Spread betting with paddypowertrader couldn't be simpler. Please note that you will need an email account as contract notes are sent via email and your statement is only available online. The following information gives you a step-by-step guide on how to make a spread bet with paddypowertrader.

Alternatively you could watch the video tutorials in The Trader Academy

Important notes:

• Please note that every bet/trade generates an automatic stop-loss, which you can amend when you make a bet or at a later date via your Order Book. These stops are not guaranteed.
• Please do not assume that we operate our business in the same way as other spread betting companies. Full details of how we conduct our business can be found in our terms & condition.
• You will find information about Spread Betting and managing your account in our Trader Academy.
• If you have a question, please check our Frequently Asked Questions section or alternatively contact our customer service by email on support@paddypowertrader.com or telephone from Ireland on 1800 556 686 and from the UK on 0800 0213 555.

Log in to your account using your chosen username or password. If you have forgotten either of these please contact us by telephone on from Ireland on 1800 556 686 and from the UK on 0800 0213 555.

If you have a Real & Demo account, the two accounts are completely independent of one another and therefore you will require different usernames and passwords for each account.

You can log in to your Real account by clicking on the ‘Log in’ button on the home page and entering your username and password details in the box in the real account log in area (see image below). To log into your Demo account please enter your username and password details in the box in the Demo account log in area.

Before you begin trading, you will need to deposit some funds into your account. You can calculate the minimum amount required by looking at our Product Information sheets which are found here.

To calculate your minimum deposit, select the product you wish to trade and then multiply your stake (i.e. how much you wish to bet per point) by the Minimum IMR detailed in the Product Information.

For example, if you wish to bet on the Daily FTSE with £1 per point, you would multiply £1 x 30 (Min IMR for Daily FTSE), your initial deposit would be £30. If you want to make a bet on a share, you can find details of the Min IMR on our website in the information button located to the right of the product.

This subject is also covered in Tutorial 2: How To Trade, which is part of a set of video tutorials in The Trader Academy.

Funds can be deposited online using a debit or credit card (2% fee for credit cards) or over the telephone. To deposit fund online, click the "Credit My Account" button and follow the instructions.  Further details about depositing funds can be found in the FAQ section. Please click here for more details.

Once you have logged into your account, you should see this screen. If you experience problems logging in, please check out our FAQ or alternatively, you can email support@paddypowertrader.com or call from Ireland on 1800 556 686 and from the UK on 0800 0213 555.

If you wish to make a bet on a Share, please click the Shares button in the navigation bar at the top of the screen.

You can select which Shares you'd like to see by clicking on the Share Lookup Table dropdown menu:

Once you have located the appropriate product/share, you can click the symbol (circled on previous screenshot) to the right of the screen to save the product to "My Portfolio". This information will be stored in the My Portfolio section of your account for the next time you wish to log in.

Once you have located the product you wish to trade, add your stake (i.e. the amount you wish to bet per point) to the stake box as shown below:

This subject is also covered in Tutorial 2: How To Trade, which is part of a set of video tutorials in The Trader Academy.

Click the Trade button and our Auto Quote trading ticket will appear:

Now all you need to do is decide if you wish buy or sell. Live prices will continue to update until you click the buy or sell button.

Click the appropriate (either buy or sell) button and once your trade has been accepted you will get on screen confirmation plus confirmation by email.

This subject is also covered in Tutorial 2: How To Trade, which is part of a set of video tutorials in The Trader Academy.

If you notice any discrepancies, please contact us immediately, preferably by telephone.

This subject is also covered in Tutorial 2: How To Trade, which is part of a set of video tutorials in The Trader Academy.

If you decide to close your bet before it expires, you can close your bet manually by clicking on the "Open positions" button to view your open bets. In this page you will see a Close button on the right hand side. If you click this button, you will only be given one option either a buy or a sell depending on your original trade. For example if you had a buy position you would need to sell to close so only the sell button will appear when you click on the close button.

Alternatively, you can close your bet by finding the original product that you traded, entering a equal stake size to your original bet and then making a trade in the opposite direction. For example if you make a £5 buy to open, you will need to make a £5 sell bet to close.

This subject is also covered in Tutorial 2: How To Trade, which is part of a set of video tutorials in The Trader Academy.

If you decide you want to lower your initial stake and partially close a bet you will need to find the original product that you traded, enter your new stake size (which will be less than your original stake) and then make a bet in the opposite direction. In the example below, you initially made a £5 buy bet to open and then you decide you want to partially close your bet to make your stake size £2. You would need to make a £3 sell bet to close this part of your bet.

Please note that all markets work on a first in, first out basis. This means that if you initially buy £1 a point in the FTSE Rolling Daily at 6000 and then subsequently by another £1 a point in the same market at 6005 (leaving you long £2 per point) the First sell you make will close out the first position opened, in this case the buy at 6000. So if you first sell was at £1 per point at 6010 then you would realise a profit of £10 on that trade. (6010 – 6000). If your second sell was at 6007 then this would close out you second buy (6005) and you would realise a profit on this trade of £2 (6007-6005).

