dbfx trading station user guide

8/6/2019 DbFX Trading Station User Guide

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User Guide


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Table of Contents

How to trade on dbFX 3

Viewing Rates 3

Spot Trading 6

Opening a position on dbfx 6

Open a position at the current market rate 6

Other Ways Positions can be opened 7

Placing orders on dbFX 8

Placing an Order Away From the Current Market Rate 8Modify an Entry Order 9

Canceling an Entry Order 9

Adding Stops and Limits to Open Positions 10

Other Ways to add a Stop or Limit Order to an Open Position 11

Modify/Delete a Stop or Limit Order 12

Adding Stops and Limits to Entry Orders 12

Trailing Stops 13

Order Execution Logic 13

Closing positions on dbFX 15

Closing a position from the Open Positions Window 15

Other Ways You can Close an Open Position 16

Account Information 17

The Accounts Window 17

Multiple Accounts Window 17

The Summary Window 18

Margin 19

Margin requirements for different types of orders 19

Rollover 22

Reports 22

Trading Station 23

Charts 27

Contacts 28

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Viewing Rates

The DBFX Platform contains live

executable quotes for 27 currency pairs.

Each currency quote box in the

Advanced Dealing Rates window

shown to the right contains information

about a specific currency pair, as defined

by the currency pair abbreviations at thetop of the box.

For example, EUR/USD represents the

Euro/U.S. Dollar.

The first currency in the pair is referred

to as the Base Currency

The second currency in the pair is the

Counter CurrencyThe price you see for each currency pair

is the exchange rate for that pair.

The exchange rate refers to the amount

of the counter (second) currency that can

be exchanged for one unit of the base

(first) currency.

Example:

EUR/USD is 1.2979, then 1.2979 US

Dollars can be exchanged for 1 Euro.

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How to trade on dbFX

Advanced Dealing Rates Window


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Buying and Selling

Each currency quote box contains both

a buy (also referred to as the offer) and

a sell price (also referred to as the bid).

When trading on the dbFX platform

you trade directly with a market maker,

cutting out commissions, and paying

only the spread. The spread is thedifference between the rate where

you can sell a currency pair and the

rate where you can buy a currency pair.

When the rate for a currency pair

increases this means that the first

currency in the pair is getting stronger

(as it now takes more of the second

currency to get one of the first currency)

and the second currency in the pair is

getting weaker. When the rate for a

currency pair decreases, this means that

the first currency in the pair is getting

weaker (as it now takes less of the

second currency to get one of the first)

and the second currency in the pair is

getting stronger.

Traders who expect the rate for a

currency pair to increase would buy

or enter a long position and traders

who expect the rate for a currency

pair to decrease would sell or enter

a short position.

High and Low

Also displayed in the currency quote

box are the high and low prices as

displayed in dbFX since 16:00 London

Time. The high shown is the highest buy

price reached since 16:00 London Time

and the low is the lowest sell price

reached since 16:00 London Time.

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Examples:

Buying

The EUR/USD is currently trading at 1.2924. I am expecting the Euro to strengthen

against the US Dollar causing the rate for EUR/USD to move higher. To express this

opinion with a trade I would click the buy rate and enter a long position in EUR/USD.

Selling

The EUR/USD is currently trading at 1.2924. I am expecting the Euro to weaken

against the US Dollar causing the rate for the EUR/USD to move lower. To express

this opinion with a trade I would click the sell rate and enter a short position in

EUR/USD.


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Simple Dealing Rates

Window

By changing the dealing rates window to

simple mode, traders can view additional

information such as margin requirement

(explained on page 19), rollover amounts

(explained on page 21).

To view the Simple Dealing Rates

window right click on the Dealing

Rates window, scroll down to the menu

option look and feel and select simple

rates or you can select simple rates from

the main navigation by:

Click on Trading

Choose Dealing Rates

Another Tab will open up,

click on Look and Feel

Then click on Simple Rates

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Opening a positionon dbfx

Open a position at the current

market rate:

The simplest way to place an order to be

executed at the current market rate is by

left clicking on the exchange rate within

the dealing rates window for the currency

pair you wish to buy or sell.

