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the Future Trader Manual

1. Flat Take Profit Order Margin Underlying Instrument Reuters Ask Bid Guaranteed Stop Order Slippage Gapping SENS Break Order Index Commodity A term indicating neither growth nor decline It is often used when a particular market is neither rising nor falling If you the customer have no positions in the market i e you had a long position but you recently sold you are said to be flat An instruction to buy or sell in order to close your trade once it reaches a certain level of profit When a Take Profit order is hit on a trade the trade is closed at the current market value Clients who hold open positions require what is called margin Margin is calculated as the amount of money you must have in your account to satisfy G1247 com that you are able to honour your debt should your position lose money Our trade prices are always based upon the prices of financial assets traded on various financial exchanges around the world These financial assets are the underlying instruments Prestigious international news agency and pricing service The quoted offer at which someone can Buy Also called the Offer Price The quoted price at which an investor can Sell a stock index or commodity A guaranteed Stop order ensures for a small fee that any losses are restricted to the amount you specify in a closing order both during and outside of market hours A Guaranteed Stop are a protection against
2. 1 Price Updates Move the ouse over the Reuters symbol to obtain the last price update The shading of the Reuters symbol is an indication of the last time a price update was received in the last second i omen i ne a DO a 4 seconds ago amp See Fy 6 seconds ago 2 Connection Speed Monitor your platform s connections by using the Connectivity indicator For an optimal trading experience ensure that your connection speed remains between 0 000 and 1 000 seconds 0 000 to 0 100 seconds e 0 101 to 0 500 seconds 0 0 501 to 1 000 seconds m0 1 001 to 1 500 seconds A 1 501 seconds oo connection error un E al 3 Action To ensure that you always know what s happening in the background the current action that your platform is performing is always displayed 14 lt GT2470COM gt FUTURE TRADER What s Stopping You How to In this section we show you how to get the most out of the Future Trader platform How to Log In Future Trader Usemame _ _ Password SSS 1 Launch Future Trader 2 The Login window will appear 3 Enter your username amp password and then click the Login button 4 Ifyou enter your username and password correctly Saturn Trader will launch in a separate window This may take several moments 9 If you enter your username or password incorrectly Future Trader will not launch and will revert to the login window Try re entering your login details and f
3. 3 413915 1121 9 05 41 00 a O N OOO0 lt 800 wY Gold Aprid a 2010 03 30 E 11315 121 9 05 41 00 WY JDGrouplic A nw i 0 0 0 0200 00 wY Nymex Lightc al 2010 02 18 17 3 7 69 70 40 PT 07 33 00 Wy Rand Godin a 211211 0 0 0 0 00 00 01 ey Slverdarto AN 20100225 4 1637 5 02 00 00 wy SugerNo tt gall 20100225 295 29 54 29 30 33 12 02 00 00 ey US Wheat Mar 2010 02 25 i 72 472 2 450 0200 00 F fi Watchlists are designed to provide easy access to products of interest You can create up to five watchlists to store any products you wish Quick Trade Ticket 2 ees Salect Buy or Sal SELL 29 34 BUY 29 64 The Quick Trade ticket streamlines trading one specific product at a time This ticket is geared towards the trader who is in and out of the market multiple times a day After selecting a product a trade can be opened with a mere 3 clicks at the price you want 11 lt GT2470COM gt FUTURE TRADER What s Stopping You Platform Overview Open Transactions Open Transactions Trades Order Trade 1D Product Expiry Buy Sell Risk Trade P Current Profit li Profit C Stop Lo TakePr Margin Trado D GStop Trailing Trane R Instr RIO i A i Buy 0 13443 13324 S 7 140 00 242 640 Sal 00 13259 13465 140 00 79 780 00 2010 02 Buy 00 204 13312 ER 1 300 00 280000 BOs OO 110341 11244 3 510 00 10 040 00 3819875 2070 07 900 11253 11354
4. The spread is a term borrowed from stockbroking If you ask a stockbroker for a Share price he will quote you two prices a price you can buy the share at and a price you can Sell it at The difference between the two prices is known as the spread The spread is the difference between the sell bid price and the buy offer price The process whereby a position approaching expiry is closed and similar position is opened in the next contract period Holding or opening a Buy position in anticipation of the underlying market rising To go long means to buy See Buy Holding or opening a Sell position in anticipation of the underlying market rising To go short means to sell See Sell A margin is the cash deposit you are required to make when you enter into a geared leveraged transaction The margin provides collateral to cover any losses that may result from your trade The action of reducing the risk of an outright position in one market by taking an opposite position ina similar or derivative market For example if you went long on Wall Street you might go short on the S amp P 500 In this case the hedge would not be exact However it is unlikely that Wall Street will move heavily in the opposite direction to the S amp P 500 Spread trading allows the client to buy or sell a financial product with substantially less money than the actual full market value of that financial product For example If you were to pl
5. GT 24 0C0OM gt What s Stopping You FUTURE TRADER User Manual Cape Town Office KZN Office Johannesburg Office Directors T 27 0 87 940 6110 T 27 0 87 9406090 T 27 0 87940 6000 Mark Barnes Chairman F 27 0 21425 9237 F 27 0 31 576 5088 F 27 0 112148028 Charles Savage CEO W gt247 com W gt247 com W gt247 com Gary van Dyk CFOO First World Trader Pty Ltd t a GT247 com is an authorised Financial Services Provider FSB License No 22588 lt GT2470COM gt FUTURE TRADER What s Stopping You Contents Spread Fada paola 3 TS Basi oa A A TSE 3 EXPLO cositas 5 UE peo poa A PP eee Serre er eer ate cere enter men eee nt ee em re eee reer 6 2 AGUNG bell US AAA a a 8 Oi Plattorm OST 9 eo PP E 15 A On a A E A iTA 36 6 CUSTOMISA DO atar ie 37 A misnpisenanideuiialas pen aipiaentinNis 41 8 Contact US oone a a e a r a l ra e geundieaeurededoneds 45 lt GT2470COM gt FUTURE TRADER What s Stopping You Spread Trading The Basics What is Spread Trading Spread Trading OTC Futures is one of the most exciting and potentially profitable ways to trade the world s commodities currencies and stock markets In simple terms Spread Trading is a system that enables you to profit from movement in a share price without actually buying the share If you go long buy on the price your profits will rise in line with any increase in that price If you go short sell your profits will rise i
6. Rolling over of trades is done after the market closes in the evening Orders In order to assist you in limiting your exposure to loss GT247 com offers a flexible range of orders automated instructions that can be used to either limit your losses or realize profits at specified levels Spread trading as with many other forms of financial speculation can carry a relatively high degree of risk A variety of order types can be placed to get in and out of the market with ease In Future Trader two orders exist Normal Order When placing a normal order the price you stipulate to buy or go long will be below the current Offer price and similarly the price stipulate to sell will be above the current Bid price Break Order When placing a break order you buy or go long the stipulated offer price should be above the current market offer price and when selling or going short the stipulated price should be below the current bid price lt GT2470COM gt FUTURE TRADER What s Stopping You Spread Trading Useful Concepts Rollovers With the exception of Rolling Cash amp Mini CFD contracts all GT247 com contracts have a definite expiry date This means that the contract will close on that date with the closing price based on the price set by the relevant stock exchange To extend your contract beyond this date you can roll your position over into the next contract period Contracts that have been rolled over have a new expiry date unl
