Lesson 3 – How to open or close an order
In FBS Trader, all-in-one trading platform, you can start trading easily. Let’s see how to open orders in the app using Demo account. Afterwards, you can open orders on Real account as easy as on the Demo one! Remember, with Demo you can learn trading without risking any money!
With Demo account you don’t need to make a deposit to start trading, - you have virtual $10 000 to learn trading.
Once you have money on your account, go to the main screen and choose an instrument you want to trade. Choose whether you want to Buy or Sell and tap the according box.
Choose the number of lots you want to trade. If you want, you can also adjust Stop Loss, Take Profit, or Pending Order options by tapping their buttons. These options will help you to trade smart and profit strategically. We’ll talk more about these features in one of the next lessons.
After you made all adjustments, tap on the Buy button. The order is active now!
To close or edit an order, please go into the Orders section. Each order has an amount of money displayed in the right corner of the order. This money shows how much you have earned or lost during the exact moment with this order. The number which is changing in the left part of the order is your current bid.
Browse the list of all active orders, choose the one you want to close or edit. To edit your order – tap the gear icon in the right corner of your order. You can change Stop Loss and Take Profit there.
Tap on the “Close” word to close an order. You will see a screen with all the information about the current order.
If you wish to close it partially, tap the “Partial Close” button and adjust the number of lots you want to close. Tap “Close order” button to close it completely.
You can see all the real-time information about your active order and your profits on the main screen also.
Remember, strategic thinking and constant monitoring of your orders are essential things to profit on Forex.
Explore the world of trading with comfort — profit with FBS Trader.