Summary

  1. Orders to open
  2. Finding your market
  3. Configuring your order
  4. Confirmation ticket
  5. Amending an order

 

Orders to Open

An order to open allows you to nominate a market level at which you would like a trade to open.

For example, by viewing technical chart data, you may want to wait for the market to reach a potential resistance level before opening a spread bet to sell. See below for how to place an order to open.

FINDING YOUR MARKET

Find the market on which you would like to trade, then click the 'Order' button.

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CONFIGURING YOUR ORDER

Here you can choose whether the order will be to sell or buy, select the market level you would like the trade to open, nominate your stake size and decide whether the order will be 'Good 'Til Cancelled' or good until a specified date and time.

You can also add a stop or limit if you wish and you can guarantee that stop. Hit 'Submit request' to place your order.

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CONFIRMATION TICKET

Next you will be shown a ticket confirming your order including any stop or limit orders attached to the order and whether any stop is guaranteed.

You will also be given an order ID. Hit 'OK' to continue.

If triggered the order will now open a position at the next available price.

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AMENDING AN ORDER

To amend an order to open, click on 'Orders' towards the bottom of the left-hand menu, then click on 'Edit' next to the order you wish to amend. You can then change the details in the order ticket as per step 2. To cancel an order hit the red 'Delete' button next to the 'Edit' button.

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How to Place a Stop Loss or Limit Order?

Placing a stop loss or limit order with Spreadex is an essential risk management tool that can help you maximize your profits and minimize your losses. Our comprehensive guide covers how to place stop losses and limit orders when executing your trades.

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