Creating a Demo Account

Fig 1. Select the Demo Account Button

1. Select the button. The pop up will appear.

Fig 2. Create Demo Account Pop up

2. Fill in the desired name, starting funded amount and select the button.

3. Select if you do not want to open a demo account.

Setting Up a Real Trade Account

Once you have contacted an approved broker, there are two methods of entering the account information into the PremiereTrade®AI software. Method one is to wait for your broker to send you an email with your approved User ID and Password. Once you have those two pieces of information, in the PremiereTrade®AI go to “Trade Desk” and select the button on the upper right hand side of the screen.

Fig 3. Trade Desk

The “Trade Desk Login Screen” will be displayed.

Fig 4. Trade Desk Login Screen

Enter the Account User ID provided by the broker in the “Account” section, then enter the password provided by the broker. Once these two sections are filled in, selecting the button will save the information, and next time you want to access the account you can follow the instructions in the “Account Login” section. The second method of entering the information is to go to the File/Settings and select the Accounts tab.

Fig 5. Accounts Tab

Select the button. The screen will appear for you to enter your account number.

Fig 6. Account Number Pop-up

Once you enter the information, select .
You may then create an alias for this account by selecting the button. (Note: an alias is not required.)

Fig 7. Alias Pop-up

Once you enter the information, select .

Account Login

If the account has already been created, you can access the account to place, manage or exit a trade by selecting the button from the “Trade Desk” main screen. The account should be displayed when the “Trade Desk Login” screen appears. If you have more than one real account, select the dropdown menu and choose the correct account from the list.

Fig 8. Trade Desk Login Screen

Enter your password and select .

Fig 9.

Your trades will now be submitted to your broker and are REAL MONEY trades.

Auto Exit

To manage the automatic exit of the real trading account, go to File/Setting/Trade Desk.

Fig 10. Trade Desk Tab

SM (share maintenance level – defaults # when trade now is used) Level is for Stocks Only and does not impact the FOREX market.

Place a check mark in the “Automatically log out of Trade Desk” box, and from the dropdown menu select a time.

If you have no activity in your account in the specified time, you will automatically be disconnected and you must log back in to submit new trades or make changes in open positions.

If you exit the PremiereTrade®AI software, you will be automatically logged out of your live trade account.

If you do not select the “Do not show order status notification message,” you will receive a popup on your screen that shows you the information relative to an order when it is placed and when it is filled. Placing a check mark in the box will stop the order status information for being displayed after each order.

Changing Your Password

To change your password, go to File/Settings/Accounts and select the button.

Fig 11. Accounts Tab

Enter the OLD password and select .

Fig 12. Enter the Old Password

Enter the NEW password and select .

Fig 13. Enter the New Password

The password has now been reset to the new password you chose.

Removing an Account

To remove an account, go to File/Settings/Accounts. Highlight the account to be deleted by left clicking on it one time, then select the button. The access information has been removed from the software. This does NOT make any change to your ability to access the trade account from the broker’s Web site.

Placing a Trade

There are two ways to enter a trade from this section

1. Enter a Trade Immediately as a Market Order

To enter a trade immediately as a market order, simply click on the button and fill in the desired number of shares, select the account you want to trade (from the drop down menu) and the account type (i.e. cash or margin). Next, select for a long transaction or to sell or open a new short position.

Fig 14. Select the trade now button on the left side of the screen.

Once you have selected the button the “Trade Now” screen will appear.

The exact look of the screen varies depending on if you are trading a stock or the FOREX.

Stock Market

Fig 15. Trade Now for Stocks

In the stock market section, you make the following selections:

• Symbol
  • For the stock you want to trade
• Order Type
  • Market
  • Limit
• Expiration
  • Good for the day
  • Good until canceled
• Quantity of shares to be traded
• Market/Limit price
  • If Order Type is “Market,” this section is grayed out because the trade is placed at market price. If “Limit Order” is selected, you can input the price at which you want to trade the stock.
• Account- selects the account to be used for this trade

Once the order is ready select the or or button as appropriate.

