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Contents
1. 2. 3. INTRODUCTION ........................................................................................................................................................................................................ 4 OVERVIEW ............................................................................................................................................................................................................... 6 GETTING STARTED ................................................................................................................................................................................................... 7 3.1 3.2 3.3 3.3.1 3.3.2 3.3.3 3.3.4 4. LOGGING IN TO WEBPROFIT .................................................................................................................................... 8 FUNDING AND WITHDRAWING FROM YOUR PROFIT ACCOUNT........................................................................................ 9 GETTING FAMILIAR WITH THE WEBPROFIT WORKSPACE ............................................................................................... 10 Status bar ................................................................................................................................................... 11 Quotes panel .............................................................................................................................................. 12 My Portfolio Panel ..................................................................................................................................... 14 Side bar ...................................................................................................................................................... 15
OPENING NEW POSITIONS AND PLACING NEW ORDERS ........................................................................................................................................ 19 4.1 4.2 4.2.1 4.2.2 4.3 4.4 4.5 DISPLAYING SYMBOLS IN THE QUOTES PANEL ............................................................................................................. 20 OPENING A POSITION AT THE CURRENT MARKET PRICE OR PLACING A MARKET ORDER ..................................................... 22 Opening a Position in the Confirm Mode .................................................................................................. 23 Opening a Position in 1-Click Trade Mode ................................................................................................. 24 PLACING AN ENTRY ORDER ..................................................................................................................................... 25 PROTECTING YOUR POSITIONS WITH SL/TP ORDERS ................................................................................................... 27 PROTECTING YOUR ENTRY ORDER WITH OCO ORDER ................................................................................................. 30
5.
MANAGING EXISTING POSITIONS AND WORKING ORDERS ................................................................................................................................... 32 5.1 5.2 5.3 5.4 5.5 5.5.1 5.5.2 5.5.3 5.5.4 5.5.5 MODIFYING OPEN POSITIONS ................................................................................................................................. 33 MODIFYING ENTRY ORDERS.................................................................................................................................... 35 CLOSING POSITIONS .............................................................................................................................................. 37 REMOVING ENTRY ORDERS .................................................................................................................................... 39 MANAGING YOUR POSITIONS AND WORKING ORDERS VIA THE MY PORTFOLIO PANEL ...................................................... 41 Managing Your Open Positions .................................................................................................................. 42 Viewing Your Closed Positions ................................................................................................................... 43 Managing the Exposure of Your Trades ..................................................................................................... 44 Managing Your Entry Orders...................................................................................................................... 45 Viewing Your Trading History..................................................................................................................... 46
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6.
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1. Introduction
WebPROfit is an easy to use online trading platform allowing you to trade anytime from anywhere. This platform is based on cutting-edge trading technology which was designed with the user in mind. WebPROfit provides a real time customizable graphical representation of the market movements and of your trades. WebPROfit offers you various trading tools, news feeds and support directly from the platform. Both, the beginners and the experienced traders can use this trading platform by easily adjusting its customizable features to their specific needs. The use of WebPROfit will maximize your trading success due to the following features and advantages: No download required. One-click trading execution. Instant trade execution. Direct platform support. Ability to trade forex, commodities and CFDs using advanced charting tools. Up-to-the-minute news streamed to the platform. Ultimate trading environment.
Chapter 1: Introduction
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This manual contains 3 main sections: Chapters 1-3 cover the basic information you need to know about WebPROfit before starting to trade; Chapter 4-5 cover the main trading tools that you can use to manage your trades; Chapter 6 explains how to use NetDania Chart tools.
This manual provides information on the WebPROfit platform without getting into an explanation of how to trade forex. To get a general overview about forex trading principals, please refer to Knowledge Center at http://www.fxgm.com/KnowledgeCenter/
Chapter 1: Introduction
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2. Overview
WebPROfit platform helps you easily manage your trades by providing you with advanced trading tools. The WebPROfit workspace is customizable and can be adjusted to your needs. WebPROfit provides you with various ways to manage your trades. You can use WebPROfit tools to quickly open positions, place and modify orders. Once you become an experienced trader, you can also use advanced chart tools to better analyze the forex market and your personal trading strategy.
Symbol is a
tradable asset.
WebPROfit allows you to trade with two types of Symbols: Forex (FX) is a Currency Pair. For example, AUD/CAD is one FX symbol. CFD is a Contract for Difference. For example, APPLE is one CFD symbol.
Chapter 2: Overview
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3. Getting Started
The current chapter provides information on basic steps you need to perform before actually starting to trade with WebPROfit: 1. 2. 3. Logging in to WebPROfit. Funding and Withdrawing from your WebPROfit account. Getting familiar with the WebPROfit workspace.
