Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

How do I open a position?

If a market is open then you can trade at the current quoted price. Search or click on the market you wish to trade in the platform, and select the ‘trade’ tab in the trade ticket. You then need to specify the following:

Buy or sell: The direction of your trade.

Size: The value you are looking to trade.

Stop-loss: Your stop-loss if the market moves against you, ie the level you’d like your trade to close at, specified either as a point distance or the amount you’re prepared to risk. Bear in mind that your position may be closed out at a worse level if the market moves suddenly.

Limit: Your take-profit level. See ‘what’s the difference between stop-loss and take-profit orders?’ for more information.

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