In recent months the software development team has been working hard to improve the Rapid Trader online trading platform, adding even more functionality and usability enhancements. This latest release includes an upgraded menu, the addition of customisable search preferences, and, most importantly, the ability to trade Options. All of these are designed to assist you with executing your trades even more quickly and efficiently.
Navigation is available from the left hand menu. Choose from the following menu options:
Home, News, Watchlist, Options Monitor, Portfolio, Top Companies, Fundamental Data or Quick Quote.
This menu can be expanded or hidden away:
*Click << to collapse the menu or *Click >> to expand it.
When the menu is collapsed you can click on the grey bar on the left hand side of the window to temporarily display the menu. The menu will pop out so you can select what you wish to view, and it will disappear again when you move the mouse off the menu. To display the menu permanently click the >> button to expand it.
Accessible from a link in the top right hand corner, the Settings tool allows you to customise Rapid Trader to better meet your needs. You can choose from One Click or Two Click Trading for your order placement, which will determine whether you need to confirm your trade before it gets placed, or if you want your orders sent directly to the market. Now you can also specify the types of instruments that are displayed when you are searching for the share you want.
* Click the Settings link
* Click the Trading Preferences tab
* Select the style of trading you prefer
* Click OK
When you type a symbol in any of the search boxes Rapid Trader automatically provides a list of possible securities. If you only want to see shares then in the Search Preferences tab select the Equities box only. If you would like to see other choices then select the appropriate boxes, you can choose as many or as few as you wish. The more options you select the bigger the list you have to choose from when typing in a symbol.
The Options Monitor enables you to view the current prices for Exchange Traded Options and when you find the option you are looking for you can quickly execute your trade.
* If your side menu is expanded, click << to collapse the menu. This is not essential, but will give you more space to view your data.
* Enter the symbol of the underlying share, eg BHP.ASX.
* Select the expiry month.
* Select the type of option (Call, Put or both).
* Click Request to display the latest prices.
With the option prices displayed you can select the option you are interested in and click the Buy or Sell buttons located at the top right of your screen.
* Enter the price you wish to pay – note this is a limit price.
* Enter the quantity you wish to buy.
* Click the Buy button.
Your option order will be executed when your price conditions have been met.
Make sure you check out the new features available in Rapid Trader and use these to enhance your trading execution. All orders are executed through Trader Dealer where you can trade from as little as $19.50 per trade.
By Jeff Cartridge