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Retrieving Password
Click the Forgot Password. In the box displayed, enter your email address and click OK. The password is sent to your email.
2.
Enter your username and password. Click the Show Only Live check box to display only your Live accounts. Click Login; the list of your accounts is displayed.
3. 4.
5.
Select the desired account and click Launch; the selected account opens.
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You will automatically be redirected to the billing site. 2. Fill in your Billing Information and click Deposit.
You will automatically be redirected to the billing site. 2. Fill in the Withdrawal Details, and click Submit.
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My Portfolio Panel
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Help
Clicking the error above the Balance indicator will open a menu containing the Contact Us and Help options. Use the help option to download a complete user manual. In addition, you can click the Chat button next to the error to begin the chat session.
Account Equity: Displays the current value of your account. PROfit calculates this as your initial deposit plus the Profit and loss on open and closed trades (realized and unrealized P&L) plus Bonus plus Credit plus withdrawals plus rollover. Exposure: Displays the amount of real time capital exposure on your account based on your leverage and account equity. Margin %: The amount of equity contributed by a customer as a percentage of the current market value of the securities held in a margin account. Open P&L (Open Profit / Loss): Displays the potential profit or loss you would make if your active positions were closed at the current market price. Available Line: Displays the amount of your total buying power existing in USD, based on your leverage and account equity. For example, with 0.5% margin, your available buying power is equal to 200x your current account balance. Used Margin: Displays the amount of Account Equity currently being used to maintain all your open positions. Used Margin calculated as follows: Size of position * Rate to USD) / 100. For example: If you buy 1 lot (10,000) GBP/USD @ 1.9520, the Margin Calculation will be: (10,000 GBP * 1.9520)/100 = $195.20 Used Margin Usable Margin: Displays the amount of account equity not currently committed to maintain the open positions. Usable Margin is also known as the amount available to open new positions. Used Margin plus Usable Margin equals Equity. Balance: Account Equity plus Open P&L.
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Layout Toolbar
The Layout toolbar is on the top right side of the Quotes Panel. Allows you to add Currency Pairs into the Quotes panel. Allows you to add CFDs into the Quotes panel. Displays the List View Displays the Box View Enables trading in Confirm mode. Enables trading in 1-Click Trade mode.
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Quotes panel in the List View (Confirm Mode) List View in 1-Click Mode
When you choose the 1-Click Mode, an additional column appears in the grid allowing you to indicate your trading amount directly in the grid.
Clicking the in the Layout Toolbar, will display all the symbols in a List view. In this view, each symbol appears as a separate row in a grid. The Quotes List displays live dealing rates of each symbol and the time of last modification to the exchange rates. This list also displays the lowest ask price and the highest bid price recorded since the start of the trading day. In addition, the percentage of change which was recorded since the last market close is also displayed in % and in pips.
You can use the Sell/Buy buttons to open positions. See section 4.2 Opening a Position at the Current Market Price or Placing a Market Order for more information.
Quotes panel in the Boxes View (Confirm Mode) Boxes View in 1-Click Mode
When you choose the 1-Click Mode, the Amount list appears allowing you to indicate your trading amount directly in the grid.
Clicking the in the Layout Toolbar, will display all the Symbols in a Box view. In this view, each symbol is presented as a separate box that shows live dealing rates of the symbol.
You can use the Sell/Buy buttons to open positions. See section 4.2 Opening a Position at the Current Market Price or Placing a Market Order for more information.
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There are five tabs in the My Portfolio panel: Open Positions, Closed Positions, Exposure, Entry orders, and Log. In the Open Positions tab you can view all your open positions, modify and close them. In the Closed Positions tab you can search and view the details of all your closed positions. In the Exposure tab you can view your account exposure which is divided by symbols. In the Entry Orders tab you can view your orders that have not been executed yet and edit them. In the Log tab you can view all your transactions, as well as search all your positions and orders by date.
For more information, see Section 5.5 Managing Your Positions and Working Orders via the My Portfolio Panel.
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Chart tools
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News Feeds
Clicking the slider opens the News Deeds slide, which provides you with streaming market updates. To view the complete news story, simply click on the running headline and the News Details window appears. Use the Previous, Next and Close buttons to navigate the window.
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Economic Calendar
Clicking the slider opens the Even Calendar slide that provides you with a quick preview of economic events for specific dates, including their evaluated importance. Clicking the Event title will display additional information under the Details tab. Clicking the Chart tab will display the current symbol as a chart, and clicking the History tab will show related history events.
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NetDania Chart
Clicking the slider opens a slide containing the NetDania chart.
For more information on how to use chart tools, see section 6 Using NetDania Chart Tools for more information.
