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Quantity: First you enter the number of contracts you want to buy or sell.
Limit price:
Then you fill in the price you want to trade at. If you are selling, this should be the lowest price you will accept. If you are buying, it will be the highest price you are willing to pay. The bid and offer prices for the contract and the last trade price will show you the current range within which the contracts are trading.
Lifetime:
Select the ‘lifetime’ option from the dropdown menu.
You have three choices:
Good
for Session-
This means your order will be live until the current trading session closes or the event expires. Sessions close at approx 2.30am EST each day, unless otherwise stated
Good
till Cancelled-
This means that your order will remain open until you actively cancel it.
Fill
or Kill-
This means that your order will be cancelled unless there is a match instantly available so that the trade can take place immediately.
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Risk Reward
This section of the order ticket shows how much you can win or lose as a result of this trade.
Once you have completed the order ticket, you click on the relevant button – ‘buy’ or ‘sell’
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