Reymount online guide has been created to help the existing as well as new online traders in solving online trading obstacles. Reading this guide, the users can have solutions for any online trade related bottlenecks. This guide addresses problems from stage of downloading a demo set-up, opening a trading account, till closing a trading session. A careful approach and close monitoring in downloading and persuasion of these instructions is appreciated.
Entry into www.reymount.com provides information on modern online trading platform and a click on Help Manual takes the users to the following instructions which can be considered for assistance while trading online.
1) How to register for online demo trading?
Click the 30day trial button in the home page of www.reymount.com. and fill up the form subsequently available to get User Name and Password in your e-mail.
2) What can be done using the user ID and password?
Using the User ID and Password client can do trading on the Forex/Futures/Stock Market and also use the password to login on the website.
3) How to download the SET UP for Reymount Demo trading?
The software can be downloaded by logging in to LOGIN LIVE or LOGIN DEMO section on the website.
4) What are the system requirements to Install reymount?
Recommended system requirements:
a) Processsor: Dual-Core. Intel® Core™2 Duo (2.33 Ghz or better)
b) Monitor resolution set at 1280 x 1024
c) Operating System: Windows 7 SP1
d) RAM: 1.5 GB (2 GB for Windows 8 or later)
e) Internet Explorer v6.0
f) An Internet connection of 512Kbps or faster
Minimum System requirements
a) Processor: Pentium 4, 2.5GHz or faster
b) Monitor resolution set at 1024 x 768
c) Operating System: Windows Vista SP1 or later
d) RAM: 1 GB (1.5 GB for Windows 8 or later)
e) Internet Explorer 5.x or higher
f) An Internet connection of 256Kbps or faster
5) How do I install the demo software?
First Time Installation Instructions
To install Reymount's trading system on your computer, please follow the step-by-step instructions as listed below.
Download the Setup file from the web link provided to you through email ( upon registration) or from our website.
Double click on the setup file from its downloaded location. Proceed by clicking the 'OK' button till the installation has been completed.
Once you have successfully installed the NetTrader and its Uninstall file will be available in the START > PROGRAMS menu.
6) Can reymout demo be accessed after downloading the setup?
Yes. Once the set up requirements and system specifications matched and the set up process is completed the reymount icon can be clicked for a demo trading. Continuing the click, a new trading window will open.
7) What is new trading window?
This window is the main and important trading page for entire online demo trading. This page consist of three sections such as Price grid, Price Position grid, and Statement page.
8) What is price grid?
Price grid is the section which is in a tabular form listing items in the first column and other trade happenings such as Last, High, Low, Open, Close, and Change in the subsequent columns.
Symbol: Under this column, you would find the list of Tradable items say 40 in number.
Last price: The most recent price lastly traded.
High: The highest traded price in the market
Low: The lowest traded price in the market.
Time: (GMT) traded time.
Bid: The price in which you sell.
Ask: The price in which you buy.
By double clicking on the BID / ASK column against a respective item (say AUD), you will get the current market price of the item AUD. This rate will be displayed in the Market-Orders Window.
9). What is Market-Orders?
The Market Order allows to place BUY or SELL order for currently tradable items. To select the price, go to the price grid window and double click on the BID or ASK column against a currency that is to be traded. Example: Bid AUD 0.6710
10) What can I do in Market Orders Selection?
In Market-Orders, a click on the BID/ASK price of an item in the price grid, would display BID/ASK price highlighted in BUY/SELL button in the Market-Orders section. These buttons (BUY and SELL) confirm the prices of the item, be it SELL or BUY, whichever is selected for trading from the price grid. "Qty" means the number of lot(s) that you wish to trade. 100000 AUD/$ means the face value or contract size for the item AUD. This face value differs from item to item.
11) What is Market-Orders Positioning?
This shows that your above price selection is waiting for confirmation.
12) Can I cancel the Market Order?
No, market orders will be cancelled only by the system if the requested price is not currently available in the market.
13) When Market-Orders is Confirmed?
The Market-Orders will be confirmed after when the price you clicked BUY / SELL available the market.
14) What is Offset Order - Alert?
