TRADING FOREX ON THE FabTraderGO PLATFORM

Transcription

1 TRADING FOREX ON THE FabTraderGO PLATFORM

2 WHAT IS FABTRADER GO? Designed to be fast and as easy-to-use as possible, the FabTraderGo is a web-based trading platform that can be used from any HTML5-compatible web browser, from any device. The world s most intuitive multi-asset trading platform WHY FABTRADER GO? Worldwide Market Access Cutting Edge Innovation Fast & Simple Excellent cross-device experience Faster, more reliable connection to the market

3 FIRST-TIME STARTUP EXPERIENCE When you first enter the platform, you are guided through a few short steps to set your platform up to your requirements including: Regional preferences, language and number formats Trading product and regional preferences used to build watchlists of the most popular instruments for your selected region to get you started. Note: products not selected will be hidden to simplify the platform. You can enable these trading products under the Trading Products from the Platform menu. 1 Select Language 2 Regional Settings 3 Trading Products 4 Setup Complete These settings can later be changed under Platform Settings available from the Platform Menu.

4 TRADER ON YOUR DESKTOP Watchlist/Trade Board where you monitor and trade instruments Account Services Access to Account Services Instrument Search Chart chart allows you analyze price movements, offers technical studies and annotations and you can trade directly in the chart Position and Order Management where you manage your open trade positions and orders Account Toolbar your account balance and margin available

5 SEARCHING A NEW INSTRUMENT The header in the FabTraderGO platform offers quick access to Search to find instruments quickly. Click the product icon on a search result to open a menu of actions THE WATCHLIST The Watchlist is where you monitor instruments you are interested in. Watchlist Selector allows you to access your own watchlists and access predefined watchlists for instruments you enabled on your platform during startup. Watchlist Selector quickly select a customized or standard Watchlists Edit Watchlist add new instruments and Add new instruments My Watchlist your own customized Watchlist Remove instruments New Watchlist create a new (empty) Watchlist Standard Watchlist select pre-defined Watchlists for an exchange or region Drag to rearrange instruments

6 THE WATCHLIST The Watchlist is where you monitor instruments you are interested in. Watchlist List Mode When in Edit, click LAYOUT to change the Watchlist type and the columns: Single row list (Desktop only) Single Row mode allows you to show most instruments Layout > Single Row Show instruments on one line Double row list Double Row allows more information to be displayed for instruments in a limited screen area Layout > Double Row Show instruments on two lines The Watchlist is where you monitor instruments you are interested in. Selecting Columns When in Edit, click LAYOUT to change the columns shown in the Watchlist: The Columns shown, shows the columns currently included in the Watchlist. The highlighted columns are the columns currently visible in the width the Watchlist has available. To add a column to the Columns Shown, drag it into the required position in the list. The Trade Ticket allows you to place trades and orders for a selected instrument and to add related orders to protect your trade (stop-loss orders) and take profit if the trade reaches your target price. Trade directly from the Trade Board: Click to Enable If 2-click trading enabled, click the Bid or Ask button to Enable trading. If the trade buttons are green, the price is a live tradable price price you see is price you get. Trade Board Tile mode allows you to trade instruments quickly Trade instruments from the Watchlist by clicking the button on the price field. Layout > Trade Board Show instruments as tiles in a Trade Board Trade from your Watchlist Click the price button to open the Trade Ticket. You can also open the Trade Ticket by searching and selecting instruments to open them in the Overview and clicking the Trade button in the header bar. Trade selected instruments from Overview Panel Select an instrument from: Search, Watchlist, Positions or Orders and click Trade.

7 PLACING TRADES AND ORDERS Placing a Live trade To Trade an FX cross live tradable prices, select Trade from the Trade/Order selector. If the buttons are green, the price shown is the price you will be filled at. To add related orders to your order or trade, click the Add related orders link: Green prices are only available when the market is open for: If the market is closed or live prices are not available, you can use market orders to place a trade at the best price available from the market. Add Limit order Select Limit to add a related limit take profit order to your trade Select Trade To trade immediately on live (green) prices Add Stop order Select a Stop type to add a related limit stop loss Apply order to your trade Placing a Forex trade To place a Forex Trade order, select Trade from the Trade/Order selector. Trade and order confirmation All trades and orders will be confirmed quickly after being placed. Instrument Price Shows the current and today s high/low price Order type Select order type from Trade/Order Trades/Order confirmed All Trades and order are confirmed quickly after being placed. Please Buy or Sell order Click Buy or Sell to place the buy or sell order Add Stop loss/take profit Click link to add a Stop loss and/or a Take profit order to your Trade order.

