Shard Web Trader Quick Start Guide

Transcription

1 Shard Web Trader Quick Start Guide

2 Shard Web Trader is a web-based platform which gives online traders 24-hour access to a full suite of products such as Forex, CFDs, Futures, Options, Stocks and Bonds markets from anywhere in the world. This advanced trading platform does not require any download or installation and offers secure, efficient and reliable account access. Designed for quick and easy online trading and operation behind most firewalls, you ll never miss a trading opportunity again. Follow this simple step-by-step guide and start trading in no time. 1 Getting Started Setting Up Your Workspace 1. To start, go to the respective link below and enter your UserID and password: For existing client: For demo account: 2. The platform is divided into 4 main sections: a. The Tabs at the top of the screen give access to different functions Multi Asset, News, Research, and Account. b. On the top right hand corner of the screen, you can Enable/Disable Trading and make changes to the Settings. c. Your Workspace occupies the main portion of the window. d. Click on to add more Workspaces. 3. Trading is disabled by default as a safety feature. To enable it, click on Enable Trading. 4. Disable Trading now appears and this means that Trading has been enabled. To disable trading, click on Disable Trading. 5. Click on Settings to adjust various features including changing between Single-click and 2-click trading which allows you to confirm trades and orders. If 2-click trading is disabled, a single click would be sufficient to make trades and to place orders. Note: To receive live prices on Stocks or Futures, please subscribe to live prices for the relevant exchanges by. clicking on the Account tab, followed by Manage Subscriptions.

3 2 Add Your Preferred Instruments 1. To add your preferred instruments to your Prices and Trade watchlist, click on the icon on the top left hand corner. Type in the name or ticker symbol under Find for the correct instrument. Note: The colour codes symbolise the instrument type Green for Forex, Red for CFDs, Orange for Stocks and. Purple for Futures. 2. Alternatively, just type in the instrument name or ticker symbol into the New field Click on the instrument name to add it to the workspace.

4 3 Place New & Related Orders 1. To place a new order from your Prices and Trade watch list, click on the icon along the related instrument and a menu comes up. Click on Place Order. 2. A Trade / Order ticket pops up. Make the necessary changes and confirm them before clicking on Place Order(s). 3. If 2-click trading is enabled, you will be asked to confirm by clicking on Place Order(s). 4. The Trade / Order Confirmation pops up. Click on Close after verifying. Tip: You can place related orders by checking the Limit and/or Stop boxes. 4 Change or Cancel Your Open Orders 1. You can monitor your Open Orders under the Open Orders module. 2. To change an order, click on the order followed by Change Order. 3. To cancel an order, click on the order followed by Cancel Order. Click on Cancel Orders to confirm.

5 5 Manager Your Account, Margin and Open Position 1. You can consult the Account and Margin Summary module for an overview of your Account Value and Margin Utilisation. At the same time, please be familiar with our Margin Call procedures. 2. Check the New Open Positions module for an overview of your open positions. You can place related open orders or close positions directly from this module by clicking on the icon to expand your individual position details, followed by one of the following icons: Close position directly at prevailing market price Place a related Take Profit Limit Order (and a related Stop Loss Order if desired) Place a related Stop Loss Order (and a related Take Profit Limit Order if desired) Tip: Opposite positions will be squared off in a First-In-First-Out (FIFO) manner unless a position is closed directly or there is a related open order on an open position. 1. Shard Capital Stockbrokers reserves the right to stop out clients positions above margin utilisation of 100% and/or when the account value turns negative. 2. If the margin utilisation has reached 150% and/or a margin call has been executed continuously for over 47 hours, a stop out will be triggered immediately. 3. If your account value turns negative, Shard Capital Stockbrokers may sell all or part of your shares and/or any collateral held in your account in order to cover the deficit. 4. If your margin goes above 90%, a margin call pop-up will be issued on the platform and an notification will be sent simultaneously. 5. Opposite positions will be squared off in a First-In-First-Out (FIFO) manner unless a position is closed directly or there is a related open order on an open position. 6. Please note that we are unable to postpone any margin stop-outs and this is non-negotiable. Incoming funds must be received and cleared before they are booked into your account. 3. When closing a position directly, you have to confirm by clicking on the button. 4. When placing related orders, the following window will pop up. Check or uncheck Limit or Stop depending on how you would like to place those orders.