After left clicking on the exchange rate for

the currency pair, a market order box will

appear. In the market order box there are

5 parameters which can be set prior to

submitting the order:

Select the account you are dealing for,

this is only applicable if you are trading

in more than one account.

Select a currency pair. This will default

to the currency pair that is highlighted in

the Dealing Rates Window, or select

another currency from the drop down box

Select sell or buy

Select the amount you are buying or

selling, trades are made in increments

of 100,000 of the base currency.

100 represents 1 lot, or 100,000

units of the base currency.

200 is 2 lots, or 200,000 and so forth.

Under Order Type, Select anorder type of Market Range with

a number of pips or At Best in

the drop down box. Orders with

an order type have specific

execution logic based on the

order type chosen.

No Order Type Specified

Complete the standardinformation for the order and

make no choices under the

Order Type drop down of the

Create a Market Order box, if you do

not specify an order type the default

will be Market Range with a range of 0

(zero). This means that the order will be

executed at the specific rate specified.

Market Range Order Type

Complete the standard information for

the order in the Create a Market

Order box and in the Order Type drop

down choose Market Range. You will

need to specify an amount of allowable

slippage as defined in pips. The order

will be filled within the allowable pips.

At Best Order TypeComplete the standard information

for the order in the Create a Market

Order box, in the Order Type drop

down choose At Best. The order will

be filled with the market rate available

on dbfx at the time the order is

received by dbFX. The at best order

type does permit the user to specify

a rate or an allowable slippage.

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Spot Trading

Parameters:

Account Order Type Buy/Sell Pips if

Currency applicable to Amount that order type


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Other Ways Positions can

be opened:

Right-click on the appropriate rate

and select the Create a Market Order

command from the pop-up menu

that appears.

Click on the Buy button at the top

of the trading screen.

Click on the Trading heading located at

the top of the screen and select Dealing

Rates and then Create a Market Order.

In all cases the Create a Market Order

box opens for quick order entry.

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Placing orders on dbFX

Placing an Entry Order Away

From the Current Market Rate

In addition to allowing the placement

of orders at the current market rate, the

dbFX Platform also allows orders to be

placed at a price above or below the

current market rate. These orders are

referred to as Entry orders, and are only

executed if the market rate reaches the

rate specified in the order.

There are two types of entry orders on

the dbFX Platform, which are Stop Entry

orders and Limit Entry orders.

A Limit Entry order is an order to

buy below the current market rate,

or an order to sell above the current

market rate.

A Stop Entry order is an order to

buy above the current market rate,

or an order to sell below the current

market rate.

To place an entry order left click on

the Entry button at the top of the

trading screen.

After clicking the Entry button, the

Create an Entry Order Box will appear.

There are five parameters which can be

set prior to sending an entry order to the

trading desk.

The first four are the same ones that

appear in the Market Order Box as

outlined on page 7.

Account Currency Buy/Sell Amount

The difference is that for an entry order

you set a specific level to trigger the

execution of the trade.

Once the order is accepted, it will be

listed in the Orders window of the

platform where it will remain as a waiting

order until the market moves to the rate

specified in the order, or the order is

cancelled. Once the trade is executed, the

position will disappear from the Orders

window and reappear as an open position

in the Open Positions window.

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Examples:

If the current market price in

EUR/USD is 1.2683 and a trader

wishes to place an order to sell if the

market moves to 1.2750, he or she

would place a limit entry order.

If the current market price in

EUR/USD is 1.2683 and a trader

wishes to place an order to buy if the

market moves to 1.2750, he or she

would place a stop entry order.

