How does a deal ticket work?

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 ‘deal’ tab in the deal ticket. You then need to specify the following:

Buy or sell: The direction of your trade.

Size: The value you are looking to deal.

Stop: 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. To prevent this from happening, choose a guaranteed stop from the drop-down.

Limit: Your take profit level. See ‘what is the difference between a stop and limit order?’ for more information.

Net off/force open: Control how we execute opposing positions in the same market. Selecting ‘net off’ means that we’ll close existing opposing positions in the same market before opening a new trade. Selecting ‘force open’ allows you to hold positions on the same market in opposing directions

Once the compulsory sections of the deal ticket have been filled in, you’ll be able to click ‘Place deal’ to open your position.