 Job with the terminal, Marketiva.
The screen consists of four information windows. We will consider more in detail each of its parts.
In the left top window there is a table of the running quotations of the currency couples sampled by you.
Currency vapours is a combination of two currencies with which help display a rate of one of currencies in relation to other. The currency, standing the first in a combination, is called the basic. The currency, standing in a combination, it is accepted the second names the quoted. The exchange rate speaks about that, how much the quoted currency gives for a leading world currency.
Thus, rate EUR/USD 1.2879 means, that for 1 euro (EUR) give 1.2879 US dollars (USD). Rate USD/JPY means, that for 1 US dollar (USD) give 104.96 Japanese yens (JPY). By the way, quotations in international currency market FOREX are normally expressed by five-place number.
Examples of currency couples:
- EUR/USD - Euro / the American dollar;
- USD/JPY - The American dollar / the Japanese yen;
- GBP/USD - The British pound / the American dollar;
- USD/CHF - The American dollar / Swiss franc;
- USD/CAD - The American dollar / Canadian dollar;
- AUD/USD - An Aussie dollar / the American dollar.
The information on columns:
- Currency - the name of a currency couple
- Last - the last quotation dimension
- Bid - the quotation for sale
- Offer - the quotation on purchase
- Change - deflection of the quotation from daily average
- High - the maximum quotation for days
- Low - the minimum quotation for days
- Time - time of the last variation of the quotation
- Open - the quotation at period opening
- Close - the quotation at the close the period
The difference of quotations is normally metered in items - 1 item corresponds to unit of a least significant digit of number of the quotation.
Having cluck on number in column Bid you can place the order for sale, and in column Offer on purchase of corresponding currency. The difference between quotations in these columns makes commission Marketiva spread. That is for example, having purchased and at once having sold (not waiting quotation variations), you will lose currency from 3 to 5 items at job with primary currency vapours (that is, that is correlated with US dollar - USD). For secondary currency couples this difference can make to 12 (and can and more) items.
Having cluck on button Subscriptions you can sample (to add, delete) those currency vapours, which quotations you wish to receive. Button Columns allows to sample columns which you wish to see in this window.
Besides in this window there is bookmark Latest News having cluck on which you can see the latest news and as to be signed to (unsubscribe) on (from) corresponding newsgroups which can as-or to affect monetary conditions, so to help you with trending of its variation.
In the right top window there is a schedule of currency and a chat for dialogue.
In this part you see the schedule of dynamics of variation of the quotation of the sampled currency couple (in our example USD/JPY, a time interval of 5 minutes). Plus to it you can nominate display of various analytical schedules (in my example it MACD) which, besides, can help you with the analysis of market tendencies.
Besides on the schedule it is possible to display your rates together with an end terminal conditions.
Having cluck with the right button of the mouse on the schedule you can sample currency couple from the appeared menu, a time interval to which it is necessary to detail the schedule, additional analytical schedules, plotting scale of the image, etc. Besides in the same place you can call a window for application for purchase (sale) of the running currency couple.
Except the schedule in this part there is tab Discussions which allows you to participate in various chats of program Marketiva. There, including, there is also a Russian-speaking chat. You can easily be signed or unsubscribe to any groups.
In the left bottom window is Portfolio displays the running status of your bill on Marketiva.
Here it is possible to see the sum opened by you on each of currency couples of items. And prospective result of immediate closing of all items opened on the given currency couple (Profit). The sum which is on each of your bills and that sum which is the lien of current transactions Used Margin Besides is underlined. On Marketiva the mortgaging shoulder makes 1:100, i.e. performing operation for the sum of $100 I mortgage on its realisation of $1 from the bill. Thus having on the bill of only 5-10 dollars it is possible to operate with the sums of some hundreds dollars. Thus at a prize on a price spread of 1 item we secure the profit in 1 cent from each dollar.
It is necessary to note, that the operation sum can make and 1 cent, the truth thus your income of operation will be metered by the 100-th shares. For example having opened the bargain in column Quantity 100 (Quantity in cents on Marketiva), that is on $1, your income will be 1 cent for each item. That is at earnings of 100 items - your profit of 100 cents.