Parameters:

Account Currency Buy/Sell Amount

Price


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Modify an Entry Order

Once an entry order has been placed,

the order rate can be modified by right

clicking on any part of the order in the

orders window and selecting change

order rate

After selecting change order rate as

outlined above, the change order rate

box will appear. Here the order ID and

new order rate can be specified.

Click on the Ok button after all the

modifications have been made.

Once the modification is completed,

the updated information will be reflectedin the Orders window.

It is important to note that only the

exchange rate can be changed for

an existing entry order. If you wish

to change the order size or currency

specified in an entry order, you must

cancel the existing order and enter

a new one.

Canceling an Entry Order

To cancel an existing entry order, right

click on any part of the orders window

and select remove order.

After selecting remove order as outlined

above, you will be asked to confirm that

you wish to delete the selected orders.

ClickYes to cancel the trade or No tomake no changes to the order. Once the

Yes button is clicked, the order will be

deleted from the Orders window and

officially removed.

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Adding Stops and Limits to

Open Positions

Stop and Limit Orders are orders which

are tied to an open position, or order

and set to automatically close a position

when the market reaches a specified

rate. Normally a stop order is used to

automatically close an open positionbefore additional losses are incurred

and a limit order is used to automatically

lock in trading profits.

If a position is opened by buying a

currency pair, the stop order will always

be placed below the current market price,

and a limit order will always be placed

above the current market price. If a

position is opened by selling, the stop

order will always be placed above the

current market price and the limit order

will always be placed below the current

market price.

It is important to note that if a position

is opened by buying, then your position

will be closed when the sell rate reaches

your stop or limit price. Conversely, if a

position is opened by selling, then your

position will be closed when the buy

rate reaches your stop or limit price.

To place a stop or limit on an open

position left click under the stop or limit

column in the open position window for

the position you wish to add a stop or

limit to as shown below:

After left clicking in the stop or limit

column of the open positions window

the stop/limit order box will appear. On

the stop/limit order box there are three

parameters which can be set prior to

sending an order to the trading desk.

Select the specific ticket number (as

shown in the open positions window)

of the trade where the stop or limit

will be placed. Select either a stop or limit order Select the exchange rate at which

the stop or limit should be triggered. Click on the New button after all

the selections have been made toplace the stop/limit order.

Click the advanced button to place a

trailing stop. (Trailing stops are

explained on page 14)

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Example:

A trader has a buy position in EUR/USD which was opened at 1.2754 and the

current market price is 1.2750. The trader wishes to have this position automatically

closed at a loss if the sell price reaches 1.2700 or automatically closed for a profit

if the sell price reaches 1.2800. To have this occur the trader sets a stop order on

their open position at the rate of 1.2700 and a limit order on their open position at

the rate of 1.2800.


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Note on stop loss order

executions

dbFX will fill stop loss orders in

accordance with market conventions

from the institutional market. This

means, that orders will be executed at

the market price, once the market has

hit the target price. For example,when you leave a stop loss order,

such as an order to buy currency

above the current market, the order

will be filled at the next available price

once the market hits your level.

An example of this is a stop loss to

buy EURUSD at 1.2685 when the

current market is 1.2650-53, once the

market trades through the 1.2685 yourorder will be filled at the next price. In

a smooth market the order will be

filled when the market is at 1.2682-85

at 1. 2685, if the market gaps to

1.2695-98 the order is filled at 1.2698.

Other Ways to add a Stop

or Limit Order to an Open

Position

Right-click on the appropriate stop or

limit box from the highlighted ticket

and select the Stop/Limit command

from the pop-up menu.

Click on the Trading heading located on

the top of the screen and select Open

Positions and then Stop/Limit.

Click on the Stop/Limit button at the top

of the trading screen.

In all cases the Stop Order box will openas shown on page 10.

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Modify/Delete a Stop or Limit

Order

To modify the rate for a specific stop or

limit order, simply click on the stop or

limit column (as outlined above) which

will bring up the stop/order window and

allow the rate to be changed.

