The first trade: everything on this screen is one thumb away (Philippines)
Placing an order on a phone takes about two seconds, and that is the entire difficulty. This page slows those two seconds down into four fields, one deliberate pause, and one row to read afterwards.
Make the first one a practice order on a demo account, so the routine is learned where a mistake is free. On the order screen four things get decided: which instrument, which direction, what size, and where the exit sits. Only the first three are strictly required by the app — the fourth is required by you, because it is the one that acts while the phone is in your pocket. Then confirm, and read the row that appears rather than the number you hoped for.
The four fields, and what each one is really asking
| Field | The question behind it | Where the answer comes from |
|---|---|---|
| Instrument | What is this about? | The quotes list — one name you can read |
| Buy or sell | Which way has to happen? | Your reasoning, stated before opening the screen |
| Size | What is one pip worth to me? | The calculator, before the app was unlocked |
| Exit level | Where does this stop without me? | A distance in pips, from the chart |
The pause, in four checks
Between filling the fields and confirming. On a wide screen these are glances; on a phone they have to be a decision, because everything is within reach of the same thumb.
-
Which account is this?
Read the label, not the balance. Every other check is worthless if this one is wrong.
-
Does the size on screen match the size you wrote down?
Digit by digit. A stray zero on a numeric keypad is invisible at a glance and multiplies every outcome tenfold.
-
Is the exit level actually entered?
Not intended — entered, and visible in the field. This is the check that pays for itself on the first night you forget the phone on a table.
-
Scroll down before you tap
The figures the screen prints for this order — what it holds aside, what a pip is worth — usually sit below the fold on a phone. Reading them costs one swipe.
What to read once the row appears
Three things, in this order. First: does the row say what you meant — the right name, the right direction, the size you checked? Second: is the exit level attached to it? Third: the figure beside it will already be slightly negative, and that is normal — a position opens on the far side of the spread, so the market has to move a little before the row reads zero.
Then leave it alone. On a phone the temptation is to watch, and watching is how a plan becomes an improvisation at a bus stop. If the position is meant to run into the evening, finish the before-lock checks and put the phone away.
What the confirm button does not include
- A guarantee about the price. The order fills against what exists when it arrives, not against what you were looking at.
- An undo. A position can be closed, but it cannot be un-opened, and the spread has already been met.
- A judgement about the size. The field accepts anything the account supports; it knows nothing about your month.
- A promise of any kind. Many people lose money when they start trading, and a first order is a rehearsal, not a plan for income.
Questions about the first order
Should the first trade be on a demo?
It costs nothing to learn the routine there — same screens, same fields, virtual money, no time limit.
Which instrument should it be?
One name you can read without hunting. Familiarity with the screen matters more at this stage than the choice itself.
What size should a first order be?
The one your own figures produce — a share of the account, turned into a size by the exit distance. Not the number already sitting in the field.
Why is my brand-new position already showing a loss?
Because it opened on the far side of the spread, the gap between the two quoted prices. Nothing has gone wrong.
Must I set an exit level?
The app will accept an order without one. A phone will not, in practice: the level is what closes the trade while the screen is dark.
What if I tap confirm by accident?
On a demo, you write a line in your notes. On a real account it is a position — which is exactly why the routine is drilled on the free side first.
Can an order be placed straight from the chart?
Usually yes, and it skips the scroll where the order's own figures live. Worth opening the full screen anyway until the routine is automatic.
How long should the first position stay open?
Long enough to be read once calmly. A trade left overnight also shows you the overnight adjustment, which is worth seeing once on virtual money.
What is worth writing down afterwards?
Instrument, direction, size, exit distance, the platform's hour, and one sentence about why. Six items in a phone note.
The result does not match what I expected. Who explains it?
If it concerns the account, Exness support — 24/7 in the app and the personal area. If it concerns a word or a figure on these pages, the help page.
Before and after the tap
The size, decided first
Three inputs that settle the field before the screen is open.
Open the calculatorMake the first one cost nothing
A demo account puts the same order screen on the same phone with virtual money behind it: an email, a password, no documents, no time limit. Drill the pause until it happens by itself.
Open a free demo at Exness