7. gt 3 Index Futures amp 9 indicators Only 3 Mini CFDs H Rolling Cash Before adding a product to a watchlist ensure that the preferred product is selected and use any one of the following methods to add to your watchlist e Double click the product to add to watchlist e Select the product and click the Add to Watchlist button Drag the product from the Product Navigator and drop onto the watchlist NOTE A product can be added to a single watchlist at a time 16 lt GT2470COM gt FUTURE TRADER What s Stopping You How to To remove products from a watchlist Use any of the following means to remove unwanted products from watchlists e Select the product you want to remove and click the Remove from Watchlist button e Right click the product to be removed and select the Remove from Watchlist option from the pop up menu Moving Products between Watchlists e Right click the product to be moved and select the Move to Watchlist option from the pop up menu e Select the watchlist to move the product to move and click OK Sorting Watchlist columns e Certain watchlist columns can be sorted To sort data in a column simply click the Sort indicator on the column heading e The direction of the Sort indicator shows the type of sort y Column data is sorted so that highest values are at the top A Column data is sorted so that lowest values are at the top e To apply a multi column sort hold
8. 0 0 2 510 gt 3819909 Gold Daily Apr10 2010 0 Buy 10 00 1103 1 11282 251 0 2 510 00 10855 0 0 2 510 NOTE Open Positions are valued real time If you have several positions for the same product click on the sign next to your open position for a complete breakdown of your trades Note e Certain columns can be sorted To sort data in a column simply click the Sort indicator on the column heading e The direction of the Sort indicator shows the type of sort Column data is sorted so that highest values are at the top Column data is sorted so that lowest values are at the top GT 24 0COM gt FUTURE TRADER User Manual What s Stopping You How to Editing a Position Move Stop Take Profit Changing Select a position to be edited from the Trades tab in the Open Transactions window click the lt Move Stops Take Profit Levels gt button Alternatively click on the position and choose the Move Stops Take Profit Levels option from the popup menu The Move Stop Take Profit Changing dialog box will display Move Stops Take Profit Changing Copper Mar Trade ID 3019942 Trade Price 324 7 Risk 10 0 Sell 333 0 7 a pl J Risk Management Stop loss type O Auto _ Take Profit O Minimum E O Maximum L Trailing Stop Manual a stop loss level a suaranteed Stops Wal ame ed sil0ps 318 6 Move Stops Returned margin wil be in the region of 0 00 Stop loss will execute when Trigg
9. Last only the Offer in the case of a trigger which result in a buy or the Bid in the case of a trigger which result in sells will be required to be at a level beyond the trigger point before the trade is triggered Refer to our online Spreads Product amp Markets guide for the Stop Loss trigger applicable to each product 36 GT 24 0COM gt What s Stopping You Managing Risks FUTURE TRADER User Manual Stop Loss 4 Take Profit Open Long Buy Positions on Price Quoted Products e g Wall Street Take Profit IF LAST PRICE gt TAKE PROFIT AND GTBID gt TAKE PROFIT THEN CLOSE TRADE AT GT BID lf no Last ignore line 1 Stop Loss Where Stop Loss Trigger Last IF LAST PRICE lt STOP LOSS AND GT BID lt STOP LOSS THEN CLOSE TRADE AT GT BID Stop Loss Where Stop loss Trigger Bid Offer IF GT OFFER lt STOP LOSS THEN CLOSE TRADE AT GT BID Open Short Sell Positions on Price Quoted Products e g Wall Street Take Profit IF LAST PRICE lt TAKE PROFIT AND GTOFFER lt TAKE PROFIT THEN CLOSE TRADE AT GT OFFER lf no Last ignore line 1 Stop Loss Where Stop Loss Trigger Last IF LAST PRICE gt STOP LOSS AND GT OFFER gt STOP LOSS THEN CLOSE TRADE AT GT OFFER Stop Loss Where Stop loss Trigger Bid Offer IF GT BID gt STOP LOSS THEN CLOSE TRADE AT GT OFFER Stop Loss 4 Take Profit Open Long Buy Positions on Yield Quote Products e g R150 Take Profit IF LAST PRICE lt TAK
10. Order If you decide not to go through with the trade or order click Cancel 24 lt GT2470COM gt FUTURE TRADER What s Stopping You How to 2 8 Successful Trade Order If your trade order was successfully placed the confirmation will display in the Info window as well as the reference number for your trade A confirmation will be sent to your email address and your new position order will display in the Open Transactions window Placing a Trade using the Quick Trade Ticket BUY 29 64 SELL 23 34 gt tiect Buy or Sell Guaranteed Stoos 1 Selecta product to be traded from a watchlist to automatically populate the Quick Trade Ticket 2 Click the Sell button to go short alternatively click the Buy button to go long NOTE The updated Sell and Price prices of the product will appear on the respective buttons on continuous basis 3 Select the amount of risk you want to place per change in the price or input your own amount 4 Seta Guaranteed Stop Loss by checking the Guaranteed Stop Loss box 9 Check your trade setup in the Output box 6 Once you are satisfied with your trade order setup click the Buy Sell button If you decide not to place the trade click Cancel 7 If your trade was successfully placed the confirmation will display in the Info window as well as the reference number for your trade An email confirmation will be sent to your email address and your new position
11. With a buy trade you place the stop loss below the opening price to protect you from a falling price because you are anticipating a price rise With a sell trade on the other hand you place the stop loss above your opening price to protect you from a rising price because you are expecting the price to fall Using Guaranteed Stops Stop Losses allows you to limit any potential losses on an open position However there are situations where it will not be possible to close a position at the specified level especially during times of high volatility GT247 com offers a protection against this called a Guaranteed Stop Loss Regardless of what happens your trade will be closed at the exact price you have specified Locking in profits using Take Profit Stop Losses act as a Safety net preventing you from making big losses you can also specify to close your position at a certain profit level By using a Take Profit order you can close position fora profit when the market reaches a level determined by you Triggering the Take Profit amp Stop Loss Levels This section details how the Take Profit and Stop Loss Levels are triggered The effects of using each combination are also shown Trigger Points When there is a market with a Last the Last will have to be beyond the trigger point as will either the Offer in the case of a trigger which results in a buy or the Bid in the case of a trigger which result in a sell Where there is no
12. aes IEH ice JOA may y a TAO Leo gt Pee ee Bip PA Ib Sil Bal Tim Fis BA am AA Witi Some of the advanced features you can enjoy using Future Trader include e Java based browser less application does not require any download and Is often very useful when you are not in front of your personal PC e Customisable Interface Future Trader has been designed to enable you to change your screen view according to your preferences e One Click Trading In today s volatile markets every second can count use our unique Quick Trade ticket to place quicker trades at the price you want e Automated risk management Limit up to 90 of your exposure to risk by using the built in risk management mechanisms all geared to reduce the risk associated with futures trading e Reliability The Future Trader development team continuously refines the platform so that it has the most reliable pricing communication trading and back office processing possible e Real time Portfolio Analysis with streaming P L You are always aware of your profit losses and account balances e Price Alerts Get notifications for products of interest when the markets hits certain levels e Watchlists Store your favourite products in easy to use customisable watchlists e Live Prices Ultra fast trading momentum with real time bids and offers You also have access to the underlying instrument prices e G1247 com Indicators See what products are popu
13. and coffee 43 lt GT2470COM gt FUTURE TRADER What s Stopping You Monthly contracts are most common in commodities They expire in the month prior to the month stated for the contract itself Monthly Contract Quarterly contracts are the most popular four a year expiring in March June September and December These terminate automatically at the end of the quarter but can be extended to the next quarter In Spread trading terms quarterly contracts would be considered a long term investment Quarterly Contract Daily contracts automatically expire at the end of the trading day so they are suited to Daily Contract ae someone looking for a price movement in a market within that timeframe Rolling Cash contracts have no expiry date as such but are open ended trades which MO Cen EA can be held indefinitely They rolled over every night at the original price 44 lt GT2470COM gt FUTURE TRADER What s Stopping You Contact Us Email requests You can send a mail to any of our support departments and we ll make sure that we respond within the hour Client Services infofagt247 com Seminars seminars agt247 com Phone our trade desk Telephone trading and trade or market queries we re open from 6h00am until 10h15pm SA time CFDs 27 11 214 8102 Contact client services We help with setting up your account and all non trading related things we re open 12 hrs a day 7h00 am until 7h00pm Mo
