Here’s a step-by-step guide on how to easily place a trade on TradeLocker on your desktop and mobile.
Once you understand how to place a trade, you can practice with a demo account. This helps you become comfortable with the platform’s interface and features without risking real money. It’s also the first introduction to the emotional aspects of trading, such as dealing with the pressure of making real-time decisions.
Find an instrument pair you want to trade and tap on it. Choose the lot size and click on Buy/Sell to confirm your trade.
If you click on the arrow, you can also:
- Set a pending order or order at a market value
- Set the stop loss/take profit
Now that you know how to place a trade, check out this guide on how to also close or partially close a trade. Familiarizing yourself with order types is also crucial at this stage; whether it’s a market order for immediate execution or a limit order for specific conditions, each has its own advantages and scenarios where it’s most useful.