How To Trade
How To Trade
How To Trade
How Do I Trade?
April 2012
Trade Mogul
2011
TABLE OF CONTENTS
1 HOW DO I TRADE? ............................................................................................................ 3 1.1 1.1.1 1.1.2 1.2 1.3 1.4 1.5 1.6 1.7 Price ladders ..................................................................................................... 4 How to place an order?........................................................................................ 4 How to delete an order? ...................................................................................... 5 Order book ....................................................................................................... 6 Time and Sales.................................................................................................. 6 Fill Book ............................................................................................................ 7 Portfolio............................................................................................................ 7 Message Book .................................................................................................. 8 More Questions................................................................................................ 8
Trade Mogul
2011
HOW DO I TRADE?
After you login and click Trade you will see a screen with lots of numbers flickering. Well, welcome to our world. To get you familiar with the trade page, please refer to the document below This is what a typical trade page would look like.
Trade Mogul
2011
1.1
Price ladders
The price ladder is where the drama happens. Every ladder has a bid column (blue box), where people place lots to buy a particular product and an offer/ask column (red box), where people place lots to sell a particular product. In between are the prices on which people either bid or offer a particular quantity.
1.1.1
How to place an order? Lets say you want to buy one of the four products. You may click anywhere on the bid side. A ticket window opens up. There you can decide the quantity (either by toggle buttons or pressing the pre-specified quantity buttons), then you can toggle GFD (Good for day), toggle Limit (if you want a price)/Market (if you want a particular quantity irrespective of the price) and then click Submit. Similarly, the orders can be placed to sell by clicking on the ask side (right side of the prices column). You can also place a top loss order (to be triggered if some price is reached). Note: a sell stop loss order can only be placed below the current trading price and, similarly, a buy stop loss order can only be placed above the current trading price.
Trade Mogul
2011
1.1.2
How to delete an order? From a price ladder, you can delete all buy orders / all sell orders / and, or all orders on a ladder. If you want to delete a particular order, it can only be done from the order book (to be explained later).
Trade Mogul
2011
1.2
Order book
This is where you can see all the orders before they get executed (filled). This shows various columns such as Time, Product, Qty, Price etc. You can delete an order by left clicking on it and then right clicking on the selected order and Click Delete Order. You can also modify an order by selecting an order and then right clicking on it and then click Modify Order. You can increase/decrease quantity and toggle the price up/down. Note: If you toggle the price of a buy limit order to a price above the current trading price, it becomes a market buy order. Note: Delete all orders deletes all orders from all products
1.3
Trade Mogul
2011
1.4
Fill Book
After your order gets executed (filled), you should be able to see those trades in your fill book. Buy orders are seen in blue while sell orders in red.
1.5
Portfolio
This is the history of your trades. It shows your number of trades (Total Buy/Total Sell), your Open positions (which need to be squared off to book a Profit/Loss), Your Profit/Loss (based on the current market prices in case of open positions).
Trade Mogul
2011
1.6
Message Book
This is where you see all messages which were submitted, filled or sometimes rejected.
1.7
More Questions
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