Market watch
Categorized as:FXOpen Trader for Android
» Market watch
Languages:Русский 中文
Market watch
Market watch displays online quotes for the list of trade instruments. Here you can open market and pending orders, analyse the quote history charts and the Depth of Market (Level II).
1. Market watch
2. Orders
3. Chart
1. Market watch
The Market watch screen shows online Bids and Asks for the default trade instruments: EUR/USD, GBP/USD, USD/CHF, USD/JPY.
To change the list of instruments, please take the following steps:
1. Go to the Settings tab, tapping 
located in the upper left corner of the screen;
2. Select the trade instruments you'd like to have in the list or check the upper checkbox (Check all) to add all the instruments automatically.
3. Tap Save to save the list with the chosen trade instruments or the Reset to default button — to set the default list of the instruments: EUR/USD, GBP/USD, USD/CHF, USD/JPY.
 |
Note!! When a value goes up the numbers are highlighted green, when down ― orange. |
Choose a trade instrument to view the detailed market depth data. The orders book includes the following information:
• Highest Bid prices: the best prices that traders are willing to accept to sell;
• Bid Volumes: available at each of the price levels;
• Lowest Ask prices: the best prices that traders are willing to accept to buy;
• Ask Volumes: available at each of the lowest ask price levels.
* Be aware
Turn your touch tablet horizontally to view Market Watch in its full. In this case, you will be able to choose financial instruments and perform necessary trade operations in one and the same window.
The Order book and Quote chart will be displayed altogether with the Market order tab.
Click to view full size picture
|
Top...
2. Orders
To perform trade operations, please choose the instrument. The market depth screen displays current orders in the chosen currency pair.
Order is a client's instruction to brokerage company to perform a trade operation.
You can use the following types of the orders to perform trade operations:
• Market order;
• Pending orders: Limit order and Stop order.
Market order
Market order — an order to buy or sell a trade instrument immediately at the best price obtainable in the market. The execution of such order means a trade position opening. Generally, an instrument is bought at the Ask price and sold at the Bid price.
To open a market order (Buy/ Sell) tap the relevant button displaying Ask or Bid. Confirm the order execution by tapping Yes.
You can change the following parameters of a market order:
• to select a trade instrument from the drop-down list;
• to change the volume.
Pending order
Pending order is the client's instruction to a brokerage company to buy or sell a trade instrument at pre-defined conditions in the future. The following types of pending orders are available:
Limit order:
Buy Limit — trade request to buy at the Ask price that is equal to or better than that specified in the order. The current price level is higher than the value in the order. The order's price is considered to increase, having fallen to a certain level.
Sell Limit — trade request to sell at the Bid price that is equal to or better than that specified in the order. The current price level is lower than the value in the order.The order's price is considered to fall, having increased to a certain level.
You can independently change the following parameters of a limit order:
• choose the order’s type: Buy Limit/ Sell Limit tapping Buy or Sell button;
• select a trade instrument from the drop-down list;
• change the volume;
• set the price - the order execution price;
• attach Stop Loss or/and Take Profit orders.
To open a limit order (Buyl limit/ Sell limit) with the present parameters, tap Submit. Please confirm this operation by tapping Yes in the pop-up window. To cancel the order tap No.
Stop order:
Buy Stop — trade request to buy at the Ask price that is equal to or better than that specified in the order. The current price level is lower than the value in the order.
Sell Stop — trade request to sell at the Bid price that is equal to or better than that specified in the order. The current price level is higher than the value in the order.
Once the price surpasses the predefined entry/exit point, the stop order becomes a market order.
You can independently change the following parameters of a stop order:
• choose the order’s type: Buy Stop/ Sell Stop tapping Buy or Sell button;
• select a trade instrument from the drop-down list;
• change the volume;
• set the price - the order execution price;
• attach Stop Loss or/and Take Profit order.
You can place the pending orders with Stop Loss and/or Take Profit values.
• Stop Loss is used for minimizing of losses if the instrument price has started to move in an unprofitable direction. If the security price reaches this level, the whole position will be closed automatically. Such orders are always connected to an open position or a pending order.
• Take Profit is intended for closing a trade in profit when the instrument price has reached a certain level. Execution of this order results in complete closing of the whole position. It is always connected to an open position or a pending order.
|
To open a stop order with the current parameters, tap Submit. Please confirm this operation by tapping Yes in the pop-up window. To cancel the order tap No.
|
Note! Numeric values, like price, volume, rates and other, can be adjusted in the following ways:
• with + or – buttons;
• by tapping a relative field and via pop-up virtual keyboard.
|
Top...
3. Chart
Tap the order book to view the quote chart online. Tap the chart again to close the chart window and go the Depth of Market.
If you are interested in the chart history of the chosen trade instrument, please tap the View chart button.
The more detailed information about the chart and its functionality you can find in Help (upper right corner of the screen). About chart settings and indicators.
Top...