How do I trade FX in Client Portal?

Clients have the ability to convert currency, either to establish a cash position or trade foreign products. To place a currency trade, enter the currency pair you wish to trade (ex. EUR.USD) into the Trader Workstation (TWS) desktop platform as you would any other symbol and select IDEALPRO CASH if prompted by the contract selection menu. You can then initiate a trade using the…

To create a currency order using the mobile Order Ticket:

1. Tap the More menu in the top left corner and then tap Order Ticket
2. Search for the first currency of the pair you want to trade (e.g. EUR) and select Forex under the IDEALPRO…

To see the currency of a product in Client Portal:

1. Create an Order Ticket for a product by clicking the Trade menu followed by a product type (for example: Stocks, Options, Futures, etc.).
2. In the Quantity box you will see the currency the product is denominated in…

Overview:

In the international forex cash market (known as the Spot Market) currencies are traded in pairs. The first currency in each pair is known as the Transaction Currency, while the second currency in the pair is the Settlement Currency. The quantity bought and sold will apply directly to the Transaction Currency, while the gains and losses from transactions will apply to the Settlement Currency. When you buy a currency pair you are going long the Transaction Currency while simultaneously shorting the Settlement Currency. Conversely, when you sell a currency pair you are shorting the Transaction Currency while simultaneously buying the Settlement Currency. Since the forex market is foreign exchange, each transaction must contain one currency against another…