Windows & Commands > Instruments window > Pop-up menu 2 > Market Order

To place a market order:

1.	Select an account in the Account Information window. Hold down the CTRL key to choose multiple accounts.

Note: If no account is selected, then the topmost account in the Account Information window will be selected automatically.

2.	Right-click on the rate (Sell/Bid or Buy/Ask) box and then choose Market Order from the pop-up menu. OR, simply left-click on the rate box. The “New Position” dialog will appear:

clip0441

3.	Enter the amount measured in lots into the “Amount” field.

Note: The default pre-set amount equals to the account DA setting.

4.	Enter the Trader Range measured in pips.

Note: The Trader Range is your tolerance for price change. It is a range (in pips) from your original order price within which you would still be willing to place the order. If the market shifts while you are placing an order, the dealer may reject your order and offer you the new market price. If the dealer’s new price is within the Trader Range, the order will automatically go through at the dealer’s new price.

5.	To preset a stop/limit on this market order, check the "Set Predefined Stop/Limit" check box. Read more about predefined stops/limits...

6.	Press OK to submit the order.

Note: Once you submit your order, it is sent to the Dealer, who can confirm, reject, or remove it due to a change in market price. While your order is being processed, it will appear in the Orders window, designated as an I (Initiate) order.

Once open, the new position will be shown in the Open Positions window, and you will receive the audio alert “Order Entered”. The account information will be updated. (In certain circumstances, as a result of placing an order, an offsetting position could be closed).