Close and Hedge Positions

Close a Position

 

Close a Position from the FXVoyager toolbar

On the FXVoyager toolbar, click the Close Position button under the Trade tab. A dialog will appear containing a list of currently open positions. Select the position you wish to close, and click OK.

 

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Close a Position from the Open Positions window

Right-click on the position line in the Open Positions window, and select Close Position from the menu. The Close Position dialog will appear.

 

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Enter the desired amount you wish to close into the “Amount” field. You can enter a smaller amount if you want to only partially close position.

 

Note: By default you are offered to fully close the position.

 

Press OK to confirm the order. The position will be closed.  Account information will be updated. The closed position will appear in the Closed Positions window.

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Note, that the system will not allow you to close the position which already has existing C order waiting for the dealer’s confirmation.

If you select a position with a C order created earlier, you will receive the following message: "There is an existing C order [order number] to close [order amount] in ticket [ticket number]".

A new C order will not be created

If you select several positions to close, the C orders will be created only for those positions which do not have existing C orders. The system will check your positions one by one, and if it finds a position with a C order created earlier, it sends the message described above, and stops checking the remaining positions.

Note: On the NFA regulated systems, position closing is done in a different way. See details here.

 

Hedge a Position

"Hedging" refers to the opening of a new position in the opposite direction of an existing position on the same instrument.

Note: Hedging may not be allowed on some platforms.

 

Hedge a Position from the FXVoyager toolbar

On the FXVoyager toolbar, click the Hedge Position button under the Trade tab. A dialog will appear containing a list of currently open positions. Select the position you wish to hedge, and click OK.

 

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Hedge a Position from the Open Positions window

Right-click on the position line in the Open Positions window, and select Hedge Position from the menu. The Hedge Position dialog will appear.

 

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Enter the desired number of lots into the “Amount” field. You can hedge a position partially or fully.

 

Note: By default, you are offered to fully hedge the position.

 

Press OK to confirm the hedge.

 

Note: You can hedge an existing unhedged position on an account with insufficient usable margin. You, however, cannot open a new position on an account with insufficient usable margin.