To initiate a position, from within the Xtrade trading platform display screen, click the desired "BUY" or "SELL".
Depending on which instrument you selected, you must complete the following:

Forex Purchase: Choose the number of basic units/lots that you want to Buy or Sell.

Shares or Stocks: Choose the number of shares that you want to Buy or Sell.

Contracts for Indices: Choose the number of contracts that you want to Buy or Sell, with each transaction representing a multiple USD, EUR (or other currency) value of the traded.

Contracts for Commodities: Choose the number of basic units/lots that you want to Buy or Sell.

(Optional) Stop Limit (Close at Profit Rate): Enter the Stop Limit amount that you want to sell/buy the instrument at, representing the maximum amount of profit that you desire to make. The supplied default value is usually 1 pip above/below your purchase/sales rate.

(Optional) Stop Loss (Close at Loss Rate): Enter the Stop Loss amount that you want to sell/buy the instrument at, representing the maximum amount of loss that you want to incur on your initial transaction. The supplied default value is usually 1 pip below/above your purchase/sales rate. Note that after a favourable rate movement, manually adjusting this stop/limit rate ("Edit Position")can ensure that profits are locked in.

(Optional) Limit Orders (Buy/Sell) when Rate is: Set your price to Buy/Sell the instrument when or if it meets your specified price. Set the Limit Rate by selecting the limit order check box (Buy/Sell when Rate is), enter your desired order rate (From current Rate) and click Buy/Sell.

Example of Opening a Position: You signed up and deposited $1,000 via credit card:

• Balance: $1,000 (Deposits - Withdraws + P&L of closed positions).
• P&L = $0 (total profit and loss of all open positions including Premium).
• Available Balance: $1,000 (Balance + P&L of open positions - Initial Margins).
• Equity: $1,000 (Balance + P&L of open positions).

1:00pm - you press ‘Buy' Gold which is trading at: (Sell $1,199.65/Buy $1,200.35) per ounce.

Your criteria:

• Number of ounces: 10.
• Close at Profit Rate: $1,250.
• Close at Loss Rate: $1,150.
• The total amount you bought is: 10*$1,200.35 = $12,003.50

The Maintenance Margin required to maintain the gold position is 0.3%: $36.01

• P&L = 0. (Usually the spread of gold is 50–70 cents so you would have a P&L of -$7).
• Available Balance after you bought gold is $939.99: $1,000 – [$12,003.50: 200].
• Equity: $1,000 ($1,000 + $0).
• 2:15pm - gold jumps to $1,250.
• P&L +$496.50: (10*$1,250 - 10*$1,200.35).
• Equity $1,496.50: ($1,000 + $496.50).

2:15pm - your Take Profit order executes and the position is closed. You made $496.50 on the transaction.
Equity: $1,496.50
P&L: 0 (no open positions).
Available Balance: $1,496.50

If at 2:15 pm gold slumps to $1,150:
P&L –$503.50: (10*$1,150 – 10*$1,200.35)
Equity $496.50 ($1,000 - $503.50).
P&L: 0 (no open positions).
Available Balance: $496.50.