Amending and Closing an Open Position

Once you have opened a position, you will be able to view your trade in the Open Positions tab in the Open Positions and Orders window. By Hovering you mouse over the open position row, you will be able to view the trade details, Reduce your position Close your position and amend, add or view a Stop Loss and Take Profit. You can move or add a Stop loss or Take Profit accordingly, and once you are happy, click to confirm. If you choose to add a Stop Loss to your position, this may reduce your margin requirement for the trade. The change will be reflected in the Account summary bar and trade details window. Your attached orders will now be present in the Open Positions view.

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By selecting ‘Reduce’ you will be able to reduce your open position down to half the minimum trade size. If you hover your mouse over the input field, the minimum and maximum reduction sizes are present. The minimum size refers to the minimum amount that you can reduce a position by, while the maximum size refers to the maximum amount you can reduce the position by. 

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By clicking ‘Close’, you will be able to close your trade. This will allow you to Cherry Pick the trades you would like to close. If you place an opposing trade, the account will behave as FIFO. The close window displays the current market price, size, entry price value and current P&L of the trade. 

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