If you wish to delete the order simplyclick on the delete button in the

stop/limit order window.

Adding Stops and Limits to

Entry Orders

In addition to adding stops or limits to

open positions, the DBFX platform also

allows you to add a stop or limit to an

entry order. Unlike stop and limit orders

of open positions, stop and limit orders

added to entry orders only become active

after the market price reaches the entry

order rate and your entry order becomesan open position.

Example:

Lets say the current market price in

EUR/USD is 1.2800. A trader wants

to enter a long position if the market

reaches 1.2850 so he places an Entry

Order to Buy EUR/USD at 1.2850

The trader then wishes to place astop order for this trade at1.2815

and a limit order to take your profit

if the market reaches 1.2900. To

make this happen he places a stop

order on his entry order at the rate

of 1.2815 and a limit order at 1.2900.

If the market does not reach 1.2850

then his stop and limit orders will

remain inactive. If the market reaches

his entry order price of 1.2850 then

his entry order will be executed and

move down to the Open Positions

Window and the stop order at

1.2815 and limit order at 1.2900

will become active.

To add a stop or limit to an entry order

left click on the stop or limit column of

the orders window and follow the steps

outlined on page 10.

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Trailing Stops

The trailing stop feature allows traders

to place a stop loss order which will

maintain a consistent spread between the

order rate and the current market rate.

Trailing stops can be placed by clicking

the advanced button in the Create

Market Order or Stop Order window.

After checking the Trailing Stop box in

the market order or stop order window

you will be prompted to enter an amount

for the Rate Min. Move which

determines how many pips the market

must move in favor of the position

before the stop order begins to trail.

Example:

A trader buys EUR/USD at 1.2100 and

places a 50 pip stop at 1.2050. The

trader then checks the Trailing Stop

box to activate a trailing stop and

selects 30 as the value for the Rate

Min. Move.

The market then moves up by 30 pipsto 1.2130 at which point the traders

stop moves from 1.2050 to 1.2080

where it will stay until the market

moves up by another 30 pips.

Order Execution LogicdbFX fills orders in incremental pieces

reflecting the type of order and specific

directions within the order.

Market Orders

When placing a market order, the user

will now have a choice of execution logic,

under the Order Type drop down button

you can choose from three different

order types:

1. No order type specified: Market

Range = 0

2. Market Range

3. At Best

1. No Order Type Specified


the order and make no choices under the

Order Type drop down of the Create a

Market Order box. If you do not specify

an order type the default will be Market

Range with a range of 0 (zero). This

means that the order will only be

executed at the specific rate specified.

The order will be filled in incremental

pieces until the market moves away from

the stated rate. The executed amounts

will appear in the open positions window,

any unexecuted amounts will be

cancelled. The user will see a pop up

message stating the portion of the order

that has not been executed and was

cancelled (see screen print below).

Example: An order with NO set

parameter in the Market Range

window to buy 200 lots or 20M EURUSD

at a rate of 1.3450 may be filled as two

pieces of 100 lots at the specified price

of 1. 3450.

2. Market Range Order Type


the order in the Create a Market Order

box and in the Order Type drop down

choose Market Range. You will need to

specify an amount of allowable slippage

as defined in pips. The order will be filled

within the allowable pips. The order will

be filled in incremental pieces as long as

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the market is within the specified market

range of pips. The executed amounts

will appear in the open positions window,

any unexecuted amounts will be

cancelled. The user will see a pop up

message stating the portion of the order

that has not been executed and was

cancelled (see screen print below).

Example: An order with 10 pips in the

Market Range to buy 200 lots or 20M

EURUSD at a rate of 1.3450 may be filled

with 100 lots at 1.3450 and 100 lots at

1.3452.

3. At Best Order Type


the order in the Create a Market Order

box, in the Order Type drop down

choose At Best. The order will be filled

with the market rate available on dbfx at

the time the order is received by dbFX.

