Yourfintech
Trading Platform
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  • How To
  • FAQ
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On this page
  • How to Open a Position
  • How to Modify Position TP/SL
  • How to Reverse a Position
  • How to Reverse a Position Including TP/SL
  • How to Close a Position
  • How to Open a Limit Order
  • How to Open a Stop Order
  • How to Set Up Take Profit
  • How to Set Up Stop Loss

How To

How-To Guide for Trading

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Last updated 2 months ago

How to Open a Position

  1. Navigate to the trading interface and select the symbol you want to trade.

  2. Specify the trade parameters:

    • Choose the position size (e.g., number of lots).

    • Optionally, set a Take Profit (TP) and Stop Loss (SL) level.

  3. Click on the Buy or Sell button based on your market direction prediction.

  4. Review the confirmation message to ensure the trade has been successfully placed.


How to Modify Position TP/SL

  1. Open the Open Positions section or click on the position label directly on the chart.

  2. Select the position you want to modify.

  3. Update the Take Profit (TP) and/or Stop Loss (SL) values in the trade modification form.

  4. Click the Save or Modify button to apply the changes.

  5. A confirmation message will appear, and the updated TP/SL will be displayed.


How to Reverse a Position

  1. Navigate to the Open Positions section.

  2. Select the position you want to reverse.

  3. Click the Reverse Position button.

  4. Confirm the reversal in the pop-up dialog.

  5. The current position will be closed, and a new position of the same size will be opened in the opposite direction (e.g., from Buy to Sell or vice versa).


How to Reverse a Position Including TP/SL

  1. Navigate to the Open Positions section.

  2. Select the position you want to reverse.

  3. Click the Reverse Position button.

  4. In the confirmation dialog, ensure the option to copy and flip TP/SL levels is enabled.

  5. Confirm the reversal.

  6. The current position will be closed, and a new position of the same size will be opened in the opposite direction. The Take Profit (TP) and Stop Loss (SL) levels will be flipped to align with the reversed position.


How to Close a Position

  1. Go to the Open Positions section in the trading interface.

  2. Select the position you want to close.

  3. Click the Close button next to the position.

  4. Confirm the closure in the pop-up dialog.

  5. The position will be closed, and the realized profit or loss will be reflected in your account balance.


How to Open a Limit Order

  1. Select the symbol you want to trade.

  2. In the order form, choose the Limit Order option.

  3. Enter the desired price at which you want the order to execute.

  4. Specify the position size and optionally set TP/SL levels.

  5. Click on Place Order to submit the limit order.

  6. The order will appear in the Pending Orders section until the specified price is reached.


How to Open a Stop Order

  1. Select the symbol you want to trade.

  2. In the order form, choose the Stop Order option.

  3. Enter the trigger price at which the order will activate.

  4. Specify the position size and optionally set TP/SL levels.

  5. Click on Place Order to submit the stop order.

  6. The order will remain in the Pending Orders section until the trigger price is reached.


How to Set Up Take Profit

  1. While placing an order, locate the Take Profit (TP) field in the order form.

  2. Enter the price level at which you want the position to close automatically to secure profits.

  3. For existing positions, go to the Open Positions section or chart, select the position, and modify the TP value.

  4. Confirm the changes to activate the Take Profit.


How to Set Up Stop Loss

  1. While placing an order, locate the Stop Loss (SL) field in the order form.

  2. Enter the price level at which you want the position to close automatically to minimize losses.

  3. For existing positions, go to the Open Positions section or chart, select the position, and modify the SL value.

  4. Confirm the changes to activate the Stop Loss.