Trading CFDs on the webIRESS trading software

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

Who uses webIRESS?
webIRESS is specifically widespread among professional traders and investors and small broking firms who:
• desire a reliable low maintenance webIRESS trading 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 around the same technological backbone as the IRESS platform the only real difference being that rather 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 stockbrokers web site. Most stockbrokers also offer a webIRESS demonstration for potential clients to use the platform and trial it’s functionality.

The primary features of the webIRESS software are:
• Browser based Contract for difference and equity information
• Direct market access (DMA) and order management capabilities
• Advanced order types including stop loss and trailing stop orders
• Comprehensive news and market data, as well as detailed 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 displays real-time dynamic quotes for CFDs, securities and indices. Users can create and maintain their own custom watchlists or use existing watchlists built into the webIRESS platform platform. Real time market prices can be monitored using the quote ticker, which shows live trade prices for securities inside a watchlist or for every one of the securities on an exchange.

What exchanges am i able to trade Direct Market Access (DMA) CFDs on?
webIRESS allows you to trade Direct Market Access (DMA) CFDs on 17 different equity exchanges. You'll be able to trade on real time data using the sophisticated order types available in webIRESS along with the orders supported by the 17 exchanges on which direct market access (DMA) CFDs are offered.

The exchanges on which you'll be able to 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 obtainable from a wide range of news distributors who provide comprehensive company information in addition to worldwide market wraps and economic announcements.

Information from these vendors are available to users within the webIRESS platform 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?
Stock information including 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 latest and up to date information to assist 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 summary with the touch of a button. The Market Activity lists all of the top movers in the entire market and the main market segments. The Market Map is a visual depiction of the market performance of the securities in an industry group, for the current day.

Indices and economic indicators available within the webIRESS CFDs platform include:
• major international interest rates
• major international indices
• foreign exchange rates
• commodities prices

Using webIRESS to trade CFDs
CFD platform functionality using webIRESS is usually enabled by your broker, but only if they've got an IRESS order routing system (IOS) that has been configured to allow direct market access (DMA) CFD platform.

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 own preferences. They are also able to create custom keys for frequently repeated tasks and save all individual settings for future use.

WebIRESS Excel Interface
The webIRESS excel interface makes it possible for the creation of live price links between webIRESS and Excel, or the direct extraction of historical data into an Excel spreadsheet.

How do I begin software CFDs on webIRESS?
There are many brokers that offer the webIRESS dealing in platform however before getting started on the webIRESS platform you must download a webIRESS demo and read my guide to CFD 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. John has published a number of articles on CFD trading including guides and ebooks which you can download for free.

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