We set a price for a contract based on the underlying market, which you can buy or sell.
With each market you are given a ‘buy’ and ‘sell’ price either side of the underlying market price. You can trade on a market to go up (known as ‘buying’ or ‘going long’), or you can trade on it to go down (known as ‘selling’ or ‘going short’).
Once you open your trade, you’ll receive a confirmation message to show that it has been accepted. Trades are occasionally rejected, but the vast majority go through without any problems. Check the details on your confirmation message carefully to make sure the trade is as you intended.
Your open trade will now appear in the ‘open positions’ pane in our trading platform. All the time your position is open, you’ll be able to see your profit or loss by checking the profit/loss column.
When you decide to close your position and collect your profits. To do this, you simply sell the same number of contracts as you bought initially.
The simplest way of doing this is to bring up a ‘close position’ screen. When you click on ‘sell’, you’ll receive another confirmation to let you know that you’ve sold that number of contracts.