April 29, 2011

Tabs and Sectors

Sector 3 Sector 3 provides up to the second news and stories from around the world which are relevant to the Forex market.

Section 4 Deals directly with the actual trades. It is further broken down into orders, trades, positions, charting, discussions and account center.


Now that you have a general idea of what the trading platform looks like, let us look at selected sections/tabs that will be of immediate interest to a first time trader.

The Portfolio tab (Sector 1).

  Portfolio tab

This tab shows how much is in each account (live and demo/virtual). This tab will also show the profit and/or losses that are being obtained while trades are being executed.

The Forex Rates tab (Sector 2)

  Forex Rates tab

This tab displays a summary of the current relevant data for all the currency pairs available to you. This tab is one of the primary areas where you can execute a trade (or “open a position”). Before we look at how to do this, let me first explain some of the various columns showing on this tab and then we shall see how to add and remove the instruments on display in this tab.

Columns

Currency:

Last:

Bid:

Offer:

Change:

High:

Low:

To add or remove instruments, click on subscriptions…

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