8 MANAGING TRADE POSITIONS MARKET OVERVIEW The Position Management pane allows you to keep open positions In focus and manage your trades. Open trade positions manage your open trade positions Close Position From the Close column Real-time profit or loss The Market Overview panel gives an overview of price information, charts and news for instruments selected from the: Search field Watchlist Positions List Orders List The Market Overview shows: The price actions, including Last Traded, Bid/Ask, Today s low and high, the market status and the Bid and Ask size (for stocks) A Chart of the price for the selected time range from 1 day to 5 years Any News stories A Company Snapshot giving the company fundamentals Indicates Instrument added in a custom watchlist Add Price Alert Manage Stops and Limits add, remove or edit stop or limits on positions Full position details Open Trade Ticket ACCOUNT TOOLBAR The Account Toolbar shows you your Account Balance available for making new cash trades your total Account Value and the Margin available for opening new Margin positions. Chart range selection Overview Chart Instrument News

9 CHARTS The Chart allows you to have up to 4 charts for the selected instrument with different types, time periods and studies. Full screen/restore Add/remove charts ACCOUNT SERVICES Account services are from the Account tab at the top of the platform and include: Account overview Account Performance * Cash management transferring funds to and from your account * Subscription management managing subscriptions to live exchange prices, news services and Equity Research * Instrument trading conditions Reports statements, trades executed dividend payments, etc * Activity Log Link/Unlink to Watchlist Select time period Chart Type Technical studies Drawing tools Trade in Chart * Features available only for live account.

10 FOREX ORDER TYPES Market Order Limit Order Orders to buy or sell a specified instrument as soon as possible at the price obtainable in the market. Limit orders are commonly used to enter a market or to take profit at predefined level. Limit orders to buy can only be placed below the current market price. Limit orders to sell can only be placed above the current market price. Aggressive Limits - Fab allows for the placement of slightly in the money limits (for clients to use as a limited Market order) - the tolerance is currently set at 0.05% away from the relevant market price. Stop Order When a limit order is triggered, it is filled at the price obtainable on the market. Limit orders are generally filled at the limit price. However, they may be filled at a better price during larger market gaps, for instance during the market opening period (Monday, 05:00 Sydney time) or during news events. Limit orders are never filled at a price worse than the original limit price. Forex Stop orders are commonly used to exit positions and to protect investments in the event that the market moves against an open position. Stop orders to sell are placed below the current market level and are executed when the Bid price hits or breaches the price level specified. Stop if Bid / Stop if Offered Order Stop orders to buy are placed above the current market level and are executed when the Ask price hits or breaches the price level specified. Stop if Bid orders are typically used to limit losses on short positions. Stop if Offered orders are typically used to limit losses on long positions. This is to prevent orders from being triggered just because of a temporary large spread (maybe for a split of a second). Fab therefore encourages you to only use Stop if Bid for Buy orders and Stop if Offered for Sell orders. To help you select the right Stop order type, the FX Order Ticket on the platforms automatically defaults to Stop if Bid for Buy and Stop if Offered for Sell orders unless you actively change it before placing the order. Stop if Bid orders to buy are when triggered most often filled at the order level plus the client spread, which means no slippage. During volatile markets with price gaps, orders may be slipped to the current market offer price. Stop if Offered orders to sell are when triggered most often filled at the stop order level minus the client spread, which means no slippage. During volatile markets with price gaps, orders may be slipped to the current market bid price. Stop if Bid orders to sell are when triggered filled at the client Bid price at the time. Stop if Offered orders to buy are when triggered filled at the client Offer price at the time. The use of Stop-if-Offered orders to buy or Stop-if-Bid orders to sell for Forex positions can result in positions being prematurely closed if a market event causes the Bid/Ask spread to widen for a short duration. Fab s order management system has certain client protection mechanisms in place that ensures that the vast majority of orders are filled without any slippage. Trailing Stop Order For all three stop order types available, a client can choose Trailing functionality. The order is then adjusted according to step and distance to market, predefined by the client. A Trailing Stop Order has a trigger price that changes with the spot price, when the market moves in favour of the client. For example: in a rising market, if the client has placed a sell stop order for his/her long position, the stop price rises according to the proportion set by the user. If, however, the market price falls, the stop price remains unchanged.

11 ADDITIONAL INFORMATION LEARN MORE ABOUT FOREX FOREX TRADING CONDITIONS GENERAL EDUCATION PROTECTION OF CLIENT FUNDS Contact Information: Phone: Whatsapp: Skype: support.fab