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How to place and cancel orders

17/01/2025 07:04:10

How to place and cancel orders
How to place and cancel orders

 

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Placing an Order

 

Placing an order on DecodeEX is a straightforward process designed to ensure accuracy and convenience. Here are the steps:
  1. Log in to Your Account:
    1. Access your DecodeEX trading account via the website or mobile app.
  2. Navigate to the Trading Page:
    1. Select the asset you wish to trade (e.g., Forex, Cryptocurrency, Commodities).
  3. Choose the Order Type:
    1. Market Order: Executes immediately at the current market price.
    2. Limit Order: Executes when the market price reaches your specified level.
  4. Set Order Parameters:
    1. Enter the trade size (e.g., number of lots or units).
    2. Specify the price (for limit or stop orders).
    3. Set optional parameters such as stop-loss or take-profit levels.
  5. Review and Confirm:
    1. Double-check all details before submitting the order.
    2. Click "Long" or "Short" to finalize.
  6. Monitor Your Order:
    1. Track the status of your order in the "Position" section of your account.
     

Canceling an Order

 

Canceling an order on DecodeEX is just as simple as placing one. Follow these steps:
  1. Go to the Open Orders Section:
    1. Log into your account and navigate to the "Orders" tab.
  2. Locate the Order:
    1. Find the specific order you wish to cancel. Ensure it is still pending and hasn’t been executed.
  3. Cancel the Order:
    1. Click on the "Cancel" button next to the order.
    2. Confirm the cancellation when prompted.
  4. Verify Cancellation:
    1. Check the " History" section to ensure the order has been successfully canceled.
     

Important Notes

 

  • Order Execution: Once a market order is executed, it cannot be canceled.
  • Network Stability: Ensure a stable internet connection to avoid errors during order placement or cancellation.
  • Customer Support: For issues or further assistance, contact DecodeEX support via live chat or email.
     
By following these steps, you can efficiently manage your trades on the DecodeEX platform. Always review your orders carefully to minimize trading errors.