14. gt FUTURE TRADER What s Stopping You How to 2 1 Select a Transaction Type 0 Trade Order O Break Order There are three different transactions you may execute Trade Select this option once if you want to place a Buy or Sell trade for the chosen product This allows the System to request a price and provide a quote Order Select this option once you would like to place a trade that will be activated only if and when your specified price level is reached NOTE The entry price Is not guaranteed During times of high volatility your orders might not get filled Break Order Select this option if you are confident that market is trading in a range and that a breakout is about to happen Example The DOW is currently in a range of 13100 13200 You believe that once the DOW breaks through 13200 the market will take off to 13500 You would then place a Break Order to execute on the Break out of 13200 The reverse remains true if the DOW breaks through 13100 on the downside If you have Break Order at a point above 13200 the Break Order would be triggered at the next available price If the next GT247 com price Last Traded amp Bid in this instance came through at 13200 your order would be triggered at the next GT247 com offer i e 13205 However if the next GT247 com price were to have a big jump to 13300 Last Traded amp Bid in this instance your order would be triggered at the next GT247 com offer e 13
15. order will display in Open Transactions window NOTE Your Stop Loss level will default to Auto and Risk Management tools like Trailing Stops and Take Profits will have to be applied after the trade is placed 25 lt GT2470COM gt FUTURE TRADER What s Stopping You How to How can track my positions Open Transactions Ma Orders Trade ID Product Expiry Fa Profr C Stop Lo Fake Pr Margin Trade Dm G5top i raving Frans RIO instr RIO ABSA i 50 00 i 5 460 00 247 64 ABSA i 20 456000 79 780 Copper 201002 Buy 2001 7 332 850 170000 2 800 00 Gold0 2010 03 Buy 3870 00 10 040 3819875 Goid D 201003 Sel 1000 300 300 00 11432 0 0 2550 00 2010 02 Wo Nymex 2010 02 Bu 3 6 900 00 31 830 US Corn 20002 Buy 200 7500 1 500 00 2 700 00 All your open positions and pending orders are displayed for you under Trades for open positions and Orders for pending orders in the Open Transactions window Here you will have a summary of all the details relevant to each trade or order still to be executed z Gold Daily Apr10 2010 0 Buy 40 00 1103 1 11282 250 7 10 030 10 04 gt 3819895 Goki Daily Apr10 2010 0 Buy 10 00 1103 1 11282 251 0 2510 00 1085 0 0 2510 gt 3819897 Gold Daly Apr10 2010 0 Buy 10 00 1103 2 11282 250 0 2 500 00 10856 0 0 2 510 gt 3819908 Gold Daily Apr10 2010 0 Buy 10 00 1103 1 11282 251 0 2510 00 10855
16. 20 00 7 550 00 2010 03 201002 00 30 17 04 6 500 00 31630 00 Nymex 2070 02 00 mte TT 310 00 10 650 00 US com 2010 02 B 0 363 00 1 350 00 2 FOO DO 3819947 USD nd 201517 Set 1000 81 050 6300 68000 967351 000 39598 2010 02 The Open Transactions Window consists of 2 tabs 1 Trades Each time you place a successful trade it will be added to the Trades tab All positions reflect real time profit loss and current market values 2 Orders The Orders tab lists all the orders you have placed that have not yet been opened as trades An Order is an instruction to buy or sell the specified product if the price hits your stated level The Orders tab shares many of the same columns with the Trades tab Information displayed risk management tools applied as well the type of order taken 12 GT 24 0C0OM gt FUTURE TRADER User Manual What s Stopping You Platform Overview Account Balance Panel dal ta i PEE JE ie eis Lae FEEF AEE a s 2 Laks dle 1an Caa il The Account Balance Panel allows real time monitoring of your account balance Your account information is constantly displayed across the top of the platform Nett Asset Value The Nett asset value of your account aggregate of Free Cash Profit Loss of on Open Positions Margin Requirement Free Cash This shows your funds available for entering into additional positions Margin Account This Is the total margin requirement to supp
17. 305 Currently you cannot guarantee the Break Order price NOTE In times of high volatility the market could gap in your direction and to a point well above your intended entry price lt is imperative that you understand the formalities and intricacies of accurately structured trades and orders so as to prevent avoidable losses See the Managing Risk section for more details on the various transaction types and examples detailing the effects of using the transaction types and application of risk management 2 2 You can either Buy or Sell Click the Sell button to go short alternatively click the Buy button to go long 1509 2 SELL 1495 0 BUY Note The updated Sell and Buy Price prices of the product will appear on the respective buttons on a continuous basis 19 lt GT2470COM gt FUTURE TRADER What s Stopping You How to 2 3 Select the amount of risk you want to place per change in the price from the drop down menu or alternatively input your own risk per point amount Risk Select or type in value Example If you want to Sell the DOW at 13100 the amount to risk you specify here will determine how much you would earn for each point the DOW moves in your favour It would also determine how much money you would be losing for each point the DOW moves against your position If the DOW moves down to 13050 points in your favour it would mean that you have earned 50 points If you specified a ri
18. AR with flexible risk levels starting at R1 per point in the following asset classes e Commodities e Currencies e Indices e Interest Rates e Mini CFD South African Equities For more information consult our Products amp Markets Guide Why trade Spreads Spread Trading offers a number of benefits e Low Costs No brokerage VAT or STRATE commission is built into the Spread e Profit from rising or falling markets It is as easy to go short sell as it is to go long buy If you expect the value to fall you can sell today with the expectation that you can buy back in the future at a lower price e Leveraged Trading Spreads are traded on margin which means that you are only providing part of the money that you are trading with allowing you to place trades with a relatively small initial outlay e Limit your risks Stop Losses are automatically applied to each trade you make This means that no matter how volatile the price is you can always limit your risks to your own comfort level e Trade Global Markets Spread Trading provides instant access to financial markets around the world lt GT2470COM gt FUTURE TRADER What s Stopping You Spread Trading The Basics What are the risks Although you can make substantial profits from Spread Trading it is important to note that it carries a high level of risk to your capital so you should only trade with money you can afford to lose GT247 com has a policy of att
19. E PROFIT AND GT BID lt TAKE PROFIT THEN CLOSE TRADE AT GT BID If no Last ignore line 1 Stop Loss Where Stop Loss Trigger last IF LAST PRICE gt STOP LOSS AND GT BID gt STOP LOSS THEN CLOSE TRADE AT GT BID Stop Loss Where Stop loss Trigger Bid Offer IF GT OFFER gt STOP LOSS THEN CLOSE TRADE AT GT BID Open Short Sell Positions on Yield Quoted Products e g R150 Take Profit IF LAST PRICE gt TAKE PROFIT AND GT OFFER gt TAKE PROFIT THEN CLOSE TRADE AT GT OFFER If no Last ignore line 1 Stop Loss Where Stop Loss Trigger last IF LAST PRICE lt STOP ie AND GT OFFER lt STOP L THEN CLOSE TRADE AT Gre OFFER Stop Loss Where Stop i Trigger Bid Offer IF GT BID lt STOP LOS THEN CLOSE TRADE ar GT OFFER 37 lt GT2470COM gt FUTURE TRADER What s Stopping You Managing Risks Buy Orders on Price Quoted Sell Orders on Price Products Products e g Wall Street e g Wall Street Execute Order Execute Order IF LAST PRICE lt ORDER PRICE IF LAST PRICE gt ORDER PRICE AND GT OFFER lt ORDER PRICE AND GT BID ORDER PRICE THEN OPEN TRADE AT GT OFFER THEN OPEN TRADE AT GT BID Orders Buy Orders on Yield Quoted Sell Orders on Yield Quoted instruments instruments e g R150 e g R150 Execute Order Execute Order IF LAST PRICE gt ORDER PRICE IF LAST PRICE lt ORDER PRICE AND GT OFFER gt ORDER PRICE AND GT BID lt ORDER PRICE THEN OPEN TRADE AT GT OFFER THEN OPEN TRADE AT GT BID B