The at best order type does NOT permit

the user to specify a rate or an allowable

slippage.

Example: An order with At Best in theOrder Type menu to buy 200 lots or 20M

EURUSD when the market is trading at

1.3450 may be filled with 200 lots at 1.

3448, or the best market price at that

time for that

Limit Orders

Limit orders will be filled at the rate

specified. While the order is being filled

the status of the order will be

executing and can not be modified or

cancelled. Any unfilled portions of the

order will remain in waiting status. At

that point, the user can choose to cancel

or modify the order. As the market

conditions allow the remaining portions

of the order will be executed. Execution

may be in multiple pieces and will display

in the Open Portions or Closed Positions

window as applicable.

Stop Orders

Stop orders will be continuallyincrementally executed until the entire

amount is executed. While the order is

being filled the status of the order will be

executing and can not be modified or

cancelled. The user may see different

prices for different portions of the total

amount. Executed trades will display in

the Open Portions or Closed Positions

window as applicable.

Margin Close Out

When your account has zero usable

margin, the system will generate Margin

Close Out orders, these will be

continually incrementally executed until

the entire amount is executed. The user

may see different prices for different

portions of the total amount. Executedtrades will display in the Closed Positions

window.

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Closing positions

on dbFX

Closing a position from the

Open Positions Window

To close an open position -click directly

on the Close price of the ticket you wish

to close.

This will bring up the close position box

which has two parameters you can set

prior to sending the close order to the

trading desk.

Select the ticket that you wish to close.

Select the amount you wish to close.

If you wish to close only a portion

of your position scroll downthe list and select the amount you

wish to close.

You may select the range of rates you

are willing to accept using the at market

feature. Orders will simply be executed

at the first rate the market reaches

that is within the range specified.

Otherwise leave the at market at 0and the order will be executed at the

current market price.

Before clicking Ok you can cancel the

order by clicking on the Cancel button.

Click the Ok button after all the

selections have been made to close

the position.

Once the position is closed it will

disappear from the Open Positions

window and move into the ClosedPositions window until the close of that

days trading at 16:00 London Time.

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16

Other Ways You can Close

an Open Position

Right-click on the Close box from

the highlighted ticket and select

the Close Position command

from the pop-up menu.

Click the Close button at the top of the

trading screen.

Left click the Trading option at the very

top of the screen and select Open

Positions and then Close Position.

Using the Market Range under the Order

Type drop down, you can, select the

range of rates you are willing to accept.

Orders will be executed at the first rate

the market reaches that is within the

range specified here. Most traders will

choose to leave the Market Range

feature set to 0 but there is the option to

establish a range at which you would like

the order to be executed. When an order

is placed to buy EURUSD at 1.2750 and

5 is entered in at market box the order

will be filled only between 1. 2755

and 1. 2745.

This feature is useful when you expect

market volatility to ensure the order is

filled only within the specified range.


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The Accounts Window

The accounts window of the dbFX

Platform displays all pertinent account

information and includes a real-time

margin tracking feature.

Included in the accounts window from

left to right is:

The account field displays the

account number.

The balance of your account is the

value of your account not including

profits or losses on open positions.

The equity of your account

is the floating value of your account

including any profits or losses on

open positions.

The Day P/L is the profit orloss on the account for each 24 hour

period starting at 16:00 London time.

The Used Margin is the margin

required to hold any open positions

on the account. (For more information

on margin see page 18)

The Usable Margin is the equity of

your account minus the used margin

or the amount of money in your

account above the Used Margin

required. (For more information on

margin see page 19)

The Usable Margin Percentage is

the usable margin as a percentageof equity.

The margin close-out line shows

either a Y for yes or N for no. If this

box shows Y then the account has

received a margin close-out. If this box

displays an N then the account has not

received a margin close-out. (For more

information on margin see page 18)

Multiple AccountsWindow

Traders with multiple accounts can

choose to have all accounts display in

the accounts window of the platform:

Traders wishing to place the same trade

on multiple accounts can hold the ctrl

key and left click on the accounts theywish to trade which will allow traders

to place the same trade on multiple

accounts.

