Orders to open positions

  • Not only can our range of orders be used to minimise your downside risks, they can also be used to maximise your trading potential on any future price trends you’re predicting.   

    You can place an order to open a new position at a specific point you’d like to buy or sell (i.e. when a price reaches a specific level pre-determined by you). This means that, should you spot a trading opportunity at current or future market levels, there’s always the possibility of maximising your trading potential. 

    At City Index, our range of multi-access platforms enable you to place as well as monitor your orders. Orders can be placed either through our online platform or mobile and iPhone Apps and are a great way to ensure you don’t miss out on important price moves, even when you’re away from your trading account/platform.

    Example of how to use open orders on a Sainsbury's DFT (daily funded trade) 

    For the purposes of this example, let's say our Sainsbury's price is trading at 319p/320p. Over the last few days there has been a surge in Sainsbury’s share price.

    You believe Sainsbury’s share prices will hit resistance if they reach a level of 330p, which will cause prices to fall and will represent a potential sell opportunity. 

    You can use our wide range of orders to profit from this potential new trend. See our graphic below for more detail...

     

    How to use an open order on a DFT

     

    At City Index, our range of multi-access platforms enable you to place as well as monitor your orders. Orders can be placed either through our online platform or mobile and iPhone apps and are a great tool to ensure you don’t miss out on price moves without having to monitor market prices constantly.

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