Executes the trade at the current market price
There are two possible ways to execute the trade:
Navigate using your 4-way navigation keys towards an Instrument (Currency) you would like to trade from the list available in the Dealing Rates screen. Access Options and select Place Order function
In the Dealing Rates screen navigate towards an Instrument (Currency) you would like to trade and simply press your phone middle selection key. You will be automatically rerouted to the Order Type screen
DEALING RATES SCREEN
OPTIONS MENU
Once the Instrument is selected, you will be prompted to choose an Order Type and Trading Action combination from the Order Type screen:
- Market Order Buy
- Market Order Sell
- Entry Stop Order Buy
- Entry Stop Order Sell
- Entry Limit Order Buy
- Entry Limit Order Sell
Scroll to the field reflecting the preferred Order Type / Trading action combination
(in this case Market Order Buy)
Using the phone left selection key press Select function to confirm this action
ORDER TYPE SCREEN
Once confirmed you will be redirected to the Market Order screen
There are several displayed fields: Buy / Sell: specifies Instrument’s trading actions Account: list of accounts with which this order should be associated Base: account base currency Price: current price Lot: traders enter the number of lots / mini lots
Using the 4-way navigation keys scroll to the Account field and enter it by pressing middle selection key
Navigate towards the trading account with which this order should be associated and check mark by pressing the phone middle selection key
Using the 4-way navigation keys scroll down to the Lot field and set the number of lots / mini lots.
Once required field is filled in press OK function located in the left bottom corner of the screen
MARKET ORDER SCREEN
When confirmed the program will take you back to the Dealing Rates screen
You may view this trade in the Positions screen of VT Mobile Trading System