Managing Live
Positions.
Once an order is filled, managing the position is where Forex and exchange market operations are won or lost.
Open positions, pending orders and account status sit in the same browser window as your charts.
Managing Live Positions in Short.
Entries get all the attention; managing live positions is what actually determines the result. The TM9 Web Platform keeps open positions, pending orders and account status in the same browser window as the charts, so checking where you stand takes a glance rather than a context switch.
The decisions that matter here are best made before the position moves. Where the stop sits, what would make you exit, and whether you would add or reduce — settled in advance, those are rules; settled mid-move, they are usually rationalisations. The platform will execute either, which is precisely why the discipline sits with the trader.
Pending orders deserve the same periodic review as open ones. Orders left over from an idea you have since abandoned tend to fill at the least convenient moment, and clearing them takes seconds.
Because everything runs in a browser, a position can be managed from any computer you can log in from, with the same stop and the same history attached. Market conditions affect execution and trading carries a real risk of loss. For the complete picture, see the TM9 home page.
Inside Trade Master 9.
Open positions, pending orders and account status sit in the same browser window as your charts.
Watching What Is Open.
Monitor and manage open positions, orders and account status from the browser.
What to watch
- Open positions and their levels.
- Pending orders still waiting.
- Account status behind both.
Decisions made in advance
Where the stop sits and what would make you exit are better settled before the position moves than during it.
From anywhere
Because it runs in a browser, a position can be managed from any computer you can log in from.
What Management Actually Means.
Three notes on the half of trading that happens after the entry.
In practice
Reviewing pending orders as often as open positions is a habit worth keeping. Orders left over from an abandoned idea have a way of filling at the worst moment.
Worth knowing
Market conditions affect execution, and outcomes depend on spreads and liquidity as well as on your decisions. Trading carries a real risk of loss.
Who it is for
This page is for traders holding positions through the day, and for anyone building a routine around managing rather than entering.
Where Position Management Sits.
Why open positions share a window with the charts that justify them.
The order types do the deciding
Every order type is available — two market types, six pending types, two stop orders and a trailing stop — and the point of all of them is that the decision is made before you need it. A stop placed while you were calm is worth considerably more than one placed while watching the position move against you.
Good to know
TM9 is a software development company and does not provide investment or brokerage services. The platform supplies the trading terminals, analysis tools and automation; your broker holds the funds, sets spreads and leverage, and executes the orders the platform sends. Trading carries a real risk of loss, and signals or robots are tools rather than financial advice.
Read next
Trading Tools in the Browser. Trading Without Desktop Software. A Beginner Start. Or open the Platform Guide for all 77 pages.
More Pages to Read.
The TM9 Manager Terminal for broker desk teams, included in every license tier.
Market DepthThe advanced Market Depth in Trade Master 9 shows resting orders and supports exchange-style…
Market Research ToolsTools for market research in the browser: charts, indicators, analytical tools and market…
Or jump to the TM9 Guides and Platform Guide hubs, or the home page.