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Quick Trade Guide for CFDs

CFD Quick Trade Ticket ODE

  1. By default this will be your main account. If you have additional subaccounts in other currencies, you can choose specific subaccount where you want to book your trade.
  2. Instrument (GER30.I) - dispalys the instrument that you wish to trade.
  3. Search icon - allows you to search for and select from our extensive range of instruments. Your selection will update the Trade Ticket to display the instrument that you wish to trade.
  4. Type - Select the order type that you wish to use to enter a position:
    • Quick Trade orders for immediate execution, with or without a Price Tolerance.
    • Resting Limit, Market and Stop orders for longer durations i.e Day Order, Good Til. Cancelled etc).
  5. Quantity - The quantity that you wish to trade. When Price Tolerance is ON and you are trading large amounts we provide partial fills, meaning that if we can’t fill your entire order, we’ll fill you at the maximum amount available.
  6. SELL/BUY Prices - click Buy or Sell to place a Market Order. Adding Price Tolerance will convert you order to a “Limit IOC” order that ensures that your order is only executed within a range that you are comfortable accepting (see Edit Price Tolerance). 

CFD Trade Ticket with Tolerance

  1. Edit Price Tolerance - price tolerance enables you to define the minimum price (when selling) or maximum price (when buying) that you are comfortable accepting (i.e. a Limit Order) when entering a position. Price tolerance can be specified in Ticks or Percent (i.e. 0.01%). E.g. If Germany 30 is trading at 10,516.82 / 10,518.82 and you add Price Tolerance of 0.01%. The maximum price that you will pay to sell is 10,515.77 (10,516.82 – 0.01%), and the maximum price that you will pay to buy is 10,519.87 (10,518.82 + 0.01%).
  2. Remove Price Tolerance - allows you to remove the option of adding Price Tolerance. This changes the Quick Trade order from a Limit Order back to a Market Order.
  3. Add Take Profit/ Stop Loss - add a related Stop Loss and/or a Take Profit order to your order.
  4. Value Date - for a continuously traded CFD, this will display the Spot Date (Value Date).
  5. Nominal Value - displays the “leveraged market exposure” of the order and is calculated as Bid/Ask Price x Number of contracts.
  6. Margin Impact - this displays how much of your available margin will be used for the selected notional amount that you wish to trade.

CFD Trade Ticket Price Tolerance default value

  1. ON/OFF - Enable (On) or Disable (Off) price tolerance.
  2. TICKS - set your tolerance in Ticks terms, in increments of 1 Tick.
  3. PERCENT - Set your tolerance in percentage terms, in increments of 0.01 percent (1/100th of 1 percent or 1 basis point.
  4. Price - shows you the bid/ask volume weighted average price (VWAP).
  5. Order Type -  Clearly labels your order as Limit order.
  6. Duration -  I.O.C means Immediate or Cancel. All Quick Trade orders for Indices and Expiring CFDs have an I.O.C. duration.

Published on 2016 11 11