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What Happens After You Click Buy or Sell?

Order lifecycle knowledge leads to better trade management

Many traders believe that clicking Buy or Sell is the end of the decision-making process. In reality, it is only the beginning of what is known as the Order Lifecycle—a sequence of stages a trade goes through from execution to closure and documentation.

First: Order Placement (Tap)
Once you click buy or sell, the order is automatically routed to aggregated liquidity venues through your trading platform.

Second: Order Execution (Fill)
The system selects the best available market price, executes the trade, and a confirmation appears along with a ticket ID, which serves as the trade’s unique reference.

Third: Post-Trade Phase
After the position is opened, profit and loss update in real time as the market moves. Trading costs such as commissions are applied, and swap (overnight interest) is charged or credited if the position is held past the trading day’s close.

Fourth: Trade Journal (Journal)
This is the most overlooked step, yet one of the most important. Traders are advised to save a chart screenshot, record the reason for entry and exit, trade management notes, and the final result. This process is essential for improving performance and building a long-term edge.

Pro Tips

• Around major news events, consider using stop or limit orders instead of market execution.
• Always keep a screenshot of the chart and your ticket ID.
• Maintain a trading journal to review performance and refine your strategy.

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