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The following example illustrates the placement of Buy Entry Limit order: suppose the EURUSD market price is 1.2600 and you believe that the price will begin to rise after first dropping to 1.2540. In this case, you set your Buy Entry Limit to 1.2540. When the market will reach this rate, the position will automatically open.
Buy Entry limit place this order when you believe that the price will begin to rise after first dropping to a certain level. The order is executed when the ask price is equal to the Buy Entry order.
Buy Entry Stop place this order when you believe that the price will continue to rise after it breaks above a certain level. The order is executed when the ask price is equal to the Buy stop order.
Sell Entry limit place this order when you believe that the price will begin to fall after it reaches a certain level. The order is executed when the bid price is equal to the Sell Entry order.
Sell Entry Stop place this order when you believe that the price will continue to fall after it breaks below a certain level. The order is executed when the bid price is equal to the Sell Stop order.
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Removing a Symbol
To remove a single symbol from the Quotes panel you can uncheck the Box/ List View checkboxes. Alternatively, you can select the desired symbol from the right list and then click Remove. To remove all symbols from the Quotes panel, click the Remove All button, and then click Yes to confirm.
2.
In the left list find the symbol you want to add by using the scroll bar. Alternatively, you can simply type letters into the Search text box; the list of all symbols containing these letters will be displayed. Double click the symbol you want to add to the Quotes panel or click the checkbox next to all symbols you want to add, and then click Add; The selected Symbol is added to the list on the right side. By default, the Box View and the List View checkboxes are checked, so the symbol appears both as a row in the Quotes list view and as a box in a Quote box view. To change the symbols order, click the symbol in the list on the right side, and use the Up and Down errors to change its place.
3.
4.
Click OK to confirm.
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4.2 Opening a Position at the Current Market Price or Placing a Market Order
WebPROfit enables you to open your positions at the current market prices in two different modes: Confirm mode and 1-Click Trade mode. You can use the Confirm Mode and the 1Click Trade buttons to switch between the modes. The ability to open positions in 1-Click Trade mode and in the Confirm mode is enabled in both, the List view and the Box view.
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The Confirm mode enables you to confirm each position you open before its final execution. In this mode, you can use the Open Position window to place positions at the best available market price. You can display the Open Position window via the Quotes panel, both in the List View and in the Box view.
The Ask / Bid button which represents the current direction of your position appears highlighted.
By default, the Limit Type field is set to None. For more information on limiting your position, see Section 4.4 Protecting Your Positions with SL/TP Orders.
The Type field is set to Market Order, allowing you to open a position at the current market price.
In the Open Position window, in the Amount list, select or type the size of your trade. Click OK to confirm; the position opens and the Info window appears confirming your action. Click OK or to close the Info window.
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When you want to monitor market movement and make trades quickly, you can use the 1Click Trade mode. The 1-Click Trade mode allows you to open a position without confirmation, in one click. After you define your trading mode as the 1-Click trade mode the Quotes panel is modified as follows: In the List view, a new Amount column appears.
In the Box view, a new button appears in the right corner of the Buy and Sell buttons, and the amount list is displayed:
To open a position in 1-Click mode, follow one of the following methods: Method A Method B
In the List view, in a desired symbol row, select or type the size of your trade and click Buy/Sell; the position opens. In the Box view, in a desired symbol box, select or type the size of your trade and click Buy/Sell; the position opens.
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The execution rate of your entry order which you enter into the Order Rate text box must be in the range indicated below the text box.
The Type field is set to Entry Order allowing you to specified rate other than the current . market price in the Order Rate.
Use the Good till Cancelled option to specify the expiration date of your entry order. Once the market reaches this value, the entry order will be canceled.
You can view all your entry orders that havent been executed yet in the My Portfolio panel, under the Entry Orders tab. Once the entry order is executed, it is exported to the Open positions tab.
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There are several methods to display the Open Entry Order window: Method A In confirm mode Method B In confirm mode Method C
In 1-Click mode In the List view, click the Buy or Sell button in the relevant symbol row; the Open Position window is displayed. In this window, in the Type drop down list, choose Entry Order; the Open Position window is expanded to the Open Entry Order window.
In the Box view, click the Buy or Sell button in the relevant symbol box; the Open Position window is displayed. In this window, in the Type drop down list, choose Entry Order; the Open Position window is expanded to the Open Entry Order window.
3. 4. 5.
6.
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From the Amount list, select or type the size of your trade. From the Limit Type drop down list, choose SL/ TP; the Open Position window is expanded as follows:
4.
When entering an Amount value, the modified At Rate value must fall inside the range indicated in the Range text box below.
