Using the new IG Trading platform, you can quickly open and close positions from multiple points: charts, watchlists, and, of course, the deal ticket itself.
You’ll find all the functionality you need to take your position on the basic deal ticket, but you can add more advanced options from the settings menu.
Read on for a guide to the deal ticket in detail.
Placing a trade
To open the deal ticket, click the name of any market you’d like to deal on. You’ll be presented with a basic deal ticket, which enables you to:
- View live buy and sell prices and the spread in points. Click ‘buy’ if you think the market will rise in value, or ‘sell’ if you think it will fall.
- Select a currency to deal in
- Check the minimum bet size for the market and enter the size of your bet per point
- Set your close conditions
- Review the margin required to open this position, together with your resulting net exposure in this market.
You’ll find more details about margin requirements and other dealing conditions by clicking the information icon in the top right corner.
If you’d like your position to close automatically when your market hits a specified level, add a stop or a limit to your spread bet. This can be in distance from the opening price, or for certain stops and limits, a level of profit or loss.
Adding a stop will close your position at a price that is less favourable than the current level. You can choose from one of three types of stop using the dropdown menu on the left.
Adding a limit will do the opposite, locking in profits when the market hits a price more favourable than the current one.
Advanced options are designed for experienced traders, to increase the chances of an order being filled in illiquid or volatile markets. They can be added to your deal ticket via ‘settings’ in the fly-out menu on the left.
Choose to show the ‘force open’ option in the deal ticket and you’ll be able to control how we execute opposing positions in the same market. We recommend netting off, which is the default setting. This means we’ll close existing opposing positions in the same market before opening a new one, adjusting your net exposure.
But if you prefer, you can choose to ‘force open’ opposing positions by default. This means that all attempts to deal in the opposite direction – for instance, selling while long – will result in a new position being opened.
You can also show a number price and fill options on your deal ticket:
- Accept partial fill: If we can’t fill your entire deal at the price you request, we’ll fill as much as we can, instead of rejecting it outright.
- Current price or better: We’ll fill your deal at the price you were quoted, or at one more favourable to you.
- Points through current: We’ll complete your deal within a certain range, or tolerance, of the current level – reducing risk of rejection in volatile conditions.
- Market order: We’ll deal immediately at the best available market price, which may be worse than the IG quoted price, particularly when dealing in large sizes.
You can specify your own default preferences in the settings panel, saving you from having to re-enter the same details every time.
Orders to open and part close
The ‘order’ tab in the deal ticket can be used if you want your position to open automatically when certain conditions are met. Alternatively, you can set an order to part close, realising profits or reducing your exposure in volatile markets.
To open or part close a position later:
- View the current price of your market in the buy and sell boxes, and decide which direction you’d like to trade in.
- Change the size and currency of your position.
- Enter the price level at which you want to buy or sell.
- Set an expiry date for your order by selecting ‘good till date’, or choose to cancel it manually with ‘good till cancelled’.
- Set any close conditions, just as you would on a normal deal.
Set alerts from the deal ticket for updates on significant movements in the markets. You can choose one of two types:
- Price change alerts: We’ll let you know whenever the price changes by a certain amount – either a percentage or in points – within a certain timeframe. There’s no need to keep resetting it every time it’s triggered, either.
- Price level alerts: You’ll receive an alert whenever the buy or sell price next hits a particular level.
You can find out more about the alerts we offer and how to use them on our alerts page.