20. OW 240220 273 0 Y 326 1 4 5 Y 20 4 0 3 Hight 3115 0 Low 3043 0 High 73399 0 Low 0706 0 0 Hight 24631 0 Low 24022 0 High 334 4 Low 326 0 High 80 8 Low REO 3095 0 5 0 Change the way the ticker displays your favourite products by using the Change View drop down menu e Images Displays the last traded price change in price since last price update e High Low Displays the day s highest amp lowest prices the last traded price and the change in price since last price update e Vary the scrolling of the ticker by using the up and down Speed arrows How to use the Information window Messages Information SENS Info Errors Date Message 32 lt GT2470COM gt FUTURE TRADER What s Stopping You Any messages sent to you by G1247 com will be displayed in the Messages tab To view a message 1 Click the message you want to read A pop up window will appear displaying the text message lt insert screenshot gt 2 Click the View More button to view the full length message if applicable 3 To save the message click Save The message will remain in the messages tab until it expires or you discard it 4 To delete the message click Discard NOTE Important messages will automatically pop up on your screen Follow above the Instructions to save and discard the messages How to SENS Access 15 minute delayed SENS announcements from the SENS tab Page through the five d
21. ace spread trades to the value of R100 000 GT247 com could ask for a deposit of R10 000 and lend you the balance of R90 000 meaning that you dont have to fund the entire position but simply put up a percentage margin The actual price of a financial instrument for immediate settlement or delivery A liquid market will have many buyers and sellers and the bid ask spread will usually be small An illiquid market will have fewer buyers and sellers and the bid ask spread may be wider Also in an illiquid market a relatively small transaction can significantly move the price This is less likely to happen in a liquid market Illiquid markets are characterized by the lack of ability to buy and sell with relative ease This usually occurs when the market in question does not have much trading volume When an exchange enforces a temporary price ceiling or floor suspends restricts or closes the stock index for a set period of time in order to maintain a fair and orderly market and reduce the risk of large and sudden price movements Someone who believes that prices in a market are going to decline In a bear market the bears are in a majority and so the market prices fall A bear market is the term used to describe a market that is either expected to decline or Is already in the process of declining 41 GT 24 0C0OM gt What s Stopping You Glossary FUTURE TRADER User Manual Bull Bull Market Expiry Date FSB Spre
22. ad Futures Trade Market Maker Open Positions Expiry Price Margin Call Stop Loss Stop Loss Order Tick Volatility Sell Buy Fill Derivatives Someone who believes that prices in a market are going to rise In a bull market the bulls are in a majority and so the market prices rise A bull market is the term used to describe a market that is either expected to rise or is already in the process of rising The date on which a contract will expire and after which can no longer be traded The Financial Services Board The Government appointed body responsible for regulating Futures trading in South Africa A contract to buy or sell a certain underlying instrument for a specified price on a specified date Futures contracts are traded on exchanges and their underlying instrument could be individual shares share indices bonds commodities or a variety of other instruments Many of GT247 com s prices are derived from the futures contract prices Exchange registered companies that quote a two way spread in relation to securities Any unexpired positions that you hold on your account The official price at which the trade expires on the expiry date commonly referred to as the Make up or Settlement Price If a position moves against you you may have to pay additional money over the initial deposit This is known as margin or margin call and will be made by GT247 com if your open positions are runnin
23. ay history of SENS announcements by using the page left amp page right buttons Information hg es SENS Info Friis nicher Le yeep Chale WU Wooliry Limited lusting t RUA eee Lb ewer wl Lhe meerec Anvqatec pt To read an announcement 1 Click the announcement you want to read A pop up window will appear displaying the announcement 2 Click OK to close the pop up window Info With each successful trade opened by either opening a new position or closing an existing one details of your actions will be displayed in this tab Other information that will also appear here would be the changes to the Stop Loss and Take Profit GT 24 0COM gt FUTURE TRADER User Manual What s Stopping You How to Errors Indicates trade errors you may have encountered They will be displayed here as well as information as why to the trade was not executed Other errors that will be displayed here include technical errors related to the platform and data feeds which will assist you when troubleshooting a problem with our Technical Support team e Torefresh the Errors tab click the Refresh button e To clear the errors displayed click the Clear button Information Messaqes SENS Info Psi ZAR Real Trading Trade 3820011 Open Trade Buy BHP Billiton Pic Mini CFD 24249 for Risk of 10 0 How to view reports Reports are accessible from the Report menu on the Toolbar e Trade History Repo
24. ck and for Rolling Cash check Currency Note You will notice that all Mini CFD and Rolling Cash trades orders will have the Trans R O field set to Default when executed meaning that any roll over properties you set above will be applied to new trades and existing trades during the Roll Over process To roll over individual Rolling Contract Trades Trans R O Default Default 1 Select the trade from the Open Transactions window 2 Click onthe Trans R O field and select the roll over option from the drop down menu Note Any Mini CFD or Rolling Cash trade with Trans R O set to No will NOT roll over even if the default roll over setting for the product type is enabled 30 GT 24 0COM gt FUTURE TRADER User Manual What s Stopping You How to How to set a Price Alert You can set a price alert for any product ensuring that you will be notified when the price you set Is triggered Alerts are useful for traders who do not necessarily want to trade a particular product but want to know when it hits a specific level When the price hits your stated level GT247 com will send you an email notification You may set as many alerts as for as many products as you wish Set Alerts on Price for Copper Mar10 Alert me when Alert 1 Alert 2 ote Es 7 To set an alert 1 6 Select a product click Alternatively after selecting the product right click on the product and choose the Mana
25. down the control key and sort the required columns How to view underlying Instrument Prices 331 8 333 2 3325 408 4 419 2 4179 1495 0 1509 2 1500 0 272 7 275 Underlying Price 1504 2 362 5 ae rico ee tA 11 72 0 1161 0 1164 0 To view the underlying Futures market price without GT247 com shading hover over the Bid and Offer prices of a particular product The underlying price will be displayed in a pop up box GT 24 0COM gt FUTURE TRADER How to User Manual What s Stopping You How to open a new Position Order There are two ways for you to buy or sell a product in Future Trader either from watchlists or from the Quick Trade Ticket Placing a Trade Order from Watchlists l Select a product to be traded click the lt Open Trade Order button gt Alternatively after selecting the product you can double click on the product or right click on the product and choose the Open Trade Order option from the menu The Trade window will pop up The Trade window is the primary window for trade amp order Open New Position On Platinum Apri0 Trade O Order O Break Order SELL 1495 0 BUY 1509 2 Risk Select or type in value Price gt Market FillorKill Limit p Risk Management Stop loss type O Auto J Take Profit CY Minimum ph Y Maximum C Trailing Stop O Manual fene Stop loss level L Guaranteed Stops Select Buy or Sell 18 lt GT2470COM
26. e top ten products are rated according to the percentage of trades placed for that particular product Rating io lt 2 gt 2 and lt 4 gt 4 and lt 6 gt 8 lt GT2470COM gt FUTURE TRADER What s Stopping You Platform Overview Bull Bear A real time technical indicator which displays GT247 com client sentiment displays the relationship between bullish buy and bearish sell traders for each product Bull Bear Ratio Total Buy Trades Total Buy Trades Total Sell Trades X 100 lt 19 lt gt y gt 20 and lt 40 we gt 40 and lt 60 yy Volatility A weekly indicator showing the variance of the product s 30 day volatility from the average 30 day volatility of all Futures offered by GI247 com lt 10 Instrument volatility is negatively less than the average volatility a gt 10 and lt 10 Instrument volatility is similar A to the average volatility gt 10 Instrument volatility is positivi greater than the average volatility 10 lt GT2470COM gt FUTURE TRADER What s Stopping You Platform Overview Watchlists Watchlists nmt My Favourites PA ani eE A IEA EE BullBear Product Volatility Expiry Bid Offer Change High Updated GY AvengLid Min a NA 3724 0 37630 320 3877 0 3714 0 14 48 00 WY Cotton No Ma 201 0 02 19 80 3 1 2 80 0 79 0 05 24 00 wy eoloseot 2015 12 11 0 0 0 0 D j 0 0 0 0 00001 WY Ghitay s 20100330
