An Associate of the UOB Group A UTRADE FX ELITE QUICK START GUIDE

Transcription

1 An Associate of the UOB Group A UTRADE FX ELITE QUICK START GUIDE

2 Contents UTRADE FX QUICK START GUIDE About The Application... 1 Starting With the Application...1 Getting Started... 2 Logging In...2 Changing Your FX Trading Application Password...3 Exiting FX Trading Application...4 Using FX Trading Application...5 Working with Orders...6 Placing Orders...6 Invalid Orders... 6 Placing a Market Order... 6 Working with Positions...10 Closing a Position

3 About The Application UTRADE FX Elite is an easy-to-use, fully customizable FX Trading Application that enables you to trade currencies on the Forex market. It provides a variety of unparalleled options. Multiple order types that provide complete control of order timing and execution. Chart trading, which enables you to trade directly from a range of customizable charts. Execution based on positions, which enables you to make informed decisions based on account information. Support for a variety of home currencies. Support for multiple languages. Real-time account information. Starting With the Application Upon enrolling onto the trading platform, your Account Manager will provide you with your FX Trading Application User ID and Password. Use these credentials to log into FX Trading Application. If you do not receive your credentials, contact your support representative. Note: User IDs and Passwords are case-sensitive. Passwords must contain a minimum length of at least eight (8) characters, and include at least one uppercase character and one number. All new passwords must be different from the prior password. 1

4 Getting Started FX Trading Application provides an easy-to-use interface for trading on the Forex market. This section of the FX Trading Application Quick Start Guide contains the procedures for accessing that interface and a basic overview of the interface itself. For a thorough description of the FX Trading Application interface, refer to the section the User Guide. Logging In Upon enrolling onto the trading platform, your Account Manager will provide you with your FX Trading Application User ID and Password. Use these credentials to log into the application. Note that the User ID and Password are case-sensitive. In order to log in to FX Trading Application, you must have first installed the application on your machine, which places an icon on your desktop. The URL to download the application is stated in your cover letter sent to you during after you have successfully opened your live trading account. To log in: 1. Double-click the FX Trading Application icon on your desktop. The Connect dialog appears. 2. Click the Server dropdown list and select the sever you want to log in to. In this example, the Demo server is selected. For live trading account, select Live server. 3. Click in the User ID text field and enter your user name. 4. Click in the Password text field and enter your password. 5. Click Connect. Note: If you have not received your User ID and password, contact our support team. Your User ID and password are case-sensitive. 2

5 Changing Your FX Trading Application Password Once you have launched FX Trading Application and logged into the system, you can change your password. Passwords are required to have a minimum length of at eight (8) characters, including at least one uppercase character and one number, and be different from the prior password. Remember that passwords are case-sensitive. To change your password: 1. Log in to FX Trading Application. The FX Trading Application interface appears. 2. Click the File menu and select Change Password. 3. The Change Password dialog appears. 4. Click in the Old Password text field and enter your current password. 5. Click in the New Password text field and enter your new password. 6. Click in the Retype New Password text field and enter your new password. 7. Click OK and you will see a dialog box informing you that your password has been successfully changed. 8. Click OK to close dialog box. 3

6 Exiting FX Trading Application To exit FX Trading Application: 1. Click the File menu and select Exit. 2. If you have active orders, a Verify Exit dialog box will appear reminding you of the active orders. 3. Click Yes to exit anyway or click No to close dialog box to go back to the FX Trading Application. 4. If you have changed your FX Trading Application layout in any way, the Save Layout dialog will appear, asking you if you want to save the current layout. 5. Click Yes to save layout or click No if you do not want to save the layout. 4

7 Using FX Trading Application Upon successful log-in to FX Trading Application, you will see the interface as below. This is where you perform all your currency trading activities (buying, selling, protecting open positions, etc.), as well as maintenance (generating reports, settings alerts and preferences, saving layouts and creating Chart Templates, etc.). For more information on how to use the functions, please refer to the User Guide. 5

