How to place and modify market orders on Fondex cTrader

Fondex cTrader boasts a great array of trading and risk management tools. In this article, we’d like to talk about how you can trade manually and specifically how you can place and modify a market order.

An easy way to place a new trade is to right click on your preferred symbol in the Watchlist and select “Create New Order”. There are also multiple green “Create New Order” buttons in different places on the platform.

1. Fondex cTrader-Selecting “Create New Order”

Once you click “Create New Order”, a new market order window will pop up.

2. New Market Order window on Fondex cTrader

Here, you can choose the symbol that you want to trade by clicking the downward arrow of the expandable Symbol menu. You can either type it, select it by expanding the asset classes tabs.

For this example, we have chosen EURGBP.

Step 1: Read the price & determine the direction

The window displays the Sell & Buy price, the spread, and the daily high &low. If you believe that the price of the EUR will rise against the GBP, then you may want to choose to BUY the EUR. If you believe that the price will drop, then you may choose to SELL.

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Step 2: Enter your volume

Define the amount of currency units or lots that you’d like to take on your trade by clicking the arrow up or down in the “Quantity” field. Alternatively, just type the amount. Once you set your position size, your estimated Buy and Sell margin for this order will be shown. The estimated margin denotes the amount of funds you have to lock away in order to open the trade and gives you a good idea if your chosen size is good enough for your account equity before you place the order.

Step 3. Enter a Market Range

Set a Market range or leave this field blank. Market range is the maximum price deviation that you accept your order to be filled from the quoted price that you see currently in the platform.

Step 4. Protect the position

Define your Stop Loss and Take Profit targets and click “Place order” to instruct the platform to execute your order.

At the bottom bar of the TradeWatch, you can also view information about your balance, equity, margin, gross and net P&L.

• You can click on the reverse button to reverse your position if you change your mind from a “buy” to a “sell” or vice versa.
• You can click on the “double” button to double the volume of your position.
• You can click on the “X” button to close your position.

3. Close all positions at once-Fondex cTrader

Step 5: Modify the position

If you change your mind regarding your Stop Loss and Take Profit targets or if you’d like to change your volume, just right click on the position in TradeWatch and select “Modify position”.

4. Modifying positions on Fondex cTrader

Step 6: The “Modify Position” window

As you may see in the screenshot below, you can modify your trading volume, trading direction and Stop Loss and Take Profit Levels.

4. Modify your positions on Fondex cTrader

Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
72.03% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.