27. ed to both the Stop Loss and the Trailing Stop The Guaranteed Stop is not available for all Spreads products See our Product list on our website for a full list of the affected products To set a Guaranteed Stop to a new trade simply check the Guaranteed Stop box You will notice that the prices reflected on the Sell and Buy buttons will change to reflect the additional costs for using the Guaranteed Stop Example The DOW has an 8 point change for this facility If the DOW quote is Bid 10194 Ask 10200 when the Guaranteed Stop Loss is chosen the DOW quote will change to Bid 10186 Offer 10208 to reflect the additional 4 point cost 2 6 Check your trade order setup New Trade Buy 10 0 Copper Mar10 at Market Required margin will be in the region of 1 400 00 stop loss will execute when Trigger trades at 328 1 The Output box displays a summary of the trade order you are about to place and reflects which product is being traded how risk per point was taken the required margin for the trade and the price at which the manual Stop loss will trigger and any risk management tool selected As you select deselect option in building up the trade the information displayed in this box changes This information will be stored in the Open Transaction window where you can view it at any time 2 7 Place Trade Order After checking your details carefully you can then make a trade by either clicking Trade or an order by clicking
28. empting to limit client losses It is vital to ensure that you familiarise yourself with the risks involved and that Spread Trading matches your investment objectives If you are new to trading we highly recommend that you sign up for a free simulated trading account Open a simulated Account online at www gt247 com If you want to know more about the risks Involved please read the risk warning on our website Who trades Spreads e Investors who want to profit from both falling and rising markets e Traders who prefer to transact online in real time without broker intervention 24 hours a day e Investors who prefer to pay no brokerage contract exchange or back office fees e Former warrant traders who want a wider product range better transparency and no time delay e Active investors with strong views on the market who want to maximise their potential returns e Professional investors looking for a low cost method to hedge their existing portfolios What are the advantages of Spreads Trading with GT247 com e Fully interactive online trading Use our fully automated real time trading platform to view both the underlying market prices and trade e Speed Our Java applet based platform delivers a true speed advantage over browser based platforms e No Dealer Intervention Our trading platform provides market liquidity at the bid ask prices shown with no dealer intervention e Limit Risk Trades Guaranteed stops are available
29. er trades at 318 6 1 Here you can add a new Stop Loss or amend an existing Stop Loss You may also alter or cancel your Take Profit and Trailing Stop limits For each Stop Loss you move or Take Profit level you change you will receive an email or SMS notification on request only NOTE Guaranteed Stops cannot be altered after a trade has been placed If you intend using a Guaranteed Stop you must choose to do so when you open the initial trade 27 lt GT2470COM gt FUTURE TRADER What s Stopping You How to How to close a Position 1 To close a position right click on the position in the Trades tab in the Open Transactions window and select the Close Trade option alternatively you can select a position and click the Close Trade button to call up the following window Close Trade on Copper MarT0 Trade ID 3819942 Quoted Price 333 2 Risk Select or type value RO __ 3 Price Market Fillor Kill Limit Close NOTE Always keep the GT247 com Trading Desk phone number on hand In the event of internet failure or other unforeseen events the trading desk will always be happy to assist you with the placement of new trades as well as editing and exiting an existing trade de To partially close your position reduce your risk to a suitable amount 3 Select the price you want to close your trade at Market Your trade will be closed at the current Bid Offer Fill or Kill Your trade wil
30. ess risk management functions like the Stop Loss or Take Profit have been triggered Note Unless you select instrument roll over on the trading platform or contact the trading desk prior to GT247 com closing time on the expiry day your open position will be closed out at the published expiry price Rollover Process Explained Your open Sep10 position will be closed out at the middle of the GT spread hence realising a profit or loss on the position Your Dec10 position will then be entered at the GT Bid or Offer Note Should this Rollover result in you realising a loss on that position you will be required to replace the lost margin to the loss incurred in order to maintain the original Risk If you do not have sufficient funds available to facilitate this process your Risk will be reduced to a level that you are able to fund Rolling Cash contracts how do they differ from rollovers Rolling Cash contracts are open ended contracts which will never need to be rolled over unless you alter the default rollover properties for this product type Rolling Cash is most popular with short term traders and offers significant advantages e They area cost effective alternative to quarterly contracts because the spread Is tighter thereby increasing the opportunity for profitable trading e If you are going short selling Rolling Cash contracts attract income to your account due to overnight financing Whilst Rolling Cash contracts are more fl
31. exible than regular contracts you should bear in the following in mind e If you go long buy Rolling Cash Contracts incur an interest charge each time they are held open overnight e This charge is levied directly to your trading account e If you go short sell Rolling Cash Contracts earn interest each time they are held open overnight The interest earned is credited directly to your trading account lt GT2470COM gt FUTURE TRADER What s Stopping You GETTING STARTED Our highly innovative futures trading platform combines reliability and ultra fast execution Future Trader has been specially designed to ensure you are provided with a raft of features It offers easy access to your products of choice and is packed with quick and easy to use trading functions FUTURE TRADER lt GL BAL TRADER fe Cegee Wolica DHE ies Pic kee CF Copper Mario Cotton No Mar 10 A nerin Cate Hokies CA Pic Miri CFE ARTIE Tor Area PTE Pr H mi 5 o f FW iamo Fijteies Rolllag Cesh aie A indicala po dines Wh ite Mel White Bow 5 le i wi pia HE ariari ua Tizi tot Cimma a Le terete a Hii nagi Premii gt 1 y E ALL Cali ad Apia im HAA HEN F g t camni ai Gold Age hd i HJE fo Bethy i t E Currency Fut biome i bid Fede E i FFEN AYIEN E i Mh diiii Y LEG OF Tide Lier 5 15207 Ba wari te 1d Fe Tatu a a Tras Orders TEE O ART jara Tmn sa ET 5 a A wenn hinga TH cu Ha 0 Sat FRE MA
32. g at a loss over and above the initial deposit It is therefore advisable that you do not open positions that require all your available funds as an initial deposit or you may be forced to close your position if you cannot pay the required margin The level below purchase price at which you want to automatically close your trade even though you will be losing money An instruction to either buy or sell at a level that is less favorable than the current price of the financial instrument in question The minimum movement of the market in question also commonly referred to as a point The rapid change of price in respect of any market or financial instrument To place an opening trade at the bid price of a spread in anticipation of the underlying market falling commonly referred to as taking a short position or going short You can of course also sell at the bid price to close an existing long position To place an opening trade at the offer price of a spread in anticipation of the underlying market rising commonly referred to as taking along position or going long You can of course also buy at the offer price to close an existing short position Used to describe when an order is executed commonly expressed as having been filled A financial instrument such as a future whose price is derived from an underlying instrument 42 GT 24 0C0OM gt What s Stopping You FUTURE TRADER User Manual
