TD Spread Trading User Guide

Transcription

1 TD Direct Investing TD Spread Trading User Guide Welcome to TD Financial Spread Trading, a trading name of London Capital Group Ltd (LCG) A TD Financial Spread Trading account offers you a quick, flexible and easy online spread betting service. We are committed to quoting amongst the best prices in the industry. Whether you re an active trader, an experienced investor or just starting out, a TD Financial Spread Trading live or demo account has the tools to meet your needs. Spread trading carries a high level of risk to your capital and you can lose more than your initial. This type of account may not be suitable for all investors therefore please ensure spread trading meets your investment objectives and if necessary seek independent advice. For the purpose of Financial Spread Trading, TD Direct Investing is introducing you to London Capital Group (LCG) and all dealing, administration and settlement is carried out by them. London Capital Group is a leading provider of online Financial Spread Trading. TD Direct Investing receives various commission revenues from LCG in direct relation to the transactions made by you. London Capital Group will provide further detail regarding the commission payments upon written request. TD Financial Spread Trading is a trading name of London Capital Group Ltd (LCG) which is a company registered in England and Wales under registered number: LCG is a wholly owned trading subsidiary of London Capital Group Holdings plc (LCGH plc) which is registered in England and Wales under registered number: LCG is authorised, regulated and registered (number ) by the Financial Services Authority. The registered address for LCG and LCGH plc is: 2nd Floor, 6 Devonshire Square, London, EC2M 4AB. TD Direct Investing (Europe) Limited (a subsidiary of The Toronto-Dominion Bank). Incorporated in England and Wales under registration number Registered office: Exchange Court, Duncombe Street, Leeds, LS1 4AX, United Kingdom. Authorised and regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS, United Kingdom (Financial Services Register Firm Reference Number ), member of the London Stock Exchange and the ICAP Securities and Derivatives Exchange. VAT Registration No

2 Introduction How to make an online trade: Spread trading with TD Financial Spread Trading couldn t be simpler. For greater speed and anonymity, you can trade online or if you prefer, we also offer a full telephone service. Please note that you will need an account as contract notes are sent via and your statement is only available online. The following information gives you a step-by-step guide on how to place a spread trade. Important notes: n Please note that every trade generates an automatic stop-loss, which you can amend when you place a trade or at a later date via your Order Book. These stops are not guaranteed. TD Financial Spread Trading n Please do not assume that we operate our business in the same way as other spread trading companies. Full details of how we conduct our business can be found in our T&Cs. n Examples used within this guide are for illustrative purposes only and are not intended as recommendations. If you have any questions at all, please don t hesitate to contact us either by on or telephone. The instructions provided here relate to both a Live Trading Account and Demo Account.

3 Introduction Log in to your account using your chosen username or password. If you have forgotten either of these please contact us by telephone on. If you have a Live & Demo account, the two accounts are completely independent of one another and therefore you will require different User IDs and passwords for each account. Enter your User ID and password on the right hand side and click the login button.

4 Introduction Before you begin trading, you will need to some funds into your account. You can calculate the minimum amount required by looking at our Market Information sheets which are found on our homepage. To calculate your minimum, select the product you wish to trade and then multiply your trade size (i.e. how much you wish to trade per point) by the Minimum IMR detailed in the Market Information. For example, if you wish to trade on the UK 100 Rolling daily with 1 per point, you would multiply 1 x 30 (Min IMR for UK 100 Rolling), your initial would be 30. If you want to place a trade on a share, you can find details of the Min IMR on our website in the i or information button located to the right of the product. Your automatic stop-loss is calculated as 80% of the funds on your account or if you have sufficient funds on your account, the system will generate a stop-loss calculated at 80% of the Max CGSL (computer generated stop-loss). If your stop-loss is set at the MAX CGSL level, you can move it closer in or further away by amending your stop-loss (see details to follow). In the UK 100 Rolling example above therefore, your stop-loss will be set at 24 points away from your opening trade. More information about Stop-Losses follows.

5 Introduction Funds can be ed online or over the telephone by debit card. To fund online, click the Credit My Account button and follow the instructions. Further details about ing funds can be found in the Customer Support section.

6 Making a trade Click the TRADE button and the trade ticket will appear in a new column to the right-hand side.

7 Making a trade Now all you need to do is adjust your stake and decide if you wish buy or sell. Live prices will continue to update until you click the buy or sell button. You can choose your stake by either using the up or down arrow or typing in the stake manually. At the same time as placing your trade you can set the level at which you wish your mandatory stop loss and limit order (if you want one) to be. Remember, stop losses* are automatically allocated to every open trade, but you can specify the level yourself at the time of opening a trade. *Stops are subject to slippage, but we do offer the ability to place Guaranteed Stop Orders on some markets. Guaranteed Stop Orders come at a premium. See the Market Information Sheets for more information. Once you ve clicked either the buy or sell button and your trade has been accepted you will get on screen confirmation plus confirmation by .

