This article gives you an overview of all the things you see in the CEX.IO Broker Trading Terminal. It will get you oriented on the platform and help you understand what each element means.
The Trading Terminal consists of several components:
- Header area is where the important metrics, such as your trading account Balance, Equity, Profit/Loss are displayed. You can also manage your funds, switch between accounts, and toggle between one-click and double click trading modes from the header menu.
- Chart area is where you monitor prices. You have a number of chart modifications and a variety of analytics tools at your disposal to help you analyze price movements and make your decisions.
- Watchlist is a section on the right from the chart that shows the up-to-date bid and ask currency prices as well as spreads. The currency pairs you see are the ones available for you to trade.
- Order Book is a very important indicator of the market depth. There you can find an actual list of both buy and sell orders, that are updated in real-time.
- Messages area is located directly under the Watchlist and shows the notes relevant to you, such as maintenance notifications, order placement, order execution, etc.
- Positions area directly under the Chart is where you see a number of tabs displaying the current state of all your positions as well as position history and order history. From here, you monitor the performance of your positions and close them if you need to.
Let's take a closer look at each section and what main items there mean:
The first row:
Manage Funds dropdown is a place where you Add Funds, Withdraw Funds and view your Payment History.
Help button is where you find answers to any questions you may have and reach our support team by opening a ticket.
Add Funds button is the quickest way to top up your trading account. Notice, you only see this button when you are logged in and have at least one LIVE account.
When you are not logged in, you will see the button “Register” instead. And when you are logged in and only have a DEMO account, there will be a “Start Live Trading” button.
Up[number] is your user ID, the one that identifies your user account. Pressing on the dropdown, you can access the Fee Schedule, your Account Statements, as well as your current Active Sessions.
The second row:
Regular Trading dropdown is where you switch between one-click and double-click trading modes. One-click trading mode is useful when you need to rapidly send new orders, cancel working orders, and close positions. Double-click trading mode, on the other hand, helps you to avoid impulsive trades and makes you double-check every input.
Balance is your current balance of funds on this specific trading account, displayed in the trading account currency (which you’ve determined when you made the first deposit on this trading account).
When you open a position, your Balance is diminished by the amount of the open fee.
When you close a position with a profit, the profit gets added to your Balance. And, if you close a position with a loss, this realized loss gets subtracted from the Balance.
Equity is the sum of the account Balance and FPL (Floating Profit or Loss). It reflects the value that’s on your trading account at any point in time. If your FPL is positive, the Equity will be larger than the Balance. If your FPL is negative, the Equity is smaller than the Balance.
Equity = Balance + FPL
While the Balance does not change when the same positions stay open, Equity always changes because FPL does. The moment you close all your positions, your Equity becomes equal to your Balance, FPL turns into realized profit or loss and gets added to the Balance.
FPL, or Floating Profit or Loss, represents the sum of all open positions’ profits and losses. While positions are open, the metric flows reflecting the price changes and affects the amount of Equity on the account.
FPL is calculated as the difference between the Current Price and the Open Price of an asset multiplied by the Position Size.
FPL = (Close Price - Open Price) * Position Size
Used Margin is the amount of collateral necessary to support the positions that are currently open. The more funds you tie in your positions, the less remains available to open new ones. Since the price of assets changes, the amount of Used Margin also changes. For one position:
Used Margin = Current Asset Price * Position Size / Leverage
Used Margin is pretty intuitive: if you open a position size for 1 BTC with 2x leverage, you only need half of the current BTC price to establish the position.
Usable Margin is how much margin can still be used to open new positions. The more margin you have tied up in the open positions the less remains available for new ones. Yet, since the unrealized profits add more Equity to the account, the higher Equity means to more Unused Margin available.
Usable Margin = Equity - Used Margin
Margin Level is an important risk indicator that traders watch closely. The higher the margin level the more funds are available for a trader to open more positions. The decreasing Margin Level can be a red flag for potentially crippling losses and nearing Margin Call. Read more about Margin Level in This Article.
LIVE indicator shows the type of your trading account. When you have a DEMO account open, you will see DEMO instead.
Right next to the LIVE indicator, you will see the Account Name, which starts with the letters representing the trading account currency and followed by the numbers unique for this trading account.
2. Chart Widget
On top of the Chart widget, you can use the dropdown to select which currency pair chart you want to be displayed.
