CMC Markets is a UK-based financial derivatives dealer. The company offers online trading in spread betting, contracts for difference and foreign exchange across world markets. CMC is headquartered in London, with hubs in Sydney and Singapore and a further 11 offices internationally.
If you already have a position open, click on 'Modify Trade', which is the silver cog located on the right-hand side of your trade within the positions window. This will launch the order ticket. Within the order ticket, click on either stop loss or take profit or both depending on what you are looking to do. There are three ways in which you can place these orders within the order ticket:
The left-hand side box is the area in which you can input the desired price for your stop-loss or take-profit order.
The box on the right-hand side will indicate how much money you are willing to lose or make.
You can amend the box on the right by clicking on the arrows above it. This will change the figure to show how many points away from your entry price you would like to place your stop-loss or take-profit order.
Please note that regular and trailing stop-loss orders are not guaranteed to be executed at the desired level and slippage can occur if the markets gap through your stop. Slippage often occurs because of volatility, perhaps due to news events. If you want to avoid slippage, you should add a guaranteed stop-loss order to your position (please see below).
Log in to the app, select 'Positions' at the bottom left of the screen and then select the position to which you would like to attach the stop loss or take profit order. Then select 'Stop Loss' or 'Take Profit'.