Each row in the "Open Positions" window
contains information about a specific open position.
In the first column, there is a unique ticket
number that enables the trader to easily track
each position.
Acct ID
The next column over contains the Account ID,
which shows the trader's unique account number
and will remain the same for all trades executed
in the account.
Currency
This reflects the currency pair that was bought
or sold.
B/S
This indicates whether you bought (B) or sold
(S) the currency pair.
Amt K
Amount K (Amt K) - the size of a position in lots.
1 lot in the standard account is 100,000 units
of the base currency. 1 lot in the Mini account
is 10,000 units of the base currency. "100"
in the Amt K column represents 100,000 units of
currency (or 1 lot) in the standard 100K account.
Open
This represents the open price i.e where you bought
or sold the currency pair. For example if the
"open" price was 1.5423 this indicates
that the trader bought one lot of EUR/CHF at 1.
5423.
Close
The close rate is the current exchange rate at
which the trader can exit the position. (For information
on how to close a position, see "Close an
Open Position".)
Stop and Limit
Stop-loss and limit orders can be attached to
individual positions to establish the rate at
which the trade will be closed. A stop-loss specifies
the maximum loss that a trader is willing to accept
on a given position. A limit order allows a client
to specify the rate at which they will take profits
and exit the market. Essentially, it defines the
amount of profit that the trader is looking to
capture on this particular trade. Stop and limit
orders are only active for as long as the position
remains open. For example, if a position has both
a stop and limit order on it and limit order is
triggered, the stop-loss order will be canceled.
Until Tr. Stop Move
If there is a trailing stop attached to the ticket-
this column will indicate the number of pips that
you would like your stop-loss order to trail behind
the current market rate. The stop-loss order will
move up in increments of the pip value that you
place in the Rate Min.Move field.
P/L and Gross P/L
The profit/loss (P/L) on each position is tracked
in real time in both pips and U.S. dollars. The
"P/L" column shows the difference in
pips between the open price and current price
multiplied by number of lots (position size) of
the trade. The "Gross P/L" column shows
the profit/loss of the trade in U.S. dollars.
A minus in front of the "P/L" and "Gross
P/L" indicates the position has lost value.
Commissions
FXTSP does not charge any commissions. If a client
requests a commission be paid to a third party,
such as a money manager, FXCM can accommodate
the request.*
Interest
This is the cumulative dollar amount that is added
to or subtracted from an open position as a result
of rollover interest. Rollover interest only applies
to positions held past 5:00 PM ET.
Time
Each position bears a time stamp for when the
position was opened.
Highlighting
In the forex trading system "Open Positions"
window, one of the rows will be highlighted. The
highlighted position will be the "default"
position when you enter orders to "close"
or "S/L". To change the highlighted
position, click on the gray box on the far left
of the row.
*The FCM and IB are compensated for their services through the spread between the bid/ask prices.
