Trading Tips – Step 2
If you’re new to trading and have taken your first steps with your trading account, perhaps even executed your first trade, this guide is here to help you continue building your knowledge.
We’ll provide practical insights into how currency conversion works when trading in foreign currencies, how to expand your trading permissions to access additional products and markets, and how to enable real-time market data to support your trading decisions.
These tips are intended to support your development as a well-informed investor. Please remember that all trading involves risk, and it is important to understand the characteristics, costs, and conditions of the products you trade.
Currency Conversion
In LYNX+, currency conversion is made simple with just a few clicks, allowing you to seamlessly invest in international exchanges. To understand the currency conversion process, you can find more information here.
If you prefer using TWS, please refer to the following page for guidance on currency conversion: Currency Conversion in TWS.
Trading Permissions
Interested in trading new products or exploring new markets? You can broaden your trading horizons by expanding your permissions through the Client Portal. Simply log in, access your settings, and apply to trade options, futures, or other products.
To learn how to apply for new trading permissions via the Client Portal, click here.
Real-time Market Data Subscriptions
Real-time market data is usually essential for a trader. You can access both free and paid subscriptions through the Client Portal. After logging in and navigating to the Settings and Market Data Subscriptions menu, you will find an overview of all market data sorted by geographical region. From there, you can easily subscribe or unsubscribe.
You can find complete instructions on how to subscribe to market data here.
Go back: Introduction
Before we take the next step in your trading journey, it’s always valuable to revisit the basics. Returning to the Introduction can reinforce your foundation and help you approach more advanced topics with greater confidence. Let’s circle back to the first steps and ensure you have a solid grasp of the essentials before we continue your trading education.
IntroductionUp Next: LYNX Service
As you advance in your trading journey, it’s essential to know that our LYNX Service team is there to assist you. Discover how our Service Center, Remote Assistance software, and the LYNX+ Client Zone, can enhance your trading experience. Let’s explore the support system that ensures you’re never alone on your trading path.
LYNX Service