33. gainst you the instruction is immediately cancelled i e it s killed 20 lt GT2470COM gt FUTURE TRADER What s Stopping You How to Limit This option allows you to stipulate the maximum price you are willing to pay for the product Enter maximum price that you are willing to pay in the input box after selecting the Limit option Example By choosing the Limit option you wish to buy the DOW at the current price of 13200 In addition you are aware of the market volatility and are prepared to pay up to but not more than 13215 to get filled In effect you are giving instruction that should the trade order reach the market when the price has changed to but not more than 13215 it should still execute the trade You are therefore providing the trade station with a 15 point range to compensate for possible Slippage NOTE The Fill or Kill and Limit price options do not apply to Orders or Break Orders 2 5 Apply Risk Management tools In order to assist you in limiting your exposure to loss GT247 com offers a flexible range of risk management tools all geared at reducing the risk of trading Futures Risk Management otop loss type Manual E Stop loss level C Guatante 2 5 1 Stop Loss type A Stop Loss is mechanism you can use to limit the losses on an individual trade When the loss on a trade reaches a predetermined level your trade is automatically closed out As part of the GT247 com Risk Manageme
34. ge Alert option from the menu The Create Alerts on Price dialog box will appear Enter your trigger levels for Ask Bid or Last prices in the pop up window Click the Apply button Repeat steps 3 and 4 to set another alert for the same product Once you are happy with your alert parameters click OK to set the alert Note Once you ve set a price alert for a product you will see a red circle next to the Product in the watchlists 31 lt GT2470COM gt FUTURE TRADER What s Stopping You How to access Charts With Future Trader you will have access to a complete charting package Our browser based package Netdania offers real time analysis for all Futures available in Future Trader To access a chart for a particular product 1 Selecta product click the lt View graph button Alternatively after selecting the product right click on the product and choose the View Graph option from the menu 2 Anew browser window will open and you will be required to log into our website using your Future Trader account credentials 3 Once successfully authenticated you will have access to the charting package How to How to customize your Favourites Ticker The Favourites Ticker is a scrolling display of all products stored in your watchlists Favourites Ticker African Bank Investments Ltd Mini CFD Anglo American Platinum Lid Mini CFD BHP Billiton Pie Mini CFD Copper Mar10 Cotton No Ma W 7 1153 0 1046 0 of
35. hading built into price 2 pts on Wall Street 10154 offer price 10554 bid price spread X R5 10150 10155 AS per point 10150 10250 R625 No brokerage MST Sllale VAT or ITL 9745 9750 shading built into pice 2 pts on Wall Street 5 X 10150 9750 320 lt GT2470COM gt FUTURE TRADER What s Stopping You Spread Trading Useful Concepts Getting to grips with Spread Trading at G1247 com Contracts Whether you are a day trader or a long term investor GI247 com offers trading contracts to suit your specific trading style You have a choice of four different contract periods Daily Daily Contracts automatically expire at the end of the day so they are suited to someone looking for a price movement within that time frame Monthly Monthly contracts expire in the month stated in the contract itself You have the option to roll over your trade into the next contract month should you wish Quarterly Quarterly contracts are the most popular expiring in March June September and December These terminate automatically at the end of quarter but can be extended into the next quarter Rolling Cash Rolling Cash contracts have no expiry date as such but are open ended trades which can be held indefinitely They are rolled over every night at the official closing price and a mark to market is run on a daily basis Your trade is then reopened at the closing price plus or minus funding for the position
36. l be closed at the price you specify If your price is met i e Filled your trade will be closed in the event of your price not being met i e Killed your trade will not be closed 28 lt GT2470COM gt FUTURE TRADER What s Stopping You Limit Your trade will be closed at a price of a certain level stipulated by you Enter the maximum price you will accept for trade to be closed at 4 The profit or loss you will make if your position with the specified risk at the current market price will be displayed 5 Once you are happy with the trade that you are closing click the Sell button if you placed a trade to buy or click the Buy button if placed a trade to sell Example Partial Closure If you are long on the DOW with a risk of 10 you have reached a profit of say 100 points and are unsure if there is still some strength left for further movement you could partially close the position This can be achieved by only closing risk to the value of 5 securing 50 of the profits and leaving the remaining 5 to see where the market would go from there How to How to cancel an Order Orders cannot be edited but can be cancelled at any time To cancel an order right click on the order in the Orders tab in the Open Transactions window and select the Cancel Order option alternatively you can select an order and click the Cancel Order button to call up a confirmation dialog before the order is cancelled How to rol
37. l over a position All Futures contracts have a definite expiry date This means that the contract will close on that date with the closing price based on the price set by the exchange To extend your trade beyond this date you can roll your position over into the next contract period See the Roll over section of this manual for a detailed explanation on the process To roll over a Spread trade Instr R O 1 Select the trade from the Open Transactions window 2 Click on the Instr R O field and select Yes from the drop down menu NOTE This Is not to be confused with Rolling Cash contracts which roll at the end of each day This function applies to all daily monthly and quarterly contracts and allows you to specify If you would like your trade to rollover when it expires 29 lt GT2470COM gt FUTURE TRADER What s Stopping You How to Certain product type available on Future Trader like Rolling Cash and Mini CFDs do not have a fixed expiry date like Futures contracts do and are set to roll over every day by default unless otherwise specified To set default Rollover Properties Rolling Contracts Only H Commodity 4 Currency Y Equity Index mM Stock H Interest Rates 1 Select the Account menu item 2 Choose the Roll Over Settings option 3 Check the applicable product type boxes to automatically roll over trades you may have open daily for specific product type 4 For Mini CFDs check Sto
38. lar how the bulls amp bears stack up and how to use volatility to your advantage lt GT2470COM gt FUTURE TRADER What s Stopping You Platform Overview Future trader is constructed with a number of panels which are explained in this section Toolbar FUTURE TRADER lt GL BAL TRADER gt Use the settings toolbar to customize your platform layout access reports and the online help manuals and other useful resources Other functions include currency selection live or simulated and log out Product Navigator Use the Product Navigator to find the right product to trade Find out what the newest products are and what s popular with other clients Three tabs make up the Product Navigator Produc Havigi rtd WN Whate Hot Whats Hew ll Darman y B Futures gt 3 Commodity Futures de 9 Currency Fuir o Sus 10Y P Hote Marto US 30 T Bond Mari d eel hide Files Ej rican Cnty 3 ani Cris amp E Aplling Cash 1 Products View the hundreds of products in the various asset groups that GT 247 com offers By clicking the sign the subgroups belonging to each asset class are displayed Within each subgroup the specific products can be seen 2 What s New Any new products added to GT 247 com s product offering will be displayed here 3 What s Hot G1247 com s ten most popular products are listed here Ratings are based on trade volumes and unique GT247 com technical indicators Rating Each of th
39. n line with any fall Similarly if you go long on the price and the underlying instrument price falls you will incur losses The major attraction of spread trading is that you can profit from a falling price in the same way as from arising one and you can achieve this with a relatively small amount of money Unlike trading ordinary shares when you buy or sell you re not buying or selling an actual share You re entering into a futures contract an agreement to buy or sell the share at a fixed price on a certain date A July futures contract for example provides for delivery or settlement in July You can close a trade at any time by buying or selling an offsetting futures contract prior to the delivery date should you choose to do so Contracts approaching expiry can optionally be rolled over i e your trade is closed and similar trade is opened in the next contract period Most contracts work on either a daily monthly quarterly or rolling basis As a leveraged product Spread Trading only requires you to deposit a small percentage margin of the full value of your position This means that the potential for profits or losses from an initial capital outlay is significantly higher than in traditional trading The margin required is typically between 10 and 35 depending on the volatility and liquidity of the underlying instrument G1247 com offers futures trading on multiple financial markets around the world in South African Rand Z