8 Working with Orders Orders are your instructions to buy or sell currency pairs. FX Trading Application s flexible features enable you to work with several different types of orders: Market Orders Limit Orders Stop Orders If Done Orders Trailing Stop Orders One Cancels the Other (OCO) Orders Using FX Trading Application, you can submit orders, track their progress, change unfulfilled orders (except Market Orders), protect positions, and close positions. Placing Orders FX Trading Application provides a very simple interface for placing orders, the Place Order dialog. The features provide everything you need to submit Buy and Sell Orders in a timely and secure manner. You access the Place Order dialog through the buttons in Instrument Panel. Each currency pair listed in the Instrument Panel has a Buy and Sell button. Clicking those buttons activates a Place Order dialog, pre-populated with the price at the time you clicked and default trade options: the default trading amount, expiry type and partial fill enabling. Along with the terms of the trade, you can change the default trade options to suit each individual trade. Note: If the FX Trading Application is not receiving rates on either or both sides of a currency pair, it disables the Buy and Sell buttons for that currency pair. Invalid Orders If you enter invalid values into the Place Order dialog, Viking disables the Place Order button, thus preventing you from placing invalid orders. Viking also displays a message at the bottom of the dialog that tells you how to correct the situation. For example, if you enter an amount that too small, Viking grays out the Place Order button and instructs you to enter at least the minimum allowed amount. Placing a Market Order A Market Order is an order to buy or sell a currency pair at the current market price. When you place a Market Order, that order is released to the marketplace and filled at the best available price. As long as there are interested buyers and sellers, a Market Order is usually filled. However, because filling a Market Order can take some time, the price at fulfillment may not always be the price when you placed the order. Important! Market Orders are subject to extreme fill. 6

9 The FX Trading Application Instrument Panel enables you to easily submit Market Orders. To place a Market Order: 1. Log in to FX Trading Application. The FX Trading Application interface appears 2. Click either Buy or Sell in the Instrument Panel, whichever is appropriate. You can also click the Pip display (the large numbers in the currency pair s panel). Click Sell Click Buy Note: If you are using the Instrument Grid, locate the appropriate currency pair and double-click the row. 7

10 In either case, the Place Order dialog appears. Appears when Buy is clicked. Appears when Sell is clicked. Use this dialog to place your Market Order. 3. Click the Expiry Type dropdown list and select an expiration type. Your options are: GTC (Good Till Cancel): Orders that FX Trading Application places and that remain in the market until it executes or cancels them. GTD (Good Till Date): Orders that FX Trading Application places and that remain in the market until it executes them, cancels them or at the close of the market (5 PM New York Time) on a day you specify. The exception is with NZD currency pairs, which may expire earlier in the day. DAY: Orders that FX Trading Application places and that remain in the market until it executes them or until they expire, at 5 PM New York Time. The exception is with NZD currency pairs which may expire earlier in the day. Click here 4. Click the appropriate Allow Partial Fills radio button. By default, Yes is selected. 8

11 Click appropriate radio button 5. Highlight the number in the Amount text field and enter the appropriate purchase amount. Note: If you are trading in Lots, highlight the number in the Lot text field and enter the appropriate lot amount. You can also click the Up or Down arrows to the right of this field to increase or decrease the existing amount. Highlight and enter new amount 6. Click Place Order to place the order. FX Trading Application will place the order for immediate execution at the current market price. Note: For information on how to place other types of orders, please refer to the User Guide. 9

12 Working with Positions A Position is a currently open trade: the amount of a currency that you either own (known as a long position) or have borrowed (known as a short position). FX Trading Application enables you to both close and protect open positions. Closing a Position You can use the Close Position buttons in the Position tab to close any open position. To close an open position: 1. Log in to FX Trading Application. The FX Trading Application interface appears. Click here 2. Locate the appropriate position and click its Close button. The Close Position dialog appears. 3. If partial fills are enabled and you want to partially close this position, highlight the amount in the Amount text field and enter the amount with which you want to partially fill this position. You can also click the Up or Down arrows to the right of this field to increase or decrease the existing amount. Highlight and enter 4. Click Place Order. Note: For more information about the FX Trading Application, please refer to the User Guide. 10