Demo trading checklist

Keep your finger on the pulse with our trading to-do list, including creating a watchlist and managing your risk.

CMC Markets

Finding an instrument

Use the search and filter functions in the product library to find the products you want to trade.

The diagram may help you understand some of annotations below.

  1. Type in the name of the product you want to search
  2. Filter by cash or forward products
  3. Filter products by type, region, price performance and volatility

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CMC Markets

Open a chart

  1. Find the product you want a chart for in the product library
  2. Select >
  3. Select chart from the dropdown menu that appears

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CMC Markets

Place a trade

  1. Choose any buy or sell price to launch an order ticket
  2. Check the buy and sell prices and spread between them
  3. Decide whether you wish to buy or sell the instrument
  4. Choose the buy or sell price to switch between a buy or sell order
  5. Enter the pounds per point you want to buy or sell
  6. Choose the type of order you'd like to place
  7. Confirm or cancel your trade

Tip: watch this video to learn more about the different order types available on our trading platform.​

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CMC Markets

Close a trade

  1. Open your positions window
  2. Close an open position by clicking on the (X) next to the position details

Tip: you can also close a position by placing an opposite trade, unless you have disabled 'Account Netting', but you may find the way described above easier.​

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CMC Markets

Use a watchlist

Create watchlists containing your favourite products for easy access when you need them.​

Create a new watchlist using the menu, then add products using their dropdown menus, or simply drag and drop a product into the watchlist module.

Tip: watchlists are a great way of keeping track of price movements on the instruments you're monitoring, while also giving you easy access to order tickets and charts.​

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CMC Markets

Set a stop order

Stop-loss orders allow you to specify a price at which a position will be closed out by the platform if the market moves against you.

Tip: stop-loss orders are usually used to close out existing positions. They help to reduce your risk and protect your capital. You can also use stop orders to open a new position.

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Spread betting and CFD trading can result in losses that exceed your deposits. Ensure you understand the risks.