6 6 Customise & Link Your Prices and Trade Watchlist 1. Customise your columns in your Prices and Trade watchlist module by clicking on the icon. 2. Check the columns that you require (e.g. Last Traded, Ask Size, Bid Size and Volume are useful for stock and futures traders) and click OK. 3. Instruments can be removed by clicking on the instrument row followed by clicking on the icon followed by Remove. 4. Instruments can be sorted by clicking on Instrument to sort by instrument name. 5. Instruments can also be organised manually by clicking on the icon followed by Move up or Move down. 6. You can also link your Prices and Trade watchlist to other modules (such as Trade or Order modules) so that the module would be populated with the instrument that you had clicked on in the watchlist. 7. To link modules, click on the icon in the upper right hand corner of the module. A linked module is shown by the highlighted icon.

7 7 News and Economic Calendar 1. To view Streaming News, click on in the ribbon menu of a trading tab. 2. To view the Economic Calendar and other research reports, click on the News and Research tab. Tip: Price alerts can be set to notify you of price levels via and/or pop-up in the platform by changing the settings. 8 Add Charts 1. For simple charting, click on in the ribbon menu of a trading tab. Quick Chart module appears in your workspace. 2. For more advanced charting with technical indications and annotations, click on under the Add Module section of a trading tab. 3. Select the instrument and the chart will load as shown below. Feel free to add any technical studies and to make annotations as they are automatically saved.

8 9 Monitor Trading Conditions and Account Reports 1. Trading Conditions show the cost and trading conditions per asset class. 2. Click on the Account tab, followed by Trading Conditions. 3. Choose the particular asset class that you are interested in under the list type dropdown menu. To view other reports such as the Activity Log (which shows you everything that happens in your account), simply click on the report name. 10 Need Assistance? Click on the icon to access the help on any module or click on at the top right hand corner of the platform. Take your position. w w w. s h a r d c a p i t a l s t o c k b r o k e r s. c o m

9 Shard Capital Partners LLP One Tudor Street London EC4Y 0AH United Kingdom Tel: Fax: Shard Capital Partners LLP are authorised and regulated by the Financial Conduct Authority. Our FCA Register number is This can be verified on the FCA s Register at their website or by contacting the FCA on Shard Capital Partners LLP is registered in England & Wales under the Companies House Register OC RISK WARNING The value of Stock investments can go down as well as up and as a consequence investors may not realise the sum originally invested and is not guaranteed at any time. If you are unsure of the suitability of Share dealing specifically for you then you should contact an Independent Financial Adviser, authorised by the Financial Conduct Authority. Past performance is never a reliable indicator to future performance of investments. The geared nature of CFD s means that both profits and losses are magnified. If you do not use stop losses and your position moves against you, you could incur very large losses. In the event of a trade moving against you and reducing your cash balance, you may be subject to a Margin Call. This is to ensure you have sufficient funds in your account for the initial margin requirements to keep your positions open. If you do not have sufficient funds in your account or do not provide sufficient funds within the time required you may be forced to close your position and you will be liable for any deficit. CFDs are more suited to short term investors as opposed to long term investors due to the associated costs. As an investor, you do not have the right to a vote at the AGM or any other meeting. You are liable to pay out the dividend if you hold an equity position when they go ex-dividend. It is important to know you are trading contracts with the CFD provider, not physically trading in the underlying market. This means you don t actually own any assets. It is possible to lose more than your original investment if you do not use guaranteed stop losses and the position you are in is subject to slippage, gapping or a fast market.