Check the Stop Loss and/or Take Profit checkbox; the rate range is displayed. Define your SL and/or TP rates by doing one of the following: In the At Rate text box enter your SL/ TP rate; the Amount value is automatically modified to fit the entered rate. Alternatively, in the Amount text box enter the approximate amount which will trigger the SL/ TP order; the At Rate value is automatically modified. In the Limit Expiration section, specify the expiration date of your SL/TP, if desired. Click OK; the SL/TP order is placed and the Info window appears. Click OK or to close the Info window.
5.
6. 7. 8.
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2.
3. 4.
5.
6. 7.
Check the Stop Loss and/or Take Profit check box; the rate range is displayed. Define your SL/TP rates. For more information, see To place a Stop Loss / Take Profit order to Market order, in Section 4.4 Protecting Your Positions with SL/TP Orders. Click OK; the SL/TP order is placed and the Info window appears. Click OK or to close the Info window.
8. 9.
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You can use the OCO order to monitor your entry to the market by placing two entry orders simultaneously. If one part of the order is executed, then the other part is automatically canceled.
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2. 3. 4.
5.
In the At Rate text box, enter the rate of your OCO order execution. The entered OCO rate must fall in the range displayed below. Specify the expiration date of your OCO entry order, if desired. Click OK; the OCO order is placed, and the Information window appears. Click OK or to close the Information window.
6. 7. 8.
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Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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You can use this section to update the expiration date and time of the SL/TP orders you placed.
You can use this button to close your position at the current rate.
You can use this section to place new SL/TP orders, or to update and cancel existing ones.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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2.
3.
Click OK; the open position is modified, and the Info window appears, confirming your action. Click OK or to close the Info window.
4.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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You can use this section to change an entry order execution rate and amount. You can use this section to update the expiration date and time of the entry order you placed.
You can use this button to close your position at the current rate.
You can use this section to place new SL/TP or OCO orders, as well as to update and cancel them.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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2.
3.
Click OK; the entry order is modified, and the Info window appears confirming your action. Click OK or to close the Info window.
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Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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2. 3.
4.
Method B
1. 2.
In the My Portfolio panel, under the Open Positions tab, scroll to the end of the grid on the right. Click Close Position in the row which represents details regarding the position you want to close; the Confirm window is displayed. Follow steps 2-4 in Method A.
3.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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2. 3.
4.
2.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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2. 3.
4.
Method B
1.
In the My Portfolio panel, under the Entry Orders tab, scroll to the end of the grid on the right. Click Remove Order in the row which represents details regarding the entry order you want to close; the Confirm window is displayed. Follow steps 2-4 in the in Method A.
2.
3.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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2. 3.
4.
2.
Follow steps 2-4 in the To remove several entry orders instructions appeared above.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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5.5 Managing Your Positions and Working Orders via the My Portfolio Panel
The My Portfolio panel provides you with detailed information regarding all your existing and closed trades. This enables you to easily and effectively manage multiple positions and entry orders which havent been executed yet. In addition, you can use the My Portfolio panel to access the Position Details and Entry Orders Details windows, which allow you to modify all your positions and orders.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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To view more detailed information on your open positions, double click the symbol row or left click the symbol row and then click Details. The Position Details window appears. You can also use this window to modify your open positions and limit orders. For more information, see Section 5.1 Modifying Open Positions.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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2. 3.
You can view more detailed information on your closed positions via the Position Details window. To open a Position Details window, double click a position or left click the symbol and then click Details. The Position Details window is displayed.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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Under the Exposure tab you can see the number of all positions currently open for a particular symbol, the total size of your trades for the same symbol (Net Value), the Open P&L, and the average rate of all open positions for this symbol.
WebPROfit enables you to manage your exposure by specifying the exact positions to be closed for a selected symbol. You can close Only Sell symbol positions, Only Buy symbol positions or All symbol positions.
2. 3. 4.
Define which symbol positions to close by clicking the matching radio button. Click OK; the Confirm window is displayed. Click OK; the selected symbol positions are closed and the Info window appears confirming your action. Click OK or to close the Info window.
5.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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To view more detailed information on your entry orders, double click the symbol row or left click the selected symbol and then click Details. The Entry Order Details window appears. You can also use the Entry Order Details window to modify your entry and limit orders. See Section 5.2 Modifying Entry Orders for more information. To remove an entry order, see Section 5.4 Removing Entry Orders for more information.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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2.
Chapter 5: Managing Existing Positions and Working Orders. Copyright 2012 Trade Networks. All rights reserved.
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1. 2.
From the Chart toolbar, choose the icon. The Chart opens in a different window. This will allow you to simultaneously use both, the WebPROfit trading tools and the NetDania Chart tools. Click to close the slider. The NetDania Chart window will remain open.
3.
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