How to close a Position

1.To close a position, right click on the position in the Trades tab in the Open Transactions window and select the Close Trade option; alternatively, you can select a position and click the Close Trade button to call up the following window.

NOTE: Always keep the GT247.com Trading Desk phone number on hand. In the event of internet failure or other unforeseen events, the trading desk will always be happy to assist you with the placement of new trades, as well as editing and exiting an existing trade.

2. To partially close your position, reduce your risk to a suitable amount.

3. Select the price, you want to close your trade at:

Market
- Your trade will be closed at the current Bid/ Offer.

Fill or Kill
- Your trade will be closed at the price you specify. - If your price is met i.e. ‘Filled’ your trade will be closed, in the event of your price not being met i.e. ‘Killed’ your trade will not be closed.

Limit
- Your trade will be closed at a price of a certain level stipulated by you. Enter the maximum price, you will accept for trade to be closed at.

4. The profit or loss you will make if you your position with the specified risk at the current market price will be displayed.

5. Once you are happy with the trade that you are closing, click the ‘Sell’ button if you placed a trade to buy or click the ‘Buy’ button if placed a trade to sell.