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A position can be opened in several ways:
- From the menu options Tools > New Order
- By pressing the F9 key on your keyboard
- By double-clicking a currency pair in your Market Watch window.
- By right-clicking the Trade Terminal window and choosing New Order
The Order Form / Deal Ticket window appears and you can open a position or place an order.
The order window will ask you to select a security symbol (Symbol), specify the number of lots (Volume), set up an optional Stop Loss (Stop Loss), set up an optional Take Profit (Take Profit), and select your order type (Instant Execution or Pending Order).
You can then either click the Sell or Buy button to execute your order.
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Take a closer look
The Enable Maximum Deviation from Quoted Price enables or disables the use of deviation. Most of our trades are executed within a few seconds. However there are times that the markets can move quite dramatically. The amount the market price moves between the time you click and the execution of your quote is called deviation. If the deviation is below or equal to the specified parameter, the order will be executed at the new price without any additional notifying. Otherwise you will receive a new price confirmation window through which you can execute your order.
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