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Placing a new Market Order (Example)
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1. In the Rates Window, Click the bid (to sell) or ask (to buy) price of the particular currency that you want to trade.



2. A new Order Window should be displayed. The default order type is set to "market" and therefore does not need to be adjusted when placing a new market order.



3. If necessary, modify the order's other parameters:
  • Account - If you have more than one account with MG, you can choose from which account you wish to place this order

  • Operation - By default, if you clicked on Bid, the operation would be set to Sell and if you clicked on Ask, the operation would be set to Buy. You can change the operation for your trade by selecting it from the drop-down list

  • Units - Select or type the number of units involved in this trade (0.1-50). When placing a new order, the default setting is "1". When closing a position, the unit field will default to the total number of units you are holding of that currency. You may change the number of units by clicking the drop-down arrow or scrolling the spinner.

  • Amount - The amount is adjusted automatically to reflect the entered number of units. Similarly, if you change the amount, the number of units is adjusted accordingly.
4. Set your desired amount by selecting it from the drop-down menu, typing via keyboard, or using the spinner. When the number of units is modified, the amount will automatically update, and visa-versa.

5. Click the "Submit Order" button to submit the order.

If your order's parameters are valid, your order will be displayed in the "Open Orders" window. The order will remain in the "Open Orders" window until executed or cancelled. If executed, the order will disappear from the "Open Orders" and re resulting trade will appear in the "Open Trades" window.

If your order's parameters are incorrect, you will be prompted with a message dialog with information as to why the order cannot be submitted.