Boost your trading knowledge and make informed decisions by accessing detailed instrument info on TradeLocker. This guide walks you through the simple process of viewing expanded details like lot size, leverage, fees, and more on both desktop and mobile devices.
Accessing Instrument Details on Desktop
- Log into your TradeLocker account using your credentials.
- Choose an instrument pair.
- Right-click on the instrument. This action will bring up a context menu.
- Select the “View Details” option and click on it. This will open a window containing all the expanded information about the selected instrument.
Accessing Instrument Details on Mobile
- Log into your TradeLocker account.
- Navigate to the instruments list by selecting the current instrument pair in the upper left corner.
- Long-press on the instrument you wish to explore further.
- After the long press, a menu will appear. Select the “View Details” option. This will display a detailed view of the instrument info.
It’s important to understand what the additional information represents. Here are some terms you will often see in the details list:
- Bid: The price at which buyers are willing to purchase the instrument.
- Ask: The price at which sellers are willing to sell the instrument.
- Spread: The difference between the bid and ask prices
- Lot size: The number of units of the instrument in a single transaction.
- Margin requirement: The amount of money a trader needs to hold in their account to open and maintain a trading position.
- Leverage: The use of borrowed capital to increase the potential return of an investment.
- Fee per lot: The cost charged for each lot traded in a financial transaction.
- Swap buy: The interest paid or earned for holding a buy position overnight in trading.
- Swap sell: The interest paid or earned for holding a sell position overnight in trading.
This easy-to-follow process ensures that you have all the necessary information at your fingertips, empowering you to trade smarter and more effectively on TradeLocker.