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Account Information


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18

The Summary Window

The summary window of the DBFX

platform gives traders an overview of the

average entry price and profit or loss for

each currency pair traded.

Included in the Summary window from

left to right is:

The currency field displays the

currency pairs for which there are

currently open positions.

The P/L Sell displays the aggregate

profit or loss on all short positions

currently open broken down by

currency pair.

The S Amt (K) displays the aggregateamount of all short positions currently

open broken down by currency pair.

The Av Sell displays the average sell

price for all short positions currently


The Buy field displays the current

price at which short positions can be

closed broken down by currency pair.

The Sell field displays the current price

at which long positions can be closed

broken down by currency pair.

The Av Buy displays the average buy

price for all long positions currently


The B Amt (K) displays the average

amount of all long positions currently


The P/L Buy displays the aggregate

profit or loss on all long positions

currently open broken down by

currency pair.

The Amt (K) displays the aggregate

amount of all positions currently open

broken down by currency pair.

The Gross P/L displays the aggregate

profit or loss on open positions broken

down by currency pair, not including

fees such as rollover.

The Net P/L displays the aggregate

profit or loss on open positions broken

down by currency pair, including

all fees.


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19

Margin

All accounts are set to a default margin

requirement of 2%. At the 2% margin

level, the margin requirement is $2000 per

100,000 traded.

The Trading Station will calculate in real

time both the margin requirement and

the remaining usable margin in your

account. You can see them stated in the

Accounts window of the Trading Station

under the columns UsdMr (used margin),

and UsblMr (usable margin). If the

UsblMr column reaches zero, a Margin

Close-out will be triggered on the

account, and all open positions will

be liquidated.

Margin Requirements for

Different Types of Orders

Each order type has specific logic

regarding the usage of margin to open

and close positions.

Market Orders: Market orders create new

positions and you will need the full margin

requirement in your Usable Margin

Orders linked to an Open Position: Once

a position is open, an order can be linked

to that position, such as a stop or limit

order. This linked order does not require

additional new margin. As this order is

offsetting your position, it will reduce your

used margin when executed. Linked

orders must be for the full amount of theoriginal position. An order can be linked to

a position at the time the position is

opened. Additionally once the position is

opened a linked order can be added by

right clicking on the line with the position

in the Open Positions window and select

"stop/limit", complete the information and

click NEW. The line with the position in

the Open Positions window will now alsoshow the linked order.

How to Link Orders to Positions:

An order can be linked to a position

at the time the position is opened.

Additionally once the position is opened

a linked order can be added by right

clicking on the line with the position

in the Open Positions window and select

"stop/limit", complete the information and

click NEW. The line with the position inthe Open Positions window will now also

show the linked order.

Entry Orders: Entry orders can be stop

entry orders or limit entry orders. New

entry orders require new usable margin

to open the position. If you do not have

sufficient margin at the time the order is

placed, the order will not be accepted.Once the order has been accepted, if your

usable margin falls below the amount

required to execute the order, that order

will be cancelled. To create an Entry order,

click on the ENTRY button on the top of the

Trading Station and follow the directions

in the Create an Entry Order Box.

How to Create an Entry order: To create

an Entry Order click on the ENTRY button

on the top of the Trading Station and

follow the directions in the Create an

Entry Order Box.


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20

Trader As account equity is

$1,000,000. The account is set

to 1% margin or 100:1 leverage.

This means that for every lot opened,

Trader A must maintain at least

$1,000 in margin.

