Opening Positions

To open a position from within the X90 trading platform display screen, click the desired "BUY" or "SELL" next to each instrument.
To 'Go Long' press the ‘Buy’ button next to the instrument in the main screen of the platform.
To ‘Go Short’ press the ‘Sell’ button next to an instrument in the main Screen of the platform.

Complete the fields in the popup box depending on which instrument you selected:
Amounts for Forex: Choose the number of basic units/lots that you want to Buy or Sell.
Number of Shares or Stocks: Choose the number of shares that you want to Buy or Sell.
Number of Contracts for Indices: Choose the number of contracts that you want to Buy or Sell. Each index point is worth a certain amount - usually 1USD or 1EUR depending which market the index is traded on.
Contracts for Commodities: Choose the number of basic units/lots that you want to Buy or Sell.

Optional fields:
(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.
(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.
(Optional) Limit Orders (Buy/Sell) when Rate is: Set your price to Buy/Sell the instrument when or if it meets your specified price.

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 - Margin).
  • Net Equity: $1,000 (Balance + P&L of open positions).

1:00pm - you press ‘Buy' Gold which is trading at $1000 an ounce

Your criteria:

  • No of ounce: 5
  • Close at Profit Rate: $1100
  • Close at Loss Rate: $900
  • The total amount you bought is: 5*$1000.00 = $5,000
  • The Margin needed for Gold is 10%: $500
  • Balance: $1,000
  • P&L = 0. (Usually the spread of gold is 50 cents so you would have a P&L of -$5)
  • 'Available Balance' after you bought gold is: $500 ($1000 - 10%*$5,000 = $500)
  • 'Equity': $1,000 ($1,000 + $0)

2:15pm - Gold jumps to $1050.

  • Balance: $1,000
  • P&L: +$250 (5*$1050-5*$1000)
  • Available Balance: $750 ($1,000 - 10%*$5,000 + $250 = $750)
  • Equity: $1,250 ($1,000 + $250)

2:20pm - Gold jumps to $1100

Your ‘Take-Profit’ order executes and the position is closed. You made $500 on the transaction.
After your ‘Take-Profit’ executes:

  • Balance: $1,500
  • P&L: 0 (no open positions)
  • Available Balance: $1,500
  • Equity: $1,500