Besides at this part there are tabs allowing to tune and receive various warning signals about a market position. I think, that correct use of events can facilitate hardly work on supervision over a market position.
In the right bottom window - your trading items and their status. Column Positions.
In this case two items on purchase (LONG) and sale (SHORT) EUR are opened. Six items are already closed with positive profit (the profit is received). In the first item it is possible to see, that purchase at the rate of 1.1862 for the sum of 50 cents is made and will be closed automatically (Target) on arrival of an exchange rate 1.1867. In column Profit it is possible to see what profit at present under this bargain.
Concept about Short and Long operations: operation LONG is an operation at which we expect elongation of the following item. I.e. we have purchased below (at a low price) and now we wait for its magnifying for sale. Well, and operation SHORT - on the contrary, we at first have sold under the heavy price, and then we wait for reduction of the price for the repayment back.
Having cluck on an open position you receive the following screen, on which you can sample what to make with the sampled item - to change - Change installations or to close - Close immediately, in column Orders it is possible to make their cancellation for even outstanding (postponed) warrants without fulfilment.
If you sample variation - Change (I advise always to use for closing of items only it) will see a below-mentioned window in which can change installations of a terminal conditions of end of an item. In column Exit Target put the closing price which you arranges. And as soon as the market will reach your fixed price is not dependent on quantity of requests about a server of yours DC and rates of the Internet - your item will be closed.
Why I do not advise to use the closing button - Close? Simply all the same it is system of a remote access and she assumes availability of a time delay, and for this time the quotation can leave in the unprofitable party for you. During sharp movement of the market not you one close items. And the server cannot cope instantly with thousand requests per second. Your command on closing can be delayed on a couple of seconds and the warrant will be closed not under which that price you wanted.
On the given screen the first Exit Stop-Loss - significance of the quotation at which you wish to leave with a loss in income (during the auctions this value can be transferred you and towards an output with the guaranteed income). Second Exit Target is the your target quotation, that income for which you expect though during the auctions you can transfer it and to loss area, wishing to minimise it within the running oscillations of the quotation.
Now we will give a few notices to the process of exhibiting of demands for sale-purchase.
The first field I think clearly without comments. Buy/Sell - a choice of a type of operation, you wish to purchase quoted currency (euro) or to sell. Now very essential fields Price and Price Type. You have a possibility to sample one of three types of the price:
Market (it is sampled by default - thus variation of a field of the price not well), will make operation under the price which is known at the moment of demand receipt, operation is executed immediately after receipt.
Limit (operation with limiting) - allows to sample a ceiling price on which you are ready to make purchase or minimum on which are ready to make sale. Operation is executed after crossing by a current price of the margin set by you.
Stop (the movement stop) - allows to wait variations of a moving direction of the price. For example you wish to purchase as it is possible more cheaply when the price will start to grow, but do not know where price movement will go. You can exhibit the stop warrant on purchase above a current price (if it was the Limit-warrant purchase would occur immediately). Now you wait where movement of the price and if the price continues to fall will go, correct the warrant on lower threshold, well and if the price starts to grow there will be a purchase. I.e. you have waited variations of a moving direction of the price.
Duration - demand period of validity.
Duration Type - a method of cancellation of the demand (by default Good till cancelled - while you do not cancel the demand). Good Till Date - remains it is valid before the date sampled by you. Immediate or cancel - the warrant will be immediately executed (if satisfies to other conditions) or is excellent.
Quantity - quantity of currency. It is underlined in cents.
Quantity Type - a quantity type, only completely (Full) or it is possible partially (Partial). Actually there is no difference what type of the sum you exhibit opening the warrant: Full or Partial. This option is granted for other kind of assets and is not used at trade in the market Forex. It is possible to ignore it at trade.
Exit Stop-Loss - the price at which you wish to close an item after warrant fulfilment if the price moving direction mismatches your forecast, i.e. with negative result of commercial transaction.
Exit Target - a guide price of end of the bargain. The price on which you plan to receive profit and automatically to close the bargain.
Desk - you can sample Live Trading - real or Virtual Trading - a virtual bill (for trainings).
Text - simply comment for itself.
I believe all it not difficultly to study and understand, to work on Marketiva.
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