The Offset Order Alert is the section that appears if only you have an opposite position that already exists in your open orders. To understand this point better, look at the following example. You take a position, as Sell AUD, and if you get the Market Order Confirmed window, it means that you already have a BUY AUD and reminds you if you need to OFFSET the position that you have, prior to this position, taken in your trading.
15) What is Offset Window?
The top of the Offset section shows the order, which you have currently placed. To offset a position, you have to have two opposite positions. I.e., a BUY and a SELL. We are discussing about OFFSET in detail in the particular and later part of this guide.
16) What is Contingent Order?
The Contingent-Orders section allows you to place LIMIT / STOP order which would be executed by the market when the requested price is reached.
Type: LIMIT / STOP.
LIMIT: Limit is selected to book a PROFIT where you expect the price to go up.
STOP: Stop can be selected to cut the LOSS where you expect the price to come down.
17). What is Contingent Order Type selection?
The Contingent-Order Type selection allows you to select the tradable lots for the STOP /LIMIT positions. GTF (Good Till Friday) option allows the orders to be valid till Friday market closing, until cancelled or executed.
After choosing the type either STOP or LIMIT in the Contingent Order window, you can leisurely and safely wait till the particular price (you have preferred) level is reached. This is something like a safety guard against any market eventuality and reduces your risk in both (profit or loss) ways.
18) What is Contingent Order - Continue?
The Contingent Order Continue window waits for your confirmation to execute the position (LIMIT / STOP) that you have preferred. This confirms the order with your acceptance and market availability as follows.
19) What is Contingent Order Waiting?
Based on the type of position LIMIT / STOP that you have taken, the Contingent Order Waiting window waits for the confirmation exhibiting the particular position (LIMIT / STOP) order.
20) What is Contingent Order Confirmation?
The Contingent order confirmation section totally assures the confirmation of LIMIT / STOP point of your Market-Orders (BUY / SELL) which will automatically be executed once the said LIMIT / STOP position is reached.
21) What is Contingent Order-Price selection?
The alert window appears if either BUY / SELL button is clicked without any price selection to LIMIT / STOP. It means you have to select either LIMIT or STOP position in this section. Else you would get the alert message.
22) What is Contingent Order / GTF?
GTF means Good Till Friday. When you opt for GTF choice this section will appear. GTF orders as explained earlier, is valid till Friday market closing, until the orders are cancelled or executed. After Friday market close, your positions will be treated afresh. Click OK button on the window to proceed further.
23) What is Get Quote?
Get quote will provide you the dealer-quoted price for the selected item and it should be used only when the market price for that item is not available.
24) What is Get Quote-Item List?
To get the market price of the items, the Get Quotes window allows you to select the market price of the items with its quantity listed in the drop-down menu. Click the Get Quote button to proceed further.
25) What is Get Quote Confirmation - Waiting?
The Get quote confirmation waiting window will be displayed after you have selected an item with quantity for a quote which has to be confirmed.
26) What is Get Quote - Price Confirmed?
This confirms your quote(s) for the item that you have selected for and click either "BUY" or "SELL" to confirm your interest in the prices. After this, you get the Get Quote Market Order section.
27) What is Get Quote - Market Order?
The prices provided by dealers are valid for the period for 20 seconds, after which, it becomes INVALID.
28) What is Get Quote - Confirmation?
The Get Quote confirmation window shows the confirmation of the price, which you have clicked in the Get quote confirmation waiting section.This keeps you in a new trading position.
Account - Summary:
Account No: Assigned to you by REYMOUNT.
Account Name: Account name would be what you have registered in the form.
Balance: Current balance shows the available balance in your account.
Floating: Profit or loss of your open orders subject to market prices.
Equity: Balance of your account if you offset all your open position at this moment.
Storage: Charges incurred by, the open positions which are kept open for more than 48 hours.
Margin Required: It is the minimal margin required to hold your open position in the market.
Free Margin: The amount available for you to take more position.
29) What is Account Profile?
Account Profile window stores your personal informations like name, address, contact numbers, mail address, etc.
30). What is Account Open?
