Tradenet's Trading Room User Guide

Transcription

1 Tradenet's Trading Room User Guide Welcome to Tradenet's Trading Room! The experience you are about to have will be exciting and enjoyable. You are about to team up with the professionals! Before actively participating in Tradenet's Trading Room we thought it worthwhile for you to become familiar with the trading fundamentals so that you can maximize the enjoyment and knowledge base you gain from the experience. What is a Trading Room and Who Needs a Trading Room? Our trading room is a pivotal tool in the trader's professional development path. Hundreds of traders from different countries connect daily in our trading rooms, creating one of the world's largest trading communities. A team of professional traders work hand in hand with the budding traders; we refer to this team of pros as "Analysts." The analysts are independent professional traders, who inform the trading room members of the details of their real-time private account transactions. Trading room members can hear and learn about analysts' transactions, presenting the analysts with questions and can even share with them and the other trading room members through "The Chat Window" details of their own transactions. The connection is entirely via the internet without the need to leave the comfort of one's home. In the trading room, on a daily basis, tens of transactions are presented and fleshed out using real-time graphs, accompanied with verbal and written analyst explanations. In the trading room, fast-paced intraday transactions are illustrated, together with Swing Transactions lasting a number of days, enabling each trader to reveal the strategy best suiting him/her along with the ideal type of stock and analyst for his/her trading style. The trading room commences about 10 minutes before the opening of the trading day on Wall Street (9:20 EST) with stock reviews, a glimpse into world markets, technical analysis of previous trading days, a daily trading forecast, and a presentation about the interesting stocks set to become Wall Street's "hot stocks" for each given day. Connecting to the Trading Room: 1. Click the following link to get to the screen connecting you to the Trading Room: 2. Click the username and password that you received from Tradenet in the appropriate places and click on the orange button to connect.

2 Are you connected? Activity begins immediately! First off though, we'll learn how to activate the trading room. The trading room is divided into 2 key areas: 1-The Display Window. The display window is the place where analysts share their trading screen with the trading room members, give real time presentations or simply depict charts on the electronic board trading sessions which are conducted weekly in Tradenet's Trading Room. 2-The Chat Window. In the chat window you can read what other traders and analysts are writing and you can also share your opinions, trading ideas, asking questions and interacting with the other traders hooked in at the same time as you. The chat window creates a trading community.

3 3.The Traders' Window. In this window the user names of all analysts' names. Left clicking on the mouse on the analyst's name will open an options' menu, via which you'll be able to send a private message to an analyst or silence the voice of an analyst using the <Mute> feature. Please remember that just like yourselves, the analysts are busy managing their own transactions, so it's possible that if you send an analyst a private message it may take him/her time to answer. In the event that you do not receive a response to your private message, write the question in the general chat field. This way, all analysts can see your question or inquiry, together with the other traders. The <Mute> option enables you to create a custom-tailored audio environment. If you are interested in listening to only a number of analysts or even just one analyst, do not hesitate to mute the other analysts' voices. At any stage, you are able to open muted channels anew.

4 Announcements: Real Time Signals The trade room includes an advanced signaling system. This system will transmit the message signal directly and immediately to the main screen the moment one of the analysts wants to present a new trade idea. Signals will usually be presented in the following manner: Long: A signal connoting a trading idea of the type, "long," will usually be presented as follows: TEVA>42 This means a planned purchase of TEVA if its price exceeds $42. Short: A signal connoting a trading idea of the type, "short," will usually be presented as follows: TEVA <42 This means a planned sale short of TEVA if its price falls beneath $42. NOTE: Clicking on the <Announcement> tab will display before you the history of all the trading room signals throughout the course of the day. This option is especially relevant if you have entered the trading room late and you are interested in seeing the list of all the day's signals or if you're interested in assessing the success rate of all the active analysts on that given day. This is a superb learning tool.

5 Documents: The Trading Room Library The trading room is a resourceful learning tool for traders of every level, for beginners and advanced traders alike. Before beginning trading, the professional trader needs to do his homework. Daily, the trading room manager releases a professional report that reviews the previous trading day, provides a forecast for the coming trading day, presents a weekly Economic Calendar, a list of companies expected to report during the course of the week, noteworthy stocks for intraday trading and Small-cap stocks, as well as an update of the state of the stocks held by the members of the Swing Club. To review the daily report, click on <Documents> and select <StockReport>. Note the date on the <Stockreport> line and make sure that it's the desired date. In the event that you're trading together with the Swing Club members, you're sure to want to review the <SwingUpdate> report which will present you with an update of the value of the club's stock portfolio, the stocks which we're planning on trading and an update on our profit targets, our exposure reduction points and protection points for the stocks we hold in the investment club. We wish you the greatest success in using the trading room services and hope that it will be a resourceful and effective learning tool in the process of your development as professional stock traders. Shlomo Cooper, Trading Room Manager