To trade using the Click-Trade module, select the relevant instrument in the Instruments module and drag it to the Click-Trade panel.
To perform a trade, select its Duration, i.e. the period during which your offer to sell or buy instruments will remain valid (Day – good till the end of the trading day, or GTC – good till cancelled, IOC - immediate or cancel, FOK - fill or kill). Then specify the quantity of instruments you want to buy in the Quantity field.
Now you can use the following ClickTrade functions to buy or sell instruments: Join Bid, Sell Market, Sell Bid, Join Offer, Buy Market, Buy Offer. Of these, the following two buttons create Market Orders:
Buy Market — buys at the current Ask Price; even if the price has started growing and only some of the instruments have been sold at the old price, the remaining instruments will be bought at any price (a lower or higher price that is the current market price at the time when the order is closed). The Current Orders module shows the average buy price in the Average Price column.
Sell Market — sells at the current Bid Price; even if the price has started falling and only some of the instruments have been sold at the old price, the remaining instruments will be sold at the bid price (a lower or higher price that is the current market price at the time when the order is closed). The Current Orders module shows the average sale price in the Average Price column.
The remaining buttons create Limit Orders:
Join Bid — creates a limit order for the purchase of the specified quantity of instruments at the Bid Price current at the time when the order is created. For example, if the current bid price is 1.3797, but has increased as soon as you clicked Join Bid, the order will be filled only when the relevant instruments are offered for sale at the price of 1.3797 or lower.
Sell Bid — creates a limit order for the sale of the specified quantity of instruments at the Bid Price. For example, if the current bid price is 1.3797, but has decreased as soon as you clicked Sell Bid, the order will be filled only when there are buyers seeking to buy the relevant instruments at the price of 1.3797 or higher.
Join Offer — creates a limit order for the sale of the specified quantity of instruments at the Ask price. For example, if the current ask price is 1.3797, but has decreased as soon as you clicked Join Offer, the order will be filled only when there are buyers seeking to buy the relevant instruments at the price of 1.3797 or higher.
Buy Offer — creates a limit order for the purchase of the specified quantity of instruments at the Ask Price current at the time when the order is created. For example, if the current ask price is 1.3797, but has increased as soon as you clicked Buy Offer, the instruments will be bought only when they are offered for the price of 1.3797 or lower.
This module also allows placing clever Take Profit / Stop Loss orders from the lower panel of the section. After entering the quantity of assets you want to buy or sell, specify the type of your order: you can choose a specific price, the desired price change in absolute values or in pips. If you choose pips, please make sure you enter integers.
As soon as an order is created, you can see it in the Current Orders module. Once an order has been filled successfully, a notification appears in the bottom right part of the screen; corresponded trade appears in Trade Blotter; position changes in Account Summary.