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Up & Down Options - User Guide for Varchev Absolute Trader
1. Login To The Platform
To enter the platform you must have either Demo or Real Account.
VAT is a web-based trading platform offering sophisticated tools and real-time financial data. To login to the platform you have to enter this page for Demo User or this one if you have Real Account.
First you will be introduced to Login Window where you have to provide your login and password you received in the registration e-mail (demo account).
If you enter wrong login or password such information will be displayed.
Just click „OK” button and then insert proper login and password.
2. Platform Interface
2.1 Changing the perspective from Forex to Options
Once you logged to the platform you will be introduced to the default view which is Forex perspective.
A side panel will appear on which you have to click on Options icon.
Note – the perspective has been changed and now you are in Options perspective.
Once you enter it, you can find such modules as:
- Market Watch;
- Click & Trade Window;
- Trading Portfolio Window.
You will find description of each module below.
2.2 Market Watch
Market Watch enables you to track financial assets prices. Here you can find list of all available instruments alongside with Bid and Ask prices. There is also such information as Spread and Time.
You can also customize the window by changing the order of the columns or by hiding the ones that are not necessary for you. To do so, click on Market Watch window and choose Personalize table view.
Personalize table view window will appear where you can do any changes you wish. All you have to do is to mark Select columns to be visible section the ones you do not want to see and by the use of the arrows move it to Available columns section.
Confirm by clicking ok.
Note – Market Watch has been changed.
You can also change the order of the columns. To do so left click on the selected column (note that you have to click and hold the button) and then just move the column to the place you want it to be.
In the same way you can change the order of the instruments. Just drag the one you want to move and drop it in place you want it to be.
2.3 Click & Trade Window
Click & Trade Window can be found on the right side of the platform. It enables you to execute transactions.
It consists of instruments windows and each window presents all crucial information about the instrument.
You can find here:
A Name of the instrument
B Instrument chart
C Rate of return from the transaction – is calculated after you decide on time frame and the amount of money you want to invest;
D Field where you write how much money you want to invest
E Payout – its calculation is also dependent on option expiry time and amount of invested money
F Time expiry panel
G Current instrument price on the market
H Bid button
I Button that removes the instrument from Click & Trade Window
J Button that enables or disables trades confirmation
To add new instrument just drag it from Market Watch and drop it in Click & Trade Window.
There is a second possibility. In Add field enter the name of the instrument and select it.
To remove – click on the x button that can be found in the top right corner of each window.
2.4 Trading Portfolio Window
Trading Portfolio Window can be found at the bottom of the platform. You will find there all your open positions and transaction history.
Open Positions Window has the following elements visible by default.
You can find here:
A ID - Name of the instrument
B Number of the transaction
C Open Time - exact date and time of opening the transaction
D Strike – the price of the instrument in the moment when particular trade was executed
E Expiry – exact date and time of closing the transaction
F Payout – information about the money you will earn when you predict correctly the market direction
G Type - chosen market direction (Up or Down)
H Initial value – the amount of invested money
I Button that closes the trade.
Note - if you decide to close any transaction it means that you lose all your invested in this particular deal money.
History Window has the following elements visible by default.
You can find here additional information to Open Positions Window such as:
A Open Date and Close Date - exact date and time of opening and closing the transaction
B Expiry Price - the price of the instrument in the moment when particular trade was closed
C Open Premium Pips / Cash – opening price in pips versus this value in cash
D Close premium Pips / Cash – closing price in pips versus this value in cash
E Total Result – the result of the transaction whether you gain profit or loose
All your trading history can easily be exported. To do so, you have to use these buttons that can be found below the History Window.
First choose the date range and press Load data. All your trading history will be displayed from selected time. Then you have two options:
1. Print report – the possibility to export the data to PDF.
2. Send report – the possibility to send the data to the email provided during registration process.
Both windows can also be adjusted to your needs in exactly the same way as Market Watch (right click and choose personalize table view or drag and drop).
2.5 Account Information
All information about your account can be found on the very bottom of the platform.
You can see here such information as:
- Free margin and Margin level.
3. Trade Execution
You can execute any transaction in 5 simple steps:
STEP 1: Choose an underlying asset.
Note: you can only trade from Click & Trade section. To put your favourite instrument there just drag it from Market Watch and drop it in Click & Trade window. There is a second possibility. In Add field above Click & Trade window enter the name of the instrument and select it.
STEP 2: Set the sum of money you want to invest for an Option contract.
You will see the Payout below, i.e. the overall sum of money you gain on condition that the underlying market moves in your favour. In addition, the information about the rate of return of your investment is displayed.
Note: you can invest minimum 10$ and maximum 2500$. If you exceed the amount of money a warning will be displayed.
STEP 3: Select expiration time
You can choose out of six possible expiration timeframes by clicking on the minute tabs. You will see the remaining time until the expiration in minutes and seconds in the cell.
STEP 4: Choose the market direction
You can decide whether you expect the underlying market price to go higher (click on up arrow) or lower (down arrow) at the set expiration time, then the current price on the market (displayed between these arrows)
STEP 5: Execute your transaction
Once you select the desired arrow, the Confirmation window displays. You have 5 seconds to execute your trade by clicking on Yes button.
Once executed the transaction appears in Trading Portfolio Window in the Positions tab.
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Derivatives and margin trading involve a high degree risk level. You should not trade Forex and CFD unless you fully understand how it functions, what your benefits can be, what your risk is, and what you may lose. Please, note that the losses can be practically unlimited and that the initial deposit will not permanently limit the risk. You have to fully realize your financial status and make sure that trading in derivatives hides the risk of losing the entire amount invested. Invest only the amounts that you are able to lose.