FOREX Market

Fig 16. Trade Now for FOREX

In the FOREX section, the following are the selections:

• Account
  • From the dropdown, select the account to be used for this trade
• Currency
  • From the dropdown, select the pair you want to trade
• Quantity
  • From the dropdown, select the number of lots you want to trade 1 – 10
  • Or, type the number of lots you want to trade, up to 100
• Side
  • Buy
  • Sell
• Rate
  • The default is the current ASK price for the pair. If you want to place an entry order, you must make that selection from the Trade Desk
• Stop
  • Place a check in the box if you want to set a price for a stop loss
  • Note: The <= number indicates the closest value you can set the stop loss.  The stop loss must be equal to or further away from the entry rate than this number
• Trail
  • Place a check in the box if you want the stop order to automatically follow the pip movement. The number you put in the box is how many PIPS the pair must move in your favor before the trail activates. For example, if you set a 30 PIP trailing stop, the pair must first move 30 PIPS, THEN the stop will start to trail on a PIP for PIP basis. Remember, with a trailing stop when the pair moves in your direction the stop moves with you. However, when the rate moves against you the stop stays where it is.
• Limit
  • Place a check in the box if you want to set a limit order. In the space provided, place the PIP value you at which you want the order to be closed.
  • Note: The >= indicates the closest value to the current rate this order can be set. The limit rate must be this number or further from the entry rate.

2. Enter a Trade from the Trade Desk Screen

Enter a trade from the Trade Desk by using the interface on the screen.

A)	First, select a stock from the drop down menu by dropping down or using the arrows located on the left.
B)	Next click on the Order Type tab and choose your type of order.
C)	Select an Expiration for the order Day, GTC, etc. Now you can enter the amount of shares to be traded under Quantity. Account type must be chosen and lastly if your order type was anything other than market, then select the appropriate price to be entered.
D)	After filling all these fields out, now you are ready to click on the or button, or if you wish to clear all the fields and start over with different information hit the button and re-enter accordingly.

Fig 17. Trade Desk Overview

Order Type Field

This field must be used to select the type of order to be placed, whether using the
button or trading from the Trade Desk. You will have to click on the tab and choose from Market, Limit, Stop, or Stop Limit. Refer to section: The Market in this tutorial for definitions to each order type.

Canceling an Open Order

To cancel an order that has not been filled yet, right click on the specific order (you can see the order under your Trade Details) and select Cancel Order, , this will close the order automatically. Note: Most orders that are put in as type- Market- will be filled immediately in most cases and you will own the shares. Canceling orders pertains primarily to Limit, Stop, and Stop Limit orders.

Adding to an Open Position

To add more shares to an already existing position simply click on Open Positions button.  Right click on the desired position where you wish to add more shares. At this point a “Trade Now” box will pop up and you can fill in the necessary fields to send the order by clicking on BUY or SELL/SHORT.

Closing a Position

To immediately close an already existing position, go to Open Positions, find the position you would like to close and right click on it. You will see a “Close Position” box pop up, it is very similar to the “Trade Now” box. Simply make your selections as to order type, expiration and quantity and click Accept.

Trade Details, Open Positions and Report Buttons

Fig 18. Trade Details, Open Positions and Report Buttons

Trade Details

This button displays the trade history for the current account chosen. Included items are Symbol, Order and Fill prices, Quantity, Cost, Stop Rate, Trailing Stop value, Date and Time of execution, Status and Order ID.

Open Positions

This button gives you a real time view of your current holdings. Included information is the last trade quotation, stocks performance from the previous day’s close, volume for the day, price paid, quantity owned, real-time profit or loss, real-time market value, and in which account type it is held.

Reports

Fig 19. Report Parameters

This pop up screen will provide you with a detailed report for the specified account selected in the Report Parameters box. You can select the dates needed or run the report since the account chosen was opened.

Maximize/Minimize

Fig 20. Maximize/Minimize button

The minimize/maximize button allows you to create more reading room in the Trade Desk interface. Clicking it once will expand the screen. Re-click to go back to the quote and order entry layout screen.