40. nday to Friday IT Support The Technical Support Department s prime responsibility is to provide telephonic and email support on the GT247 com Platforms and the connectivity surrounding these platforms to both Internal and external customers of G1247 com We re operational from 06 00 00 00 Monday Friday 45
41. nt policy you are required to select a mandatory Stop Loss level which is appropriate to your risk management strategy for each trade that you open Stop Loss Levels are not guaranteed because fast moving markets will often gap past the preselected Stop Loss level To counter this effect GT247 com offers a Guaranteed Stop Loss facility on certain products ensuring a guaranteed exit at your chosen Stop Loss level irrespective of market conditions for small premium Note Stop Losses are ONLY triggered whilst the product you are trading is OPEN 21 lt GT2470COM gt FUTURE TRADER What s Stopping You How to 2 5 1 1 Auto This is the default level at which a Stop Loss is set If you do not change it your Stop Loss will be automatically calculated by GT247 com Default Stop Loss levels are based on a 5 day historic volatility calculation done by GT247 com 2 5 1 2 Minimum The Stop Loss will be set to the minimum Stop Loss Level specified by GT247 com for the particular product Refer to our online Futures Product List for the Minimum Stop Loss levels for the different products Example If you chose to Sell the DOW and opted for the Minimum Stop Loss level assuming the DOW s Minimum Stop Loss is 20 points If the trade had to go against you by 20 points the position will be closed out with a 20 point loss plus the initial spread cost NOTE In times of high volatility using this option alone is NOT a guarantee tha
42. ollow step 3 above 6 Click on the Forgot Password hyperlink if you have forgotten your password 7 Ifyou have problems launching Future Trader contact our Technical Support team How to switch between your Live amp Simulated Account Each trading profile is allocated one or more trading currencies For Simulated Accounts your virtual currency is GTC Simulated Trading Live accounts will be allocated two trading currencies ZAR Real Trading and GTC Simulated Trading To switch between your Live and Simulated Accounts select the correct currency from the Trading Currency drop menu in the Account Panel How to Log Out Logout To log out click the Log Out button in the top right hand corner of the platform For security reasons we suggest that you logout of your application each time you are away from your computer and log in when you return 15 GT 24 0COM gt FUTURE TRADER User Manual What s Stopping You How to How to manage watchlists To rename watchlists Edit Watchlists Tabs Edit and click Save My Favourites o 1 Double click on watchlist tab to bring the Edit Watchlist Tabs dialog box 2 Enter names in the input boxes and click Save when you are satisfied To add products to a watchlist Product Navigator Products MALA fe Whats Now 3 Commodity Futures E Curroney Futuras al 4 US 10Y T Note Mar10 US 30Y T Bond Mario
43. on certain products at the time the trade is opened e No exchange controls With GT247 com you don t have to convert your currency to that of the international instrument you are trading as your trade Is based in ZAR e Price Transparency There are no added costs or charges on top of the price you see on your trading platform e Small Minimum Trade Sizes Rand risk per point allows you to trade in amounts of your choice starting at R1 per point e Tighter spreads We offer a fixed percentage on either side of the underlying market value You will be quoted narrow spreads across our markets offering you the maximum opportunity to profit from your predictions for market movements e Convenience You can do all your trading online or by simply phoning our trading desk FUTURE TRADER User Manual GT 24 0C0OM gt What s Stopping You Spread Trading Examples The best way to understand how a futures trade works is to look at an example Buy Wall Street 30 Step 1 You decide to buy Wall Street 30 Sell Wall Street 30 Wall Street 30 price Purchase Stop Loss Margin Costs Wall Street 30 price later that day Your closing position Execution costs Retum on capital Step 1 You decide to sell short Wall Street 30 SEII Stop Loss Costs Wall Street 30 price later that day Profit realised Return on capital 10149 10154 R5 per point 10154 10054 No brokerage MST Strate VAT or ML 10554 10559 10554 S
44. or your open positions Profit Loss to Date Total profit loss accumulated on a particular account to date Profit Loss on The current market value of open positions Trading Currency The currency you are trading in Favourites Ticker The Favourites Ticker is a scrolling ticker of the products stored in your watchlists The scrolling speed and the view product image or product high low can be modified to your preference Waechtter Ticked Arcek Mirta SA Lid Mini CPD Aveng Lid Mini CPD OF ite Pic Mini CHO Copper lar 10 Cotter Mo Mar 10 Emeran Liat lobbies A Pic h Aa A 117010 50 0 AYENMG T raana Y 230000 190 Y 1016 dm raag 100 0 10 Higie 112700 Low 100060 Higie 1677 0 Lowe 37010 Hight 24000 0 Low 279900 High 136 6 Lowc 190 3 High 60 0 Losc TAA lage 1005 0 Low tid ER Information Information Messages SENS Info Errors Data Ticker Message 18 Feb 07 30 WLP1 Wooltru Limited Notce to 18 Feb 06 08 SPG Super Group Powerstar di 18 Feb 16 00 ANLANP Investec Limted Inv2stec 18 Feb 16 00 UNLANP Investec Iinveetec plo At An easy to access inbox where you can view SENS announcements trade amp order confirmations platform data feed errors and retrieve messages sent to you from GT247 com 13 lt GT2470COM gt FUTURE TRADER What s Stopping You Platform Overview Status Panel m The Status panel gives you a snapshot of your platform s performance
45. reak Orders Buy Break Orders on Price Quoted Sell Break Orders on Price Quoted Products e g Wall Street Products e g Wall Street Execute Break Order Execute Break Order IF LAST gt BREAK ORDER PRICE IF LAST lt BREAK ORDER PRICE AND GTBID gt BREAK ORDER PRICE THEN OPEN AND GTOFFER lt BREAK ORDER PRICE TRADE AT GT OFFER THEN OPEN TRADE AT GTBID if no Last ignore line 1 lf no Last ignore line 1 Break Orders Buy Break Orders on Yield Quoted Sell Break Orders on Yield Quoted Products e g R150 Products e g R150 Execute Break Order Execute Break Order IF LAST lt BREAK ORDER PRICE IF LAST gt BREAK ORDER PRICE AND GT BID lt BREAK ORDER PRICE AND GT OFFER gt BREAK ORDER PRICE THEN OPEN TRADE AT GT OFFER THEN OPEN TRADE AT GT BID NOTE If a product s Stop Loss Trigger is the Bid Offer and then LAST will be ignored and the validation will only be conducted against the GT BID or the GT OFFER lt GT2470COM gt FUTURE TRADER What s Stopping You Customization Customizing Layouts When you first open Future Trader the default layout will be active Customize your layout by resizing windows or moving windows around Changing your layout Try resizing windows or move windows around until you obtain your desired layout Select the Save Layout option from the Layout menu on the Toolbar Resetting the Layout To reset the layout back to the default settings select the Default Layout option from the Layo
46. rt Here you can view a full history of all trades that you have placed for a specified date range 1 Enter From and To dates to view your trade history over 2 Click the Search button to display the search results that match your criteria 34 lt GT2470COM gt FUTURE TRADER What s Stopping You How To Cash Flow Report Here you can view the overall position of your account after each movement on your account For your convenience your free cash available for entering into new positions You can also export results in Excel format 1 Enter From and To dates to view your Account Cash Flow movements for 2 Click the Search button to display the search results that match your criteria 3 Follow the on screen instruction to export your search results to Excel 35 lt GT2470COM gt FUTURE TRADER What s Stopping You Spread Trading offers great prospects for spectacular profits This type of trading involves a high degree of risk and significant losses can easily become a reality It is vital to engage in vigilant risk management One of the most effective ways of limiting any potential losses are by using the automated risk management tools offered by GT247 com Using Stop Losses A Stop Loss is an instruction to GT247 com to close your trade if your losses reach a certain level Should your losses reach the specified level your trade automatically terminates Stop Losses can be used when buying or selling
