Buying and selling CFDs using the webIRESS trading software

webIRESS can be described as a financial information and trading platform that provides end users with dynamic, real-time market data and trading functionality for CFDs, forex and equities. webIRESS combines the sophisticated features of its big brother the IRESS information solution with the additional benefit of webIRESS trading , advanced order types and multi product portfolio administration.

Who uses webIRESS?
webIRESS is particularly common among professional traders and investors and small broking firms who:
• need a dependable low maintenance dealing in platform
• want accurate and timely market data and news
• want real time high speed execution
• want sophisticated charting and order varieties

What features does webIRESS offer?
webIRESS is based on the same technological backbone as the IRESS platform the only real difference being that other than being a downloadable application webIRESS is java based and can be accessed using an Internet browser. webIRESS can be accessed by a login portal on your brokers web site. Most stockbrokers also provide a webIRESS demonstration for potential clients to use the platform and trial it’s functionality.

The key features of the webIRESS software are:
• Browser based Contract for difference and share information
• Direct market access (DMA) and order management capabilities
• Sophisticated order varieties including stop loss and trailing stop orders
• Comprehensive news and market data, as well as thorough security information
• Sophisticated market monitoring tools including a market map
• Comprehensive market analysis and charting
• News and trade sensitive alerts
• Excel plug-in for data extraction

The quote and watchlist functionality inside webIRESS shows real-time dynamic quotes for CFDs, stocks and indices. Users can create and maintain unique custom watchlists or use existing watchlists built into the webIRESS platform software. Real time market prices can even be monitored using the quote ticker, which shows live trade prices for securities within a watchlist or for all the shares on an exchange.

What exchanges can I trade Direct Market Access (DMA) CFDs on?
webIRESS enables you to trade Direct Market Access (DMA) CFDs on 17 different stock exchanges. You can trade on real time data using the sophisticated order types available in webIRESS in combination with the orders supported by the 17 exchanges on which direct market access (DMA) CFDs are offered.

The exchanges on which you can trade Direct Market Access (DMA) CFDs are:
• ASX: Australian Stock Exchange
• NZSX: New Zealand Stock Exchange
• LSE: London Stock Exchange
• SES: Singapore Stock Exchange
• KLSE: Malaysian Stock Exchange
• TSE: Tokyo Stock Exchange
• HKSE: Hong Kong Stock Exchange
• TWSE: Taiwan Stock Exchange
• KSE: Korean Stock Exchange
• OSE: Osaka Stock Exchange
• OJ: Osaka Hercules
• NYSE: New York Stock Exchange
• NASDAQ: Nasdaq
• DAX: Deutshe Borse
• SIX: Swiss Exchange
• Borsa Italiana
• Euronext Paris

webIRESS gives you you with market depth, a list of all current bids and offers and the last 20 trades for the current day for all of the exchanges listed above. Course of sales data is available for the last 60 days and the current day.

What market news is available on the webIRESS trading platform?
Information is offered from a wide range of news distributors who provide thorough company information in addition to worldwide market wraps and economic announcements.

Information from these vendors are available to users within the webIRESS trading platform:
• ASX Signal G Company News: company announcements made to the ASX transcribed into text format
• Reuters News
• AAP News: domestic financial, economic and other news
• Dow Jones Australia/New Zealand news
• Dow Jones International news
• Ralph Wragg

What Security and Market Information can webIRESS provide?
Share details such as company financial data, dividend and capital adjustment histories and business profiles are provided within the webIRESS platform to make sure all webIRESS users have the most recent and up to date information to help in their decision making.

The Market Activity and Market Map features within webIRESS offer users with the ability to obtain a quick market and sector overview with the touch of a button. The Market Activity lists all the top movers in the whole market and the most important market segments. The Market Map is a visual depiction of the market performance of the stocks in an industry group, for the current day.

Indices and economic indicators accessible within the webIRESS buying and selling platform include:
• major international interest rates
• major global indices
• foreign exchange rates
• commodities prices

Using webIRESS to trade CFDs
Contract for difference software functionality using webIRESS is usually enabled by your broker, but only if they have got an IRESS order routing system (IOS) which is configured to permit direct market access (DMA) CFD using the.

Charts on webIRESS
webIRESS includes a variety of chart indicators and trend lines for simple analysis of price charts. webIRESS can access over 20 years of historical price data allowing you to run thorough back testing.

Can I customize my webIRESS layout?
Traders can configure the webIRESS workspace layout to suit their very own preferences. They can also create customized keys for frequently repeated tasks and save all individual settings for future use.

WebIRESS Excel Interface
The webIRESS excel interface allows the creation of live price links between webIRESS and Excel, or the direct extraction of past information into an Excel spreadsheet.

How can I start CFDs CFDs on webIRESS?
There are numerous stockbrokers that offer the webIRESS dealing in platform however before getting started using the webIRESS platform you ought to download a webIRESS demo and read my guide to CFD webIRESS trading .

Article Source: http://gamblingarticlessite.com

John Masterton is a professional CFD trader trading with Australia's largest and most popular CFD broker, IC Markets. Ben has published a number of articles on CFD trading including guides and ebooks which you can download for free.

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