Assume Trader A is long 400 lots ofEUR-USD at 1.2500 with a 3-pip

spread. The used margin is as follows:

Used margin = margin requirement

per lot x number of lots

Used margin = $1000 x 400 =

$400,000

The spread cost is as follows:

Spread cost = number of lots x pip

cost per lot x number

of pips in spread

Spread cost = 400 x $10 per pip x 3

pips = $12,000

Trader A is left with equity of

$988,000 after the $12,000 spread

cost is subtracted. The traders usable

margin is as follows:

Usable margin = equity used margin

Usable margin = $988,000 - $400,000

= $588,000

At a value of $10 per 100.000, the

EUR-USD would have to fall 147 pips

before positions in the account would

be closed out. The following clarifies

how the margin close-out level is

determined:

Pips to margin close-out =

usable margin / (pip cost per lot x

number of lots)


$588,000 / ($10 per pip x 400 lots)

= 147 pips

Trader A will receive a margin close-

out, and all trades will be closed,

if the price drops 147 pips from the

entry price. Margin close-out price

= 1.2353.

Equity ($) $988,000

Margin 1%

Leverage 100:1

Minimum Margin

Requirement $1,000

# of Lots Open 400

Used Margin $400,000

Usable Margin $588,000

Example:

Account 1234 has a balance of

$25,000 and is on 2% margin

requiring $2000 for each 100,000

in open positions. Account 1234

buys 200,000 USD/JPY and sells

400,000 EUR/USD. As the account

has 600,000 in open positions this

trader is required to have at least

$12,000 in equity to margin these

positions. As this trader has

$25,000 in his account the most

this trader can loose before

triggering a margin close-out is

about $13,000.

The following examples illustrate how margin works on the dbFX Trading Station:


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Trader Bs account equity is

$1,000,000. The account is set

to 2% margin or 50:1 leverage.

This means that for each lot opened,

Trader B must maintain at least

$2,000 in margin.

Assume Trader B is long 400 lots ofEUR-USD at 1.2500 with a 3-pip

spread. The used margin is as follows:

Used margin = margin requirement

per lot x number of lots

Used margin = $2000 x 400 =

$800,000

The spread cost is as follows:

Spread cost = number of lots x pip

cost per lot x number

of pips in spread

Spread cost = 400 x $10 per pip x 3

pips = $12,000

Trader B is left with equity

of $988,000 after the $12,000 spread

cost is subtracted. The traders usable

margin is as follows:

Usable margin = equity used margin

Usable margin = $988,000 - $800,000

= $188,000

At a value of $10 per 100.000, the

EUR-USD would have to fall 47 pips

before positions in the account would

be automatically closed out. The

following clarifies how the margin

close-out level is determined:


usable margin / (pip cost per lot x

number of lots)


$188,000 / ($10 per pip x 400 lots) =

47 pips

Trader B will receive a margin close-

out, and all trades will be closed,

if the price drops 47 pips from the

entry price. Margin close-out price =

1.2453.

Equity ($) $988,000

Margin 2%

Leverage 50:1

Minimum Margin

Requirement $2,000

# of Lots Open 400

Used Margin $800,000

Usable Margin $188,000


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Conventionally, 16:00 London Time is

considered the end of the international

trading day, so when you hold open

positions through 16:00 London Time

you have technically held them overnight.

As a service to our clients, positions are

automatically rolled over every day at

16:00 London Time to prevent physical

settlement. When rolling positions

overnight, rollover is either added or

subtracted from your account.

Every currency you buy or sell has a

certain overnight interest rate associated

with it. The rollover varies based on the

interest rate differential between the two

currencies you are buying and selling,

and fluctuates day to day with themovement of prices. These rollover rates

or swap rates are determined at the

Interbank level based on money market

rates.

For instance, on any given day, the

rollover can be $2.64 per lot for GBP/USD

and $8.06 per lot for EUR/USD. Rollover

amounts are shown in the currency ofyour account and are posted in the

ROLL columns of the Simple Dealing

Rates Window every day at 12:00

London Time. For day traders that never

hold a position overnight through 16:00

London Time, rollover will not affect

trading.

