Learn to Trade Forex – 23. Advanced Trader : Trading Interface | Swissquote

Learn to Trade Forex – 23. Advanced Trader : Trading Interface | Swissquote


Advanced Trader enables easy trading for
any style of trader. This brief video shows your options. Once you decide to
open a position, there are three different methods: using the trading box,
placing an order, or trading directly from the chart. In the following, we’ll
look at how each option works. For spot trades, the most common method is to use
the trading box. Simply select your trade size and execute the trade immediately
at market price. Here is the order confirmation. When you have lead time, you
can use the place order menu or in this case right click the order list to open
the order window. Fill in the order window carefully, including whether the
order should be good till cancelled or good for the day, which cancels the order
late in the evening Central European Time. One advantage of using this order
form is that the contingent or attached orders suggests themselves, enabling you
to protect your profits and your account value. Let’s place a trailing stop order
to ring as much profit out of a winning position as possible. Advanced Trader offers many ways to
connect orders: please look into our auto type separately. The third and last way
to open a position is perhaps the most intuitive. In the charts top toolbar, turn
on prices so they are shown in the chart as lines. To trade, simply right-click on
the chart: in this case, however, I won’t open a new position. Instead, let’s see
how I close an existing position from the chart. By right-clicking on the
position, I can close it at market price, or by placing a closing order. Note that
this menu also allows me to create or modify related orders. Here again is the
order confirmation. All these options and more are available
on Advanced Trader. You can familiarize yourself with Advanced Trader by
downloading a demo account now!

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