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 Placing an Order
 Introduction to GT247.com

1.) Highlight the instrument to be traded in your Watchlist window and right click.
2.) Select the option Place an Order.
3.) The following Order screen will appear to take your order.

NOTE: It is essential to understand the formalities and intricacies of placing a correctly structured order so as to prevent avoidable losses to your trading account.

1.) Trailing Stop Orders

A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached "trailing" amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn't change, and a market order is submitted when the stop price is hit. This technique is designed to allow an investor to specify a limit on the maximum possible loss, without setting a limit on the maximum possible gain. "Buy" trailing stop orders are the mirror image of sell trailing stop orders, and are most appropriate for use in falling markets

For instruments with active trailing order functionalities, the trailing order flag and the trailing increment value will be displayed on the Open Order window. If you would like your Order Price to trail the Last Traded Price, you must select the Trailing Order box and specify the Trailing Value. The order price will then trail the last price with the specified incremental value.

1.) The Order will execute using the current criteria for order conversion.

2.) The Trailing Order value will be used to measure change in the order price, e.g. if the last price moves in a positive direction (i.e. increase for a sell break order, decrease for a buy break order) by 10 points, the order price will move in a positive direction by 10 points.

3.) The Trailing Order will be specified in the Info window with three new fields:
   - Trailing Order with a 'Yes' or 'No' value.
   - Trailing value with the incremental trailing value.
   - Last Trailing price showing the value of the last price, which triggered the order price to trail.

4.) If the instrument’s flag for the Trailing Order is set to false while the system has current open Trailing Orders, the current open trailing orders will remain as they are - trailing the last price. However, the trailing value cannot be changed and the order will remain a trailing order. You will still be able to cancel the order.


2.) Break Order

You hold 500 Anglo American Plc shares, have entered the trade at 34100 and would like to limit the losses should the share price fall. You then decide to place a stop loss at 33500.

NOTE: This order can be partially closed by stating a smaller number of shares.

3.) Normal Order

The current buyers' price for Anglo American Plc is 34100 and you would like to leave an order to buy at 33900. The example below details how you would complete the order ticket and place an order to buy.

NOTE: This is a standard example and there are various other ways to complete this order.

Your completed order will appear in the Open Transactions window in the Orders tab.

 What are CFDs?
 Advantages of CFDs
 Terms you need to know
 Getting Started
 - Platform Overview
 - Product Navigator
 - Watchlists
 - Information Window
 - Favourites Ticker
 - Opening a Position
 - Open Transactions Window
 - Placing an Order
 - Account Balance
 - Trading Currency
 - Login and Logout
 - Desktop/Reports
 - Status Bar
 Trading Examples