> ## Documentation Index
> Fetch the complete documentation index at: https://docs.xblu.io/llms.txt
> Use this file to discover all available pages before exploring further.

# The trading terminal

> What each part of the trading screen shows.

![The trading terminal](https://mintcdn.com/xblu/w0Wp6w4XTfxdrP8i/images/en/terminal.jpg?fit=max\&auto=format\&n=w0Wp6w4XTfxdrP8i\&q=85\&s=d19fc0cbacccc40196ff190b936ae903)

Open **Trading** to reach the terminal. It has five parts.

## The top bar

From left to right:

* **Trading**, **Portfolio**, **Accounts** and **News**.
* The chart layout buttons: one chart, two, or a grid.
* The mode menu, **Live** or **Paper**, and the trading account menu, which shows the name of the account your orders go to.
* The balance of that trading account. Click it for the **EQUITY**, the **MARGIN**, the **FREE MARGIN**, the **MARGIN LEVEL** and the **STOP-OUT**.
* **Deposit**, the notifications bell, and the gear, which opens **Settings**.

## The instrument bar

It shows the instrument the ticket trades: its name and favourite star, its session, its price, its 24h move, its spread, its 24h high and low, and whether the market is open.

Click the instrument's name to choose another. The list has tabs for **Forex**, **Indices**, **Stocks**, **Commodities** and **Crypto**, a search, and your **Recent** instruments. You can also press <kbd>/</kbd> to search.

### Market states

| State | Meaning |
| - | - |
| **Market Open** | You can open and close positions. |
| **Market Closed** | No new order fills. Open positions stay open, and overnight financing keeps accruing. |
| **Low Liquidity** | Spreads may be wider and the maximum leverage is reduced. |
| **Always Open** | The instrument trades around the clock, such as crypto. |
| **Closing soon** | The maximum leverage is temporarily decreased. |

Stocks also show their session: **Regular hours**, **Pre-market**, **After-hours** or **Overnight**. Outside regular hours, the spread can be multiplied; the badge says by how much.

## The chart

Candles, line or area, with drawing tools and up to three indicators per chart. Your take profit, stop loss, limit orders and open positions are drawn on it as lines, tagged on the price axis. Drag a TP or SL line to move it.

## The order book

On wide screens, a column shows the order book: the consolidated depth of several crypto venues for crypto instruments. Click a price level to fill the ticket at that price. Nothing is sent until you confirm.

## The ticket

Where you place orders. See [Place an order](https://docs.xblu.io/en/trading/place-an-order.md).

## The positions panel

Tabs for **Positions**, **Open Orders**, **Order history** and **P\&L**. It shows a **Live** or **Paper** badge, your **Unrealized PnL** and **Close all**. See [Manage positions](https://docs.xblu.io/en/trading/manage-positions.md).

## On a phone

Below 1024 pixels wide, the terminal becomes one page. A fixed **Long** / **Short** bar sits at the bottom: tapping a side opens the ticket as a sheet, with the volume, the leverage and the required margin before you confirm.

![The terminal on a phone](https://mintcdn.com/xblu/w0Wp6w4XTfxdrP8i/images/en/phone.jpg?fit=max\&auto=format\&n=w0Wp6w4XTfxdrP8i\&q=85\&s=5864738b4534d8281c58c51894001d0e)


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