CFD Tutorial 1 Agenda Beyond Insights Info in Face Book Halifax Platform overview Entering Trade Orders With a) Profit & Stop Loss b) Partial Profit & Stop Loss
Beyond Insights Documents in Face Book
Scroll down to select your Document/File/Recordings etc
Setting up your Halifax Platform for trading Open Workspace
Step 2 in FB Step 2: After watching video you are ready for opening the zip file Step 1. Watch this video first to get instructions for setting up Beyond Insights Preset Work Space
Step 3 Unzipping! Double Click here & you will immediately open Halifax
Step 4: You got it! Here are the three tabs
Step 5: Saving your Personal BI Workspace Click here to save & personalise your work space
Step 6: Name your workspace Type in your name BI Work Space. Then click Save
Step 7: Verify your workspace is saved Your Rock Star Trader Name
Congratulations you are good to go! Your Rock Star Trader Name here
Beyond Insights Workspace Your Instant preset Trading Set Up for your Halifax platform. 3 3 Major & Important Tab features 1. CFD Trade 2. Charts 3. Subscription
Major Features of Halifax Platform CFD Trading
CFD Trading Trades Positions in Open Positions
When you cant find your Trades Positions in Open Positions
Open Orders For all your Trade Orders yet to be executed iepending Orders & all Limit & Stop Loss Orders
Example of Limit & Stop Loss Orders
Check your accounts & past Trades info in Account Statement. Demo version not activated
Check your trade activities in Demo via Account Open Activity Log
Activity Log to access info for both Demo & Live accounts
Activity Log info list
Charts Tab in BI Workspace has Charts with different chart preset indicators for your reference
2 nd Chart from left has 3 EMA loaded
Chart 3 with all BI Indicators loaded
3 rd Tab for Live feed subscription & Trading Info
3 rd Tab for Live feed subscription & Trading Info: Commissions etc
3 rd Tab for Live feed subscription & Trading Info: Interest Rates
Interest Rates calculation No of Units x Share Price = Value of Shares 1 Unit x $600 per Share=$600 Interest: 600 x (Libor Rate + 0.03%Margin) 365 600 x (0.0025% + 0.03%) 365 = $0.05 x 1 Unit = 0.05c Per Day
Important Note Please Ensure you follow Money management rule of 2% risk per Trade Therefore always enter the correct size per trade Please do not have Total open positions that exceed 50% Margin of your capital All the above examples are for educational purposes only
Halifax Tutorial Order Entries How to enter a Pending Order How to change your Open Position to a) Full Profit Target and b) Partial Profit Target Part 2: How to enter a Market Order We are using MSFT & US Tech 100 with 100 Units as an example Note: All Stock Ticker, Prices, Units, Target Prices & Stop Loss levels are for samples Trades only
Entry for Pending Trade Order
Ensure you select USD Account when trading US Markets: For Live Accounts Only
Entry for Pending Trade Order Right click on CFD Stock
Pending Trade Order Window
Entry for Pending Trade Order Please note: Live account Commission & Margin defers from Demo Check correct Stock & Ticker Check correct Order: Buy or Sell Pending Orders so choose Limit Commission Full value of Stock Margin required by broker Order is Good Till Canceled Check Live or Demo account Select Number of Units Change your Entry Price here Interest by Broker Change your Target Profit Price here
Entry for Pending Trade Order Change your Target Profit Price here Change Stop Loss here
Check & Confirm your Order
Order Placed: Print out to keep records of your trade. Demo version don t have trade history only activity log
Check your order in Open Orders
When your Pending Order gets Filled and has now moved to Open Position Your Pending Order Entry Price is Hit and now becomes an Open Position Trade The Trade is now Live *Please note that your Trade Order MUST be in Live Open Position to be able to take the following steps
To access New Open Positions if you cant see your trade Select Trading Click on Open Positions & then Click on New Open Positions New Open Positions Window Pops out
Check & verify your Trade Order filled & in the Open Positions Check your stock in Open Position
Change your order to take Full Profit for 50 units AFTER your order is in Open Position Highlight both line orders & Right Click Click on Change Order
Change your order to take Full Profit at 50 units AFTER your order is in Open Position
Confirm your Full Profit Order at 50 Units
Order Accepted & Changed
Part b: How to Set & Complete Partial Profit Target So Far you have Changed your Pending Order to take Full Profit at 31.01 We will now initiate another Linked Trade called OCOOne Cancel Other Meaning the trade Order will be linked to your original Buy Order of 100 Units MSFT
How tolink order to take Partial Profit AFTER your order is in Open Position Part b: Select the same stock in Watchlist Click on CFD Orders Right Click on your Stock
How to change your order to take Partial Profit AFTER your order is in Open Position Change the Price to 30.50 Ensure same number of units for Stop Loss. Stop Loss level remains the same
Order Confirmation
Order Done for Partial Profit
Verify your Partial & Full Profit in Open Orders Ensure Sell for your BUY position Target Price for full profit. Stop Loss remains Number of units now match Total stock of 100 Units Partial Profit Stop Loss remains
Part 2: Trade Entries at Market Step by Step to enter a trade at Live Market Steps to set your Partial & Full Profit taking settings Stop Loss settings Note that CFD Trade is available only at Market opening time. We are using US Tech 100 as an example Please note all Stock Ticker, Prices, Units, Target Prices & Stop Loss levels are for samples Trades only
How to enter a Trade Order at Market iecurrent Market Price when market is open Right Click on CFD US Tech 100 Live Market Click on CFD Trade
How to enter a Trade Order at Market Steps to do Partial & Full profit Targets
How to enter a Trade Order at Market Activating your BUY/SELL ticket window Change to 100 Units
How to enter a Trade Order at Market Note that you would need to click on the Enable button to see the Buy & Sell Click on Buy to Trade
This two Ticket window will appear Set your Full Target Profit & Change 100 Units to 50 Also set your Stop Loss level Then Print your order
After changing your Unit quantity click Place Order
Confirm your Order then click OK
How to enter a Trade Order at Market
Entering an OCO (One Cancel Other) for 2 nd Profit Target Right Click on US Tech 100
Your confirmation needed for execution
Always Print out your Trades for your Trading plan
Check your Partial & Full Profit Targets in Open Orders
Trades all done! Well done you have completed the lesson! Please note all the above examples are for educational purposes only We would strongly recommend you follow the Money Management rule to succeed in your trading Happy trading from all of us at Beyond Insights