๐Ÿ”ธOpening a Position

You have 20 FX symbols to choose from on the left side of your panel. Click on whichever one to open the chart.

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With a symbol selected you can choose to open a trade with the execution panel in the top of the chart Click either BUY or SELL, donโ€™t worry you can change it in the next step:

At the top of the chart, you have the option to Buy or Sell.

You must set a Take Profit (TP) and Stop Loss (SL) for every single position. The minimum number for TP and SL is 5 pips. Be careful with exotic pairs with wide spreads if you want a tight Stop Loss.

You cannot set your SL further than your pips available. In the above example with 50 pips available you can open 1 trade with a 50 pip SL, or 2 trades with 25 a pip SL, or 10 trades with a 5 pip SL. So long as you donโ€™t go beyond 50. If you open one trade with a 25 pip SL, it will leave 25 pips available for you to open positions on other symbols.

As you can see, trying to open a trade with a higher SL in pips than your pips available, you wonโ€™t be able to send that order to our system.

Here is an example of if we were to open a trade with a 25 pip SL and a 100 pip TP, you will see your position is opened in milliseconds and youโ€™ll be able to see it in the Levels terminal

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We are going from the assumption that you have 50 pips available.

If this trade hits TP, you will go up a Level if you set your target to 100 pips. If this trade loses, you will still have 25 pips (50-25) to open as many trades as you like. If you close your trade early with, say 25 pips profit, you will have 75 to trade with, you can take a 50 pips trade but with a shorter ratio of 2-1 instead of 4-1 like the one before, get those 100 pips and continue with the next level.

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