Opening a position/executing a trade from the Forex Trades tab is done by clicking on the particular instrument you want to trade from the Currency column. On doing this, the below box pops up:
This box has different options available as dropdown lists. The different options help you to define the characteristics of the trade which you want to execute.
The other available options are shown below:
Notice that in the screenshots above, the “Duration” field on the left is greyed out because it is tied to the “Duration Type” field to its right. Selecting “Good Till Cancelled” as the duration type means that you intend to close the position manually. However, these same fields provide you with the option of setting a particular date for a position to be closed automatically.
So let us see the other options available to us and what happens to the Duration field when we select another option.
And lastly, the desk option where we can select which account we wish to execute the trade with.
