Lite Trader Trades
Posted by Ismail Moamer, Last modified by Ismail Moamer on 24 February 2021 12:36 PM

After login with the VertexFX account, you can start trading by tapping on the desired symbol from the quotes screen, you can also check your account summary from the bottom of the screen

 

Place instant Market and Entry orders at speed like a charm!

From the trade page, view the Live ask and Bid prices to trade on, Just fill in the desired amount to trade on and then choose whether to Buy or Sell.

 

 

Place Entry order easily and by one click, by selecting the Entry tab, a new window will appear where you can select the type of pending orders you wish to place (Buy Limit, Buy Stop, Sell Limit, Sell Stop), with the ability to place instant SL and TP on the pending orders.





Account Summary 





 

Account summary can be viewed from Quotes, Trade, and History. The Account Summary is updated in real-time according to Market movement and transactions done in the account to stay updated with your account status.

The account summary panel shows the following information:

Name Description 

Balance

The real amount of money a client has in his account.

Account

The selected account for trading 

Floating P/L

The profit or loss the client gains or loses respectively, for all currently opened positions.
Equity Balance + Flt P/L + Credit
Free Margin Called also the Effective Margin, which equals Equity + Margin Req. (The Minus value indicates the possible danger and closeness to Liquidation). It means how many lots of a certain currency a client can buy with the money which he actually has.

Margin Level

This equals to (Equity/Margin Req.) * 100% (the bigger number, the better), it is the most important value that both the client and the market maker should keep on watching because depending on its value, it can be decided how many lots the client can buy with the money left with him/her, and if the account is close to Liquidation point. If it was 100.00% or more, the account is on the safe side, if it was less, then there is a danger of liquidation to happen soon.

Used Margin

Called also the Margin Requirement, which is the amount of money that the can client afford in his account to buy 1 lot of a certain currency. As an example... which takes (-1000) 0ff for each 1 lot, means 100$ for each 0.1 lot. 

Credit

An amount of money put to the account of a certain client in order to be paid later (like a debt).

Trade Tab 



The Trade tab shows all open positions and open orders where clients can perform many operations on them such as normal closing, partial closing, hedge closing,…etc.

The trade tab consists of the following:

Name Description 

Symbol

The name of the placed symbol for each position or order

Open Price

The open price for each placed market position

Current Price

The current closing market price for each placed market position
Type The type (Buy/ Sell) of each position, the type (Buy Limit, Sell Limit, Buy stop and sell stop for each order)

Amount

The amount of each position or order

P/L

The floating profit or loss for each placed position on the trade tab.

By clicking on any opened position or any opened order in the trade tab it will expand to show more information on the trades that been placed

 

Name Description

Order ID

Shows the order ID for each order

Ticket ID

Shows the order ID for each position

Commission

If it is set, it shows the commission in minus (-) sign for each placed position which will be deducted from the account balance

SL Amount

The price of stop loss for each placed position or order "If this position/order is managed"
T/P Amount The price of take profit for each placed position or order "If this position/order is managed"

Interest Amount

If it is set, it shows the interest amount for each position/order

Time/Date

The time and date for each placed position/order

Comment

Shows The comment for each position or order



By selecting any open market position, a pop-up message will appear that has several options to control the market position:

  • Close position:
    To fully or partially close the selected position.

  • Close by hedge
    If there are open Buy and Sell positions for the same symbol you will be able to select the ticket IDs for the buy and sell and choose to close them by a hedge.


  • Manage position
    Manage the opened positions/orders by placing SL/TP values, you can manage full position or partially.



 

  • Modify Order
    Modify the opened orders by placing SL/TP values, you can modify a full order or partially.



 

See Also

 


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