Opening and Closing Positions

Opening of a position, or entering the market is the primary buying or selling of a certain amount of a security. In the client terminal, this can be done by placing a market order which results in a deal. A position can also be opened when a pending order triggers.

After that, in order to gain profit from the difference of courses, it's necessary to close the position. To close a position, a trade operation contrary to the first one is executed. For example, if the first trade operation was buying one lot of GOLD, one lot of the same security must be sold to close the position.

There are several ways to call a dialog window for order creation:

• In the "Market Watch" window select a necessary security and execute the " New Order" command of the context menu.
• Press the "F9" hot key. In the order window, a symbol will be filled out according to the terminal options.
• Execute the " New Order" or " New order" command of the "Tools" menu or on the "Standard" toolbar respectively.

After the execution of one of the above actions, a window for order placing corresponding to the execution type for the selected symbol will be opened:

• Instant Execution
• Request Execution
• Market Execution
• Exchange Execution