8 Making a trade If you notice any discrepancies, please contact us immediately, preferably by telephone.

9 Making a trade If you already have a trade ticket open, you can click on TRADE next to another market in order to launch another trade ticket. The second one will be launched above the previous trade ticket in the column on the right-hand side. You can open as many trade tickets as you want, but it is not possible to open more than one trade ticket in the same market. You can click the tear-off icon and your trade tickets will be opened in a new window.

10 Making a trade If you decide to close your trade, you can do this by clicking on the Open Positions tab to view your s. In this page you will see a CLOSE button on the right hand side. If you click this button, you will only be given one option either a buy or a sell depending on the direction of your original trade. For example, if you had a buy position you would need to sell to close so only the sell button will appear when you click on the close button. Alternatively, you can close your trade by finding the original product that you traded, ensuring that the stake size is equal to your original and then making a trade in the opposite direction. For example, if you make a 5 buy to open, you will need to make a 5 sell to close.

11 Making a trade If you have opened more than one individual trade in the same contract, the total stake will be shown with the average opening price. For example, if you bought 1 per point on the UK 100 Rolling at 5050 and then bought another 1 per point at 5100, your would show a buy of 2 per point at Each has a + symbol next to it which will reveal each individual trade if you have a position with multiple individual trades (as explained in the paragraph above). This allows you to close your trades in any order you want. If you do not want to cherry pick which, the closing trades work on a first in, first out basis. This means that if you initially buy 1 a point in the UK 100 Rolling Daily at 6000 and then subsequently by another 1 a point in the same market at 6005 (leaving you long 2 per point) the first sell you make will close out the first position opened, in this case the buy at So, if your first sell was at 1 per point at 6010 then you would realise a profit of 10 on that trade. ( ). If your second sell was at 6007 then this would close out you second buy (6005) and you would realise a profit on this trade of 2 ( ).

12 Making a trade If you decide you want to lower your initial stake and partially close a position you can do this by either finding the original product that you traded and adjusting the stake size (which will be less than your original stake) and then make a trade in the opposite direction or by clicking on the close button in Open Positions and using the down arrow to adjust your stake lower. In the example above, you initially made a 5 buy to open and then you decide you want to partially close your position to make your stake size 2. You would need to sell 3 to close this part of your position.

13 View and/or amend your Stop Loss, Limit Orders and New Orders You can find details of all Stops, limit orders and new orders if you click on the Order Book tab. You can see whether your order is a stop loss, limit or new order. Click the AMEND button to amend your stop loss. Stops cannot be cancelled, they can only amended. It is also possible to amend any of your attached Stops or limit orders from the Open Positions window. To do this you have to reveal your open trade by clicking on the + symbol and then you will notice that the ORDER button appears. Please note, whilst Stops will be filled at the level you request, in the rare event of the market gapping you ll be filled at the next best level and no stop/order will be filled outside our quoting hours. If you are unsure of our quoting hours, please refer to the Market Information sheet. We also offer the ability to place Guaranteed Stop Orders on some markets which will protect you against any market gapping and there is a premium for this extra protection (see market information). As a general note, please be aware that all orders placed or executed on the TD Financial Spread Trading trading system are our quote.

14 View and/or amend your Stop Loss, Limit Orders and New Orders A stop loss order is the method used to limit the losses on an individual trade. It literally means, when the loss on a trade reaches the point where I no longer wish to risk any more money then close me out of my position (or stop me out). TD Financial Spread Trading automatically apply a Stop to every new trade. It is important to note that Stops will be filled at the level you request, but in the rare event of the market gapping you will be filled at the next best level. We also offer the ability to place Guaranteed Stop Orders on some markets which will protect you against any market gapping. There is a small premium for this extra protection (see market information). Every market has a minimum distance from the current price at which any stop will be accepted. You may move the stop further from the current market price provided your account has sufficient funds to do so. The system will not permit you to move your stop level beyond such available margin. When a position is closed, the stop loss relating to that trade will be automatically cancelled and you will receive an to confirm this. All stops are set to Good Till Cancelled GTC, however you can amend this on the order screen. In order to amend your stop loss and add a limit order right after you have placed a trade, you need to go to either the Order Book or the Open Positions window. When you click on the AMEND button, you will see this new ticket: If you do not amend your stop loss level after you ve traded, your stop loss will be based on 80% of the funds available in your account or it will be set at 80% of the maximum CGSL (maximum computer generated stop loss). Details of the maximum CGSL for each product can be found in our market information. On accessing the Order Book on the trading screen you will be able view all the current stop losses and limit orders that are running against your s