47. s not a replacement for a normal Stop Loss To set a Trailing Stop simply select the check Trailing Stop box and enter the number points you wish your stops to be moved by with every movement the market price experiences It is important to consider the following factors when using a Trailing Stop a The distance that will be maintained between the Stop Loss level and the market price b The size of the steps that your Stop Loss level will make as it follows the market price Example If we continue using the previous DOW example we entered the market at 9050 but this time the DOW only moved up 10 points but then starts moving against us With a Trailing Stop of 20 in place the stop is not moved because the DOW never moved the required 20 points to activate the Trailing Stop 23 lt GT2470COM gt FUTURE TRADER What s Stopping You How to 2 5 4 Guaranteed Stop With a Guaranteed Stop you protect yourself from any possibility of Slippage in the event of the market moving sharply against you A Guaranteed Stop ensures that your position closes where you specify however far the market may have moved through this level With a Guaranteed Stop an additional spread is added to your opening level in effect an insurance premium for this guaranteed risk protection NOTE You can only apply a Guaranteed Stop when opening a new trade however the Stop loss level can be moved at any time during the trade Guaranteed Stops are appli
48. sk of R10 per point you would earn Risk x Points Earned Risk x Spread 10 x 50 10 x 5 R 445 00 2 4 Select a price Price Market Fill or Kill Co Limit Market By selecting this option you will pay the current Bid price should you sell If you decide to buy you will pay the current Offer price Note In times of high volatility the market could move away from the price it was reflecting from the time you clicked the Trade button and the transaction being completed This is also known as Slippage Example When you clicked the Trade button to Sell the Dow at 13100 by the time the instruction reaches the market the price could already have changed to 13080 20 points lower than you anticipated In cases like these GT247 com will always contend the closest price to your initial price or better in the event that the price momentarily moved the other way Fill or Kill This option may be used to counter the issue of Slippage By choosing this option you are giving instruction to either trade at the price you have specified or to cancel your instruction Example You decided to sell the DOW at 13100 and chose the Fill or Kill option When you click the Trade button your order is sent to the market and if the price is still the same as it was when you clicked the Trade button the transaction is done at that price i e it s filled However if the price has changed whether in your favour or a
49. slippage A automated buy or sell instruction specified by a client on the trading platform when the market price reaches the level you are willing to buy sell at e a pending trade that is only executed as trade when the client s conditions are met E g A futures trader might place an order to buy an index future if its market price falls to a certain level Slippage or gapping occurs when the market moves directly from one quoted price to another significantly different quoted price Market gaps are common during times of volatility Slippage has a bearing on stop loss orders because the market may never trade at the price specified in a closing order Guaranteed orders are a protection against slippage Securities Exchange News Service An instruction to buy or sell a product when it reaches a price that is better than that prevailing at the time of the placing the order It can be used to open a new position where you anticipate a more favourable market price buy or sell lt can also be used to close an existing open position when the price reaches a certain level An index is a method of measuring a stock market as a whole The most regularly quoted market indices are based on the shares of large companies listed on a nation s largest stock exchanges such as the UK FTSE 100 or the German DAX Commodities are physical goods related to industry or agriculture Examples include oil natural gas and metals and foodstuffs such as rice
50. st traded price trades at or above the Take Profit level To set a Take Profit level simply select the Take Profit box and enter the level of profit you wish your trade to be closed out at in the adjacent box 22 GT 24 0COM gt FUTURE TRADER User Manual What s Stopping You How to 2 5 3 Trailing Stop Trailing Stops allow you to track profitable positions automatically while protecting yourself from market volatility This means you do not have to monitor your open positions constantly and move your stops should the market move in your favour Trailing Stops can be applied edited or removed at any time while a position is open Once you have selected the distance specified number of points you would like your stops to be moved Future Trader will immediately start maintaining the stop offset Trailing Stops must be scaled to the product tick size See our full Futures product list on our website for applicable tick sizes Example Buy 10 EUR USD fa 1 1130 Trailing Stop 0 0020 Stop loss 1 1000 EUR USD moves to 1 1150 Stop Loss will be moved to 1 1020 thereby maintaining the initial 130 point offset Buy 10 DOW fa 9050 Trailing Stop 20 Stop loss 9000 Dow moves to 9070 Stop Loss will be moved to 9020 NOTE If you do not select a Trailing Stop when entering the trade and only enter one later the Stop Loss offset will be evaluated against the current Offer Buy and Bid Sell price The Trailing Stop Loss i
51. t the position would be closed out exactly at the chosen level If the market is moving very fast you could have a considerably larger loss than the initial 20 points In such cases G1247 com will contest the closest price to the anticipated exit price or better To counter the abovementioned scenario a Guaranteed Stop Loss could be used 2 5 1 3 Maximum Select this option if you wish to use the use the maximum allocated Stop Loss 2 5 1 4 Manual Select this option and enter the appropriate price level if you wish to manually control the maximum level at which the price would have to descend to before your position is closed out 2 5 2 Take Profit The Take Profit is similar to a Stop Loss only referring to profits Take Profits make sure that once your trade reaches a certain level of profit it will be closed By setting a take profit level you protect your profit in the case that your trade becomes unprofitable Example You Buy the DOW for 13500 After a few hours the price rises to 13650 but an hour later drops to 13350 Without a Take Profit you might miss the rise in price and end up witha loss As with Stop Losses there is no guarantee that the trade will be closed at or near the chosen level because markets can gap past the Take Profit level However with a Take Profit this can only be to your benefit NOTE Take Profits are only triggered whilst the product Is open Take Profits will only exit a transaction when the La
52. ut menu on the Toolbar Cascading Windows FUTURE TRADER a Vo a Meo i tel ts aaa l A Td A i well pe SS AA AA A Fr Wim ee A a p Ei my 55 a a oe ii hi Ba bb aa H baii mn E a iii d E E nL 1044 E Sah Oe eee A ii i bajai iii has Dike tas j ia ii 1 nee By cascading the platform s windows you will be able to see all or part of each window Cascading the windows stacks them so that each window title bar is visible To cascade the platform windows select the Cascade Windows option from Layout menu on the Toolbar 39 lt GT2470COM gt FUTURE TRADER What s Stopping You Customization Customizing the Favourites Ticker 1 Change the way the ticker displays your favourite products by using the Change View drop down menu e Images Displays the last traded price percentage change in price since last price update e High Low Displays the day s highest amp lowest prices the last traded price and the percentage change in price since last price update 2 Vary the scrolling of the ticker by using the up and down Speed arrows To show or hide the Quick Trade Ticket use the Visibility indicators on the top left hand corner 40 FUTURE TRADER User Manual GT 24 0C0OM gt What s Stopping You Glossary Spread Rollover Long Go long Short Go short Margin Hedging Gearing Leverage Spot Liquid Liquid Market Limit up limit down Bear Bear Market

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