Derivatives trading currently supports Limit Orders, Market Orders, and Advanced Orders. More order types may be introduced in the future.
1. You can create a position by creating a Limit Order or Market Order.
Input the Price that you want to trade at (only for Limit Order). Then input the Quantity that you want to trade with. The minimum price/tick size and minimum order quantity can be found in the Contract Details box (further contract specifications are published in FAQ).
Any inputs other than the increment will need to be corrected. You can also use the -/+ buttons on the side to help you get to the next price and quantity increment quickly.
Press Buy if you want to create a Long position, or if you want to reduce your Short position.
Press Sell if you want to create a Short position, or if you want to reduce your Long position.
2. After the Order is filled, a position is created. You can monitor open derivatives positions under the Positions panel and Margin Balance in the Wallet Balances box
3. You can close your position in two ways
A. From Order Box - You can close or reduce your open position by creating a Limit Order or Market Order that is the opposite side to your open position. For example, if you want to close an open long position, you can create a sell Limit Order or Market Order to reduce or close your open long position. You must always carefully check your existing positions before doing so to ensure correct input.
B. From Position Panel - You can close your entire open position by clicking the Limit or the Market button. The Limit button will create a counter Limit Order to the full open position at the price set. The Market button will create a counter Market Order to the full open position. Use Option A if you prefer to partially reduce position.