15 View and/or amend your Stop Loss, Limit Orders and New Orders A new order is an order that is not attached to any existing and is independent of any other instruction. A new order is used to open a new trade at a level in the market, which has not yet been reached. A new order is different from a limit order because a limit order is attached to an open trade and cancelled when the relevant position to which it applies is closed. The new order functionality is useful for placing orders at critical market points so that you do not have to be watching the markets every moment of every day to ensure that you do not miss an opportunity. Creating a New Order 1. To create a new order go to the product of your choice and click on the ORDER button. Once you ve clicked on the ORDER button, the order ticket will appear: 2. Specify your stake, the level at which you want your new order to be executed and whether it needs to be a buy or sell. 3. When placing a new order you can also specify where you would like the contingent stop loss and limit order level, if you wish. To place a new order you must have available funds when the trade is executed. If, when the system triggers your new order, you do not have your stake multiplied by the minimum IMR your new order will be cancelled.

16 Calculate the minimum Before you begin trading, you will need to some funds into your account. You can calculate the minimum amount required by looking at our Market Information sheets or clicking on the i button next to each market. To calculate your minimum, select the product you wish to trade and then multiply your stake by the minimum IMR detailed in the Market Information. For example, if you wish to trade on the UK 100 Rolling with 1 per point, you would multiply 1 x 30 (minimum IMR for UK 100 Rolling), your initial would be 30. If you want to trade on a share, you can find details of the minimum IMR on our website in the information button located to the right of the product. Your automatic Stop is calculated as 80% of the funds on your account or if you have sufficient funds on your account, the system will generate a Stop calculated at 80% of the maximum CGSL (computer generated stop loss). If your Stop is set at the maximum CGSL level, you can move it closer in or further away by amending your Stop. In the FTSE Rolling example above therefore, your stop loss will be set at 24 points away from your opening trade. More information about stop losses follows. If you have a Guaranteed Stop Order attached to an then the amount of margin taken will be the total capital you have at risk. For example, if you buy 1 per point of the UK 100 Rolling Daily and you have a Guaranteed Stop Order 50 points away, the system will use up only 50 of trading resources.

17 Calculate the minimum Funds can be ed online or over the telephone by debit card. To funds online, click the My Account button and follow the instructions. Further details about ing funds can be found in the FAQ section. > Please click here <

18 Calculate the minimum Once you have located a market, you can click the + symbol to the right of each market to save it to My Portfolio. This information will be stored in the My Portfolio section of your account for the next time you log in. To access My Portfolio you need to click on the button in the top right-hand corner of the trading platform. You can remove markets from My Portfolio. Simply click on the - symbol to the right of the market and it will disappear.

19 Trading Tools Your TD Financial Spread Trading account also provides you with an extensive research area that gives charting and fundamental data as well as extensive technical analysis information. Technical Analysis Although we cannot advise clients about what to trade in we can provide you with the very best technical research from third party providers. Their trading models provide many recommendations each day on the major markets that we offer. Fundamental Data There is also a full research area providing you with an economic calendar detailing all the economic and corporate data due to be released, heat maps, historical charting, top and bottom market movers and UK sector analysis. TD Financial Spread Trading accepts no responsibility for and has no control over the content (including legality, suitability, accuracy, timelines, reliability or availability) of any linked websites. The provision of third party content is for general information purposes only and nothing in this section should be construed as providing investment advice or a solicitation to purchase or sell any investment.

20 AMEND YOUR STOP LOSS, LIMIT ORDERS AND NEW ORDERS Contact Us Contact details for the UK Contact us by Telephone Trading Line: +44 (0) Monday to Friday, 7 am to 9:15 pm (UK time) Customer Support: +44 (0) Monday to Friday, 8 am to 7 pm (UK time) Contact us by Contact us by fax: + 44 (0) Contact details for the Rest of the World Contact us by Telephone Trading Line: +44 (0) Monday to Friday, 7 am to 9:15 pm (UK time) Customer Support: +44 (0) Monday to Friday, 8 am to 7pm (UK time) Contact us by Contact us by fax: +44 (0) Or if you prefer, you can write to us at: TD Direct Investing, 2nd floor, Devonshire Square, London, EC2A 2AW. Our Customer Support team are available to take your calls, respond to s, faxes and written correspondence weekdays between 8:00 am and 7:00 pm.