, even if it is in
the same currency in the opposite direction (a "hedge").
To close a position, right-click on that position in the
"Open Positions" window. Then select
"Stop" to place a stop order that will close the
position if filled; "Limit" to place a limit order that
will close the position if filled, or "Close position"
to immediately close the position at current market prices.
CFX
is available at all times to provide assistance with using our
software. Furthermore, 24 hour telephone trading is
available to all Live trading clients. Click
Here for a free demo account.
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