Marketiva How To's - Basic
Well, I am not going to elaborate or explains in length the registration process for Marketiva. Assuming all of you have already registered to Marketiva,downloaded and installed their streamster client and successfully login to the Marketiva server, it is now time to get down and dirty. Let's go trading !!
The above screen is the Marketiva Streamster Client screen. This is where you execute your trading (not yourself ok !!) online. The above left portion / quadrant , you can see all the available pairs eg: (EUR/USD), (USJ/JPY) etc. and their price(s) updated in (well, almost) realtime.
See the close up screen for that portion:
You will notice that the numbers (and colors) in the above columns will be updated from time to time. I will explain briefly what each and every columns signifies.
Last : 1.1814 - Latest price for that particular currency
Bid : 1.1811 - Current bid price - Price at which broker or dealer are willing to buy
Offer : 1.1814 - Current offer price - Price at which broker or dealer are willing to sell.
Change : -.0004 - Changes / Difference from opening price for that day
High : 1.1839 - Highest price reached for that day
Low : 1.1766 - Lowest price reached for that day
Open : Opening price for the day.
You might see the numbers in the "Change" column changes colors (Red / Green / Black) , accompanied by either -ve or +ve sign.
If it's Green and accompanied by +ve sign, it means the current/last price for the currency is up several points as indicated from the opening price of the day.
If it's Red and accompanied by -ve sign, it means the current/last price for the currency is down several points as indicated from the opening price of the day.
If it's Black and not accompanied by any sign, it means the current/last price for the currency is the same as the opening price of the day.
Ok for that part now let's buy/sell the currency:
First, select and click at the currency pair you would like to trade with. In this example, you will click at the "EUR/USD" text in the currency column.
A pop up screen will appear for you to make your order.
The chosen currency pair selected
Instrument:
You can choose the selected currency pairs to trade from the list.
Buy/Sell :
Make your choice to buy/sell (a.k.a long/short) the currency.
Quantity :
Quantity will determine how much profit (or loss) will affect you for each point rise/decline in for the pair. Select wisely.
Desk :
Decide which fund you would like to use for trading, either your virtual or live account (money).
Click the OK button when your'e finished to confirm your order.I
Pay attention to your points in each position.
Green colored points indicates you are in profitable situation.
Red colored (and negative "-ve" ) points indicates otherwise.
To take profit from your current post, close your position only when your points shows Green , non negative numbers.
Also, to avoid losing further, you can also close your position at any time.
To close a position just click at the position intended (or position ID).
A box like below will appear. Just click Close and confirm your choice.
Ok I think that should cover the basics, for detailed instruction and help, you can visit Marketiva website for help instruction or get live support directly from their support staff at the support channel.
Happy trading.