At 16:00 London Time, funds are

automatically subtracted or added to

accounts with open positions because

of the automatic rollover. Funds are

added to the account for positions in

which the client is long the currency

bearing the higher interest rate. Funds

are deducted in the opposite

circumstance.

Note: For positions that are open on

Wednesday and held overnight, the

amount added or subtracted to an

account as a result of rolling over a

position tends to be around three times

the usual amount. This 3-Day rollover

accounts for settlement of trades through

the weekend period.

The DBFX Platform offers up to the

minute account statements. Account

Statements can be accessed directly for

the platform and run for time frames

ranging from the date your account was

opened through the current trading day.

To generate a report left click the

reports button located at the top right

of your screen:

After clicking on Report button,

A Report Parameters window appears

where you can choose the accounts and

the time period you wish to view.

Clicking on Run report will execute a

Report, as requested.

Rollover Reports


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Customize Your TradeStation

Each window of the DBFX Platform can

be customized to meet your personal

specifications. There are several different

kinds of modifications that can be made.

Show or Hide Windows

To show or hide any of the windows in

the platform click on the boxes located at

the top of the trading screen. To hide a

screen, you may also click on the X

box in the upper right hand corner

of the window.

Change Window Screen

To move a window, or adjust the window

sizes, click on the outer edge of the

window and drag it to the size desired.

Colors, Soundsand Fonts

To customize the colors, sounds, or fonts

on the trading screen, Click on System

at the top of the Trading Station and

select Options. An Options Box will

appear which will allow you to

disable/enable different sounds on the

Platform, customize the color settings,

and enlarge or reduce the size and style

of the labels used in the Platform.

23

Trading Station


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Colors

To change the Colors on the DBFX

Platform:

Click on System at the top of the

Trading Station

Click Options

Options Box will appear

Click on the feature you want change

Choose your color

Click OK

25


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Fonts

To change the Font on the DBFX

Platform:

Click on System at the top of the

Trading Station

Click Options

Options Box will appear

Click on the feature you wish to change

Pick the font

Click OK

26


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Charts

Traders wishing to access real-time

charts from the dbFX platform can

download the Market Scope Chart

Plug-in from the dbFX website.

Once downloaded, traders will be able

to launch real-time charts from the

dbFX Platform by clicking on the Create

Market Shot icon located in the upper

right hand corner of the Platform.

After clicking the Create Market Shot

icon a window will appear allowing

traders to select the currency pair and

time frame to display in the chart. After

clicking ok a chart will be launched as a

new window in the DBFX Platform.

Once the chart has launched traders

can add indicators and trend lines to

the chart by right clicking on the chart

and selecting the appropriate option

from the chart menu.

The time zone for these charts is New

York Local time in relation to the time

zone on the Trading Station and Reports

is London local time.

27


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Product Inquiries and Service Numbers

dbFX provides continual 24 hour support from 22:15 London time, (5:15pm NY time)

Sunday through 21:00 London time (4:00pm NY time) Friday.

Toll-Free US Sales: 1-888-363-DBFX (3239)

Sales and Client Services: 1-212-710-9000

Fax (NY Local and International): 1-212-710-9001

Fax (US Toll-Free): 1-888-368-DBFX (3239)

Fax (UK Toll-Free): 0-808-234-8021

International Toll-Free

Argentina 0-800-666-2403

Brazil Embrtl 0-800-891-6304

France 0-800-90-6498

Germany 0-800-182-3083

Japan KDD 00531-13-1178

Mexico 001-888-363-3239

Singapore 800-1301-497

Sweden 0-20-79-68-47

Switzerland 0-800-55-7045

UK 0-808-234-8020

Venezuela 0-800-162-7197

Chinese Language Customer Service

Hong Kong Phone 852-3420-9500

Hong Kong Fax 852-3420-9501

dbfx trading station user guide

Documents