Account open window shows the list of open orders that are currently in trading position taken by you will be shown in this window.
31). What is Account Offset?
To offset a transaction, click the number under the column Tkt No. Transaction implies two opposite positions, Offset is closing a BUY order against a SELL order. If you do not have an OFFSET position, you get the Offset No Position section. If you have an offset position, you get the Offset section.
32) What is Offset - No Position?
When you click an item in the list of Offset Position window, where you do not have an OFFSET position this window will be displayed. It means that you have to have both BUY and SELL positions on the same item to OFFSET the desired position.
33). What is Offset Window?
The Offset window allows you to select the number of transactions you want to OFFSET, Inorder to offset, go to "Select" column and select a number you want to OFFSET from the drop-down menu.
34) What is Offset - Selection?
Offset selection is the number of lot(s) OFFSETTABLE from "Select" column and press "OFFSET" button.
35) What is Offset Selection - Confirmation?
This confirms your OFFSET position chosen from "Select" column in the Offset Selection window. Now click "Yes" to Continue OFFSETTING.
36) What is Offset - Final Confirmation?
This confirms that your position is in OFFSET and moved to "Settled" orders. Offset - Alert: If you directly click the OFFSET button, without selecting the quantity of lot(s), you would get the an alert. Therefore, you must select a number on the select column to proceed with offsetting.
37) What is Offset-Alert?
This Offset alert confirms your "YES" or "NO" to cancel offset position.
38) What is Account - Settled?
Account settled section shows the number of transactions, which you have settled so far.
39) What is Accounts -Contingent?
Account contingent section shows the number of contingent orders you have taken and which is waiting for confirmation.
40) What is Statement?
This statement comprises of five sections such as summary, financial summary, portfolio holdings, transaction details, and pending orders.
Statement - Summary:
Total Value: Equity plus security or bond.
Net Profit or loss: Actual incurred during the day.
Net equity: Equity for the day.
Available cash: Account balance.
Security / bond: The bond or security value.
Last statement value: Account balance in last statement.
In the bottom strip of the statement, you will find, Drop-down menu showing date, month, and year of transactions.
Click the button "Press" to view the statement and again click the button "Print" for printing the statement and click "Cancel", to cancel the action of the window.
41) What is Statement - Financial Summary?
Opening Balance: Balance at the start of the trading day.
Amount credited: New deposit amount.
Interest charges: Interest incurred from security or bond.
Miscellaneous: Amount credited or debited through bank charges and adjustments.
Closing balance: The balance at the end of the day.
Interest received: The storage interest received from open orders.
Profit or loss: The profit or loss incurred during today's transaction.
Margin interest paid: Storage paid for the open orders
Commission: The commission deducted for completed transactions.
Total: Total of interest received, p/l, Margin, Interest paid and commission.
Margin: Margin amount required holding all Open positions.
Net cash balance: The current equity value of the account.
Available Cash: The balance in your account.
Portfolio composition: The profit or loss you made on each instrument under all open portfolio.
42) What is Statement - Portfolio Holding?
The Statement portfolio holding section shows the open positions that are under your trading portfolio.
43) What is Statement - Transaction details?
The Statement - Transaction section gives a detailed account of all your current day transaction on instruments under your portfolio.
44) What is Statement - Pending orders?
This section gives a detailed report of all the pending contingent orders under your portfolio.
45) What is Deposit - Summary?
The summary of all deposits and withdrawals carried out in your trading account is avaialble here.
46) What is Deposit - Deposit?
Deposit section shows your bank transaction and financial transfers related to trading account details such as the name of bank, amount, and date.
47) What is Financial Statement?
The Financial statement gives a detail report of your financial statu till date.
48) What is Request Confirmation?
Request confirmation is a provision which confirms your request for any transactions. .
49) What is Wrong Entry Alert?
Wrong entry alert appears, if you do not enter proper information in the deposit request window. To avoid this, you must fill valid information in this page.
50) What is Deposit - Withdrawal?
To withdraw money from your account, use the Deposit - Withdrawal section,and type the amount in the box "Amount To Withdraw" and the amount should be less than or equal to the free margin. Then press "Send Request".