On the top right corner, there is also a Menu button where you can tweak the chart settings (also available right on the chart field and explained below).
If you look at the chart field, the green and red bars, called candles, represent the movements of the prices.
The X-axis represents the time period in the context of the specified time interval on one candle. You can use the slider on the axis to move the displayed time period to look back “into the past”.
The gray bars above the X-axis show trading volumes for each candle.
The Y-axis displays the price range in which the candles on the chart are located.
Now, let’s turn to the widgets on the top part of the Chart from left to right:
Sell button (with price display) allows you to open a Sell (Short) position in a pair indicated on the chart.
Dropdown with numbers is a selection of a default position size. It is also called Lots number. For example, if you select 0.5, when you what to open a position, the default position size in the form will be 0.5. Lots number is given for your convenience, and you can change it anytime.
Buy button (with price display) allows you to open a Buy (Long) position in the pair indicated on the chart.
Dropdown with the time interval lets you choose the time interval for one data point in the chart. If your chart is displayed in candles (the next setting), each candle will display the selected time interval.
Dropdown with candle bars is a selector for the type of chart you want to be displayed. You can choose between Candles (the default setting), Bar and Line.
Dropdown Crosshair with Floating Databox is where you select whether you want to display the crosshair and the relevant price data on the chart when you hover the cursor above it. Your options are to display the crosshair with the databox (the default option), to only display the crosshair or to not display it at all.
Dropdown to open a Limit / Stop order allows you to open a limit or a stop order when you click on a specific price point on the chart.
Dropdown with Drawing Tools provides you numerous instruments for drawing lines and making notes on the chart.
Button with a Flask is a place where you can customize and add various analytics indicators to the chart.
Button with a Gear is where you can further change the chart settings, configure its Appearance and Paddings.
3. Watchlist Widget
There are 5 columns in the Watchlist section:
- Symbol - shows currency pairs;
- Bid - displays Bid prices, also marked as Sell;
- Ask - displays Ask prices, also marked as Buy;
- Spread - the difference between the Bid and the Ask;
- Chg% - price change over the past 24 hours as a percentage.
The Menu icon on the top right of the Watchlist lets you add more columns that you wish the widget to display.
When you click on any of the currency pairs, an extended window will open where you will see:
- Sell button with the current price, which allows you to open a Short position by clicking on it;
- Buy button with the current price, which allows you to open a Long position by clicking on it;
- Spread size is displayed between the Sell and Buy buttons;
- Bid price mini-chart at the right side of the window;
Just like in the chart settings, there is a Dropdown with numbers above the Sell and Buy buttons. This Dropdown lets you specify the default position size (or Lots Number) the same way you do in the chart. If you change it here, the number will also update in the chart.
The numbers to the left and to the right of the Lots Number Dropdown represent the lowest and the highest prices in the last 24 hours respectively.
4. Order Book widget
Orderbook widget is a representation of the current available liquidity on CEX.IO Broker. At every level of price on both BUY and SELL side, you can see the volume of limit orders placed at the current moment. The left side - for BUY orders, and the right side - for SELL orders. CEX.IO Broker works with the liquidity providers to maintain the liquid order book. Hence, the numbers reflect the combined orders on all liquidity providers at each specific price level.
5. Messages Widget
In this widget, you will receive the following message types:
- Messages about successful actions, like opening and closing of positions with the relevant information;
- Message about unsuccessful actions, such as errors or rejected orders;
- Information messages, like planned technical work.
5. Positions Widget
There are four tabs in the Positions Widget header:
- Positions tab shows currently open positions and the key indicators for each of them. You can close a position by pressing an “x” all the way to the right.
- Position History tab shows the history of your positions for the last 14 days;
- Orders tab shows the statuses of the working orders at the moment;
- Order History tab shows the history of the orders you’ve placed for the last 14 days.
The Settings icon located all the way on the right is where you can configure the columns to display certain information about positions or orders.
Note: if you double-click on the existing position, you will be able to modify your position’s protection settings, set Stop Loss and Take Profit prices or deactivate them.
This concludes the overview of the Trading Terminal and the important concepts you need to understand trading on CEX.IO Broker. If you are ready to put your knowledge to practice and play around with the tools, head over to the Trading Terminal and see what you can do!