Forex Trading Platform User Guide

1. Dealing Boxes - one per currency pair; view real time bid/ask rates; click on the BUY or SELL to instantaneously execute a trade.
2. Rate Summary - quick snapshot of current bid/ask, today's high/low, etc. - by currency pair.
3. Position Management - summary view of all open positions. Place, monitor, and cancel orders.
4. Economic Calendar - Weekly listing of upcoming economic reports, including date & time, country, forecast, previous and actual.
5. Charting - access the charting tool by clicking "Charting" tab.
6. Margin Analysis - information about margin, P&L and account balances.
7. Activity Log - lists each action completed or attempted in your account.
8. Deal Blotter - provides pertinent details on all open trades, as well as trades that have been closed out during the current trading day.
9. News - 24-hour streaming news service from RTT News provides actionable market news and analysis.
10. Commentary - expert market analysis provided by our senior traders.
11. Trading Tools - FX trading tools, including Technical Analysis.
12. Reports - access to several ad hoc reports for data export or printing.
13. System Login/Logoff -access user configurable settings and logoff.
14. Minimize Button - Collapses the platform to create a dashboard view; allows you to monitor the market while working in other applications.

By offering instantaneous execution from live, two-way prices, clients are always certain that the available prices are "at the market". Dealing from live quotes offers traders the advantage of anonymity and faster execution. Normal execution times are sub-one second, currently the fastest execution available from ANY online Forex platform.

Step 1: Enter number of lots to trade
Use the pull down list or type in
the number of lots (1 lot = 100,000 of the first currency)
you wish to trade.

Step 2: Deal
Click Sell or Buy button to execute the trade.

Step 3: Confirmation A green box confirms the deal was executed, with a "you bought, you sold" statement confirming the precise details of the trade and a confirmation number. A red box will say "deal not accepted" followed by the reason.

Upon successful execution of a new position (meaning there was no existing position in the currency pair just traded), you will be prompted to enter a stop loss order. Auto Order Prompt can be enabled on the Logon/Profile tab. A Stop Loss, Single or OCO order can be entered for the full amount of the new position. IMPORTANT NOTE: All orders remain open until they are triggered or manually cancelled.
	**IMPORTANT** Only Position Orders, which are entered from and monitored in the Position Management window, are automatically cancelled when the corresponding position is squared or closed. All other orders remain open until they are triggered or manually cancelled.
Upon completion of the order details, click on [Confirm] to submit the order.
Upon acceptance of the order, the details become visible in Position Management With an associated order in place, as the position changes, the face amount of the order automatically adjusts to match. IMPORTANT NOTE: Position Orders appear in Position Management all other orders appear in Order Management. NEXT: Squaring Your Position

Auto Square: Gives clients the ability to exit a position with greater ease. To close out the entire open position in a specific currency pair, click on 'SQR' to automatically executes an offsetting trade. You can also review the trade details in the Activity Log or the Deal Blotter.

The Auto Square button is intentionally limited to only allow for the maximum deal size (number of lots) associated with your account. Therefore, if you have an open position that is larger than your maximum deal size, you will need to use the dealing boxes to close out your position incrementally. For example, if your max deal size is 25 lots but the total value of your position is 30 lots you will need to a) incrementally reduce your position via the dealing boxes to 25 lots in order to utilize the Auto Square function or b) simply close out the entire position incrementally utilizing the dealing boxes.

**IMPORTANT – Position Orders, which appear in Position Management, are automatically cancelled when the corresponding position is squared or closed. All other orders remain open until they are triggered or manually cancelled.

Point and Shoot

FOREX Trader's Point and Shoot tool enables you to drill down into a position, view the individual trades that comprise that position, and close any individual trade that is part of your overall position in any currency pair.

In the example below, the trader is short 200,000 (2 lots) AUD/USD. This position is the result of selling 100,000 (1 lot) at .7422 and another 100,000 (1 lot) at .7424.

To use point and shoot, drill down into the position by clicking on the currency pair name in the positions management window (Figure 1).

Figure 1



Figure 2 is the detail view of the AUD/USD position, showing each individual trade detail, including size, deal rate and date.

Here, you can select and close any trade with a single click of the mouse. Simply click on the 'close' button and you will automatically be closed out of that trade.


Figure 2



In this example, 100,000 USD are bought by clicking the Close button at far right. The deal is confirmed and removed from the screen. (Figure 3). Click Exit to return to the main Position Management window.


Figure 3



Click Continue to return to the Point and Shoot Detail Screen, which shows the remaining 200,000 trade.

NEXT: Position Orders  

To modify or cancel a Position Order click on the ' PO' button next to the limit or stop rate you wish to adjust. This will open the Auto Limit/Stop Order dialog.



Click on the [Cancel Order] button to cancel the Position Order or Click [Modify] to make any changes as required.
Click on the [Modify] button to confirm any changes made to the Position Order.



Any modifications made can be seen in Position Management.

IMPORTANT NOTE: If an order is not already associated to a position, click on ' PO' to open the Auto Limit/Stop Order dialog. Set up the order as required and click [Modify] to submit the new order. 

Position Management

Currency: The column lists all available currency pairs, even if you don't have an open position in that pair.

Net: Lists the net total of all your current positions in that currency pair. It represents the amount of the currency in which lots are traded. For example, if you were long 300,000 AUD at one rate and sold 500,000 AUD at a different rate, your Net total would be –200,000 AUD.

Average Rate: The average rate of your open positions. Represents the rate at which you would have to close your position to end up flat.

Reval Rate: The current rate at which you could close out your position. If you are long, the system uses the current bid rate (and vice versa) to determine your unrealized gain/loss and P&L.

P/L ($): The profit or loss in USD that you would realize if you closed your position now, at the rate currently available.

Limit: If you have a limit order placed,the rate at which your order will be filled is indicated in this column.

Stop: If you have a stop loss order placed, the rate at which your order will be filled is indicated in this column.

PO: The PO button allows customers to enter, modify, or cancel Position Orders. Position Orders are orders that are "linked" to a position.

SQR Button: Gives clients the ability to exit a position with greater ease. Pressing the SQR button automatically executes an offsetting trade to close out the entire open position in a specific currency pair. If the trade is successful, the Net column will show 0, and the deal will appear in the Deal Blotter. To confirm all trade details, check the Activity Log. Squaring or closing out a position will automatically cancel a corresponding Position Order.

P&S: Point and Shoot, this tool enables you to drill down into a position, view the individual trades that comprise that position, and close any individual trade that is part of your overall position in any currency pair.

**IMPORTANT – Squaring or closing a position will automatically cancel a corresponding Position Order. All other orders remain open until they are triggered or manually cancelled.

The position management window is user configurable. To rearrange the column order, click and drag the header right or left until it shifts. To adjust the column width, hold the cursor over the cell dividing line to get a double arrow. Click and drag right or left to adjust width. Click on a column heading to sort the rows by that category.

More Detailed information will be discussed in our Forex Training Sessions.....Coming soon.