USER GUIDE. Market Order. Foward Contract. Spot Contract
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- Rudolf Wilkins
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1 USER GUIDE V2 Spot Contract Foward Contract Market Order
2 Login Page Online Trading Home Page Simply click Login at the top right hand side of our main website. Enter your username & password, and click Login If your account is approved, you will be presented with this screen and the opions to: Make a money transfer; Place a market order; Use the currency tools If you do not see the make an international transfer button, then your account is not yet approved and you need to call us.
3 Process Start > Currency > Amount > Recipient Details > Payment Details > Confirm > Summary Transacting with Currency Online is a simple 5 steps process, and your progress will be tracked on this bar. All the required steps are clearly summaried. When you are ready, please click Start.
4 Enter your Sold Currency - The currency you are sending to Currency Online Enter the Currency you wish to purchase - The currency you want to send to your recipient Enter the amount you require Choose whether you want to sell an exact amount of your Sold Currency, in this case NZD, or if you need an exact amount of your Bought Currency to be sent to your recipient. Click Continue Click Get Estimate If you are entering into a spot transaction (Buy now, Pay now), please leave this field as ASAP. If you want a forward transaction (Buy now, Pay later), please choose the date you need to pay your recipient. Note: If you enter into a forward contract you will need to pay a deposit initial margin immediatedly and the remainder by the value date agreed.
5 This panel shows a summary of your transaction to review as you progress through the 5 steps. Once happy, Click Continue. You can choose to enter: 1. Provide your recipient details later or, 2. Attach the recipient details now. You can attach a preloaded recipient or create one in the dealing process by clicking Create recipient. Step 4 confirms what you need to do to complete your transaction. When you have read this, you need acknowledge that you understood the process, tick the box and click Continue.
6 The confirmation page allows you to review your transaction and lock in the rate of exchange for your transaction. When you are happy and want to enter into a legally binding contract, please click Confirm. Note: the rate will refresh every 5 seconds, you need to click confirm to lock in your rate Lastly you will be provided with an on-screen contract note for the transaction you have entered into. This will also be ed to you. If you have any questions or concerns please contact us immediately.
7 MARKET ORDER If you are not happy with the current rate of exchange you can create a market order. Market orders allow you to agree your desired rate and we will watch the market for you. When your desired rate is achievable, your mareket order will trigger automatically and you will enter into a legally binding contract. To start, click Create New Order.
8 MARKET ORDER Select the type of order The currency you want to sell The currency you want to buy The amount of either sold currency or bought currency you need Click Show Current Rate You will then be able to see the benefit to you if your desired rate is achieved versus the current market. Once you are happy, click Create New Order.
9 MARKET ORDER All active orders will be displayed in this grid. At any time you can view, edit or delete orders from this grid by simply clicking on the reference - MO in this example. IMPORTANT: An active order will create a legally binding contract when your rate is reached in the foreign exchange market. All orders are good til cancelled, if you no longer need to enter into this transaction you must cancel your orders prior to the market reaching the desired level to ensure you do not have an unwanted contract exposure.
User Guide. Setting a Market Order. Adding a Beneficiary. Making a Transfer
User Guide Adding a Currency Online Ltd (ARBN 154 565 296 ) holds and Australian Financial Services Licence (AFSL) No. 415643 and is regulated by the Australian Securities and Investments Commission (ASIC).
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