IFCM Group
IFC Markets Corp. Forex trading.
FOREX - from beginner to professional
Forex trading from beginner to professional._en
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Short instructions for trading with terminalShort instructions for trading with terminal
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Quick start
How to set an order

If you want to open a position at a price different than the market one you need to set a Pending order. A pending order  is a command to automatically open a position when the market price reaches a level you previously set.

To set an order, go to the "Market Watch" window and right-click on a currency pair you wish to set an order for and select "Set order". An "Orders" window pops-up with a choice of three order types:

  1. Pending order
  2. One Cancels the Other order
  3. Activated order

To select the order type you wish to set - click on the corresponding tab.

Pending Order would open a trading position when the market price reaches a pre-defined level as well as two linked orders to it:

Picture

 

One Cancels the Other (OCO) allows you to cover a double market-price-movement-scenario by only executing one and deleting another pending order:

Picture

 

Activation Order is a universal command allowing you to set either two Pending or OCO order:

Picture

 

Fields: 

  • “Price” - the order activation price (at which a trading position will be opened) 
  • "Volume" - a volume of a position (in a base currency value)
  • “Direction” field - BUY or SELL direction of the position
  • "Lock" - position mode
  • “Stop loss” - determines a price you would want to cut losses at and should be set for every trade you make
  • “Take profit” - sets a price you want to take profit at
  • “Trailing Stop distance” - a kind of stop loss that is distantly following (moving along with) the market price while it goes in your favor
  • “OK” to proceed or “Cancel” to abort

NOTE: To delete an order - go to "Orders" tab at the bottom of the trading platform or call "View" -> "Orders"

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Current quotations
Last update: 04:10:20
Symbol Bid Ask
AUDJPY 76.87 76.92
AUDNZD 1.274 1.2752
AUDUSD 0.9109 0.9112
CADJPY 80.14 80.19
CHFJPY 83.35 83.39
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