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What’s the difference between a trade and an order?
The trade button on our mobile app or desktop platform is the one to use if you want to trade at the current price of your chosen market. You don’t want to wait for a different price, you are happy to trade now!
The order button should be used if you want to trade, but just not at the current price, instead leaving an order to trade if the market rises or falls to the price you would like.
Good risk management is key to successful trading, adding a stop loss order when you open a new trade, this the price you want to close your trade if your prediction is wrong, is highly recommended. It’s also important to consider adding a take profit order to your trades for when the market moves in your favour. The financial markets can, and often do, move very quickly, using orders is an excellent way of managing your trades without always having to be in front of your screen.
If you are ever unsure about how to use our apps or desktop platforms, get in touch with our customer success team, they are here 24 hours a day for you, by phone, email or on our live chat which can be found on our website and the trading platform.