51) What is Withdrawal Wrong Entry Alert?
This message will be displayed whenever the withdrawal amount which is more than the Free-Margin. To avoid this, always enter the amount which is less than or equal to the Free Margin.
52) What is Withdrawal Request Alert?
This alert reminds to enter valid number as well as eligible balance to withdraw from trading account.
53) What is Order Details - Market order?
The market order section gives information on Order No, Date of Trading, Validation date, Symbols of the items, Price and commissions paid.
54) What is Order Details - Confirmed Contingent Orders?
This shows that Confirmed Contingent Orders taken for position are available in this section.
55) What is Order Details - Cancelled Orders?
A list of entire Cancelled Contingent and Market orders are displayed in this section.
56) What is News & Charts?
The News & Charts section gives you access to Online news and charts about the market. This section gives live news and charts.
57) What is News window?
Latest informations about the Forex market at any time is provided in this section. News links to other sites are also available. By clicking these links you can get the latest and updated news around-the-clock.
58) What is Chart?
Charts are nothing but the movement of currencies in the forex market over a period. With the help of Technical Charts the market movement can be measured and based on these analyses, trading positions are considered.
59) What is Mail Compose?
The mail compose option allows to send mails.The mail button functions like a typical internet mail account. "Subject" can be a word that precisely conveys an idea of your communication. In "To" column, choose one of the people from the drop-down menu.Type the message that you want to send, in the center space and click the "Send" button to pass the message.
60) What is Mail - Inbox?
Inbox shows the mails received.
61) What is Mail - Received?
This option shows information like who sent it, date, subject and time. Click "Reply" to answer the mail. Click "Delete", if you want to delete the mail and press "Close", to close the mail box.
62) What is Mail Sent items?
A list of mails, which is sent by you.
63) What is Mail - Draft?
This shows the mail(s) drafted and they can be sent later if need be.
64) What is Mail Sent Items / Draft Items Detail?
Be it sent or draft items, click the name under "To", to get the Mail Draft page with full details such as From, To, Date, etc.
65) What is Mail Notice?
A list of mails about your account status posted by t Inbox shows the mails received. he company or dealing division of the company.
66) What is Mail Alerts?
It shows the messages sent to you by the dealing department regarding market or system changes.
67) What is Symbols?
Different symbols are assigned to different currencies. For (e.g) AUD-for Australian Dollar, CHF- for Swiss Francs. The symbols section gives a list of all tradable items, list of preferred tradable items and Search engine are available to provide full information about the item (face value, margin required, interest charges on buy or sell, and currently traded price) etc..
68) What is Chat?
Chat option is available to the clients to interact with dealers, managers, accounts executive, support staff in case of eventuality. In demo you can initiate chat function by clicking one of those buttons and press "Enter to Chat" or "Chat with Broker". You get the status of those whom you clicked whether they are online or not.
69) What is Chat Alert?
When you enter into chat and if you do not find a counterpart: (i.e) dealer, managers, or brokers online a chat alert is popped up.
70) What is AE(Accounts Executive) profile?
AE - Account Executive is a person who meets, presents, maintains, and supports clients in trading. AE's details like name, ID, Residential Address, and other personal information is maintained by the management.
71) What are the AE -Rights?
The AE rights can be limited or changed to one of the following
1.To operate client accounts.
2.To view client accounts, and
3.To block client accounts.
By clients and changes will be confirmed by the dealing department.
72) What does AE-History mean?
The list of all the right changes initiated by the client since opening the account.
73) What is Settings?
Settings option allows you to edit your personal information. You can change your Reymount login password, personal password, idle time settings, and equity stop-loss point.
74) What is Settings Change?
Whenever you change the equity stop/loss value this section appears. This is just a confirmation window.
75) What is Equity set up error message?
New equity stop loss should not be less than the current equity.
76) What is a Closing Alert?
Whenever the trading window is closed, this alert appears to confirm your selection. When clicked "Yes" the Reymount main window will be closed.
77) What is a Data - Resetting?
This shows resetting of the market for the next trading day. During this operation, client statements, storage charges, market closing prices are set and taken back up for next trading session.