If you now click on the Open Positions button, you will see your new trade:
Click the circled button to see full information of trades made on this product. You will find your automatically generated stop-loss in the Order Book section of your account.  This section will also hold details of Limit or New Orders.

This subject is also covered in Tutorial 2: How To Trade, which is part of a set of video tutorials in The Trader Academy.

You can find your automatically generated Stop-Loss if you click on Order Book.
You can see this Order type is a Stop-loss (see circled area).
Click the Amend button to amend your stop-loss.

This subject is also covered in Tutorial 2: How To Trade, which is part of a set of video tutorials in The Trader Academy.

As a general note, please be aware that all orders placed or executed on the paddypowertrader trading system are “our quote”.

A ‘Stop-Loss Order’ is the method used to limit the losses on an individual bet. It literally means ‘when the loss on a bet reaches the point where I no longer wish to risk any more money then close me out of my bet’ (or ‘Stop’ me out).

paddypowertrader automatically apply a stop-loss to every new bet;

You can amend your Stop-Loss and add a Limit Order right after your trade has been confirmed.

When you click on the Orders button above, you will see this new ticket:

If you do not amend your stop-loss level right after you’ve traded, your stop-loss will be based on 80% of the funds available in your account or it will be set at the Max CGSL (maximum Computer Generated Stop-loss). Details of the Max CGSL for each product can be found in our market information or if you click here.

On accessing the ‘Orders’ area on the trading screen you will be able view all the current Stop-Losses and Limit Orders that are running against your open positions.

This subject is also covered in Tutorial 2: How To Trade and Tutorial 4: Orders which are part of a set of video tutorials in The Trader Academy.

You can find details of all stop-losses, Limit Orders and New Orders if you click on the Order Book button when you are logged into your account.

This subject is also covered in Tutorial 4: Orders which is part of a set of video tutorials in The Trader Academy.

If you wish to amend the level of your orders, simply click on the ‘Amend’ button next to the relevant order and then change the price in the ‘Level’ field.

You can also add a Limit Order at this stage by clicking on the Amend button next to the Stop-Loss associated with your bet.

Stop-losses cannot be cancelled – they can only amended.

Every market has a minimum distance from the current price at which any Stop will be accepted. You may move the stop further from the current market price provided your account has sufficient funds to do so – the system will not permit you to move your stop level beyond such available margin.

When a position is closed, the stop-loss relating to that trade will be automatically cancelled and you will receive an email to confirm this.

All Stops are effectively Good Till Cancelled ‘GTC’

Please note, Stops are not guaranteed and no stop/order will be filled outside our market hours. If you are unsure of our market hours, please refer to the Product Information sheet.

This subject is also covered in Tutorial 4: Orders which is part of a set of video tutorials in The Trader Academy.

A “New Order” is an order that is not attached to any existing bet and is independent of any other instruction. A New Order is used to open a new bet at a level in the market, which has not yet been reached.

A ‘New’ order is different from a ‘Limit’ order because a ‘Limit’ order is cancelled when the relevant position to which it applies is closed.

The ‘New’ Order functionality is useful for placing orders at critical market points so that you do not have to be watching the markets every moment of every day to ensure that you do not miss an opportunity.

This subject is also covered in Tutorial 4: Orders which is part of a set of video tutorials in The Trader Academy.

To create a “New Order” go to the product of your choice and click on the ORDER button:

Once you’ve clicked on the Order button, this ticket will appear:

When you click on the “If Done” button, this ticket will appear:

Use this ticket to add a stop-loss level of your choice and a Limit Order, if you wish.

To place a New Order you must have available funds when the trade is executed. If, when the system flags your New Order, you do not have your stake multiplied by the minimum IMR (Initial Margin Requirement) your New Order will be cancelled.

This subject is also covered in Tutorial 4: Orders which is part of a set of video tutorials in The Trader Academy.

These charts are built from the quotes made by paddypowertrader on its trading platform. This in effect means that from the chart point of view any activity that occurs outside of our trading times is deemed not to have happened!

Most of the chart functionality is self explanatory and you will find that you learn most about its possibilities (and limitations) by practice.

To open a chart in the desired market you merely Left Click on the chart icon just after the order button, this will open the default chart selection in the desired market.

This default setting is currently a 10 minute chart with no technical analysis attached.

The line drawing function is simplicity itself .

To draw a new line simply Left Click on    and then Left Click on the start point of your line on the chart and then Left Click again on the end point of your desired line.

To draw a horizontal line merely Left click on  then Left click again on the chart and a horizontal line from that point will appear.

To draw a parallel line to a line already created Left Click on    then Left Click on the line you want to copy and then Left Click again at the point where you want your new line to traverse.

To move an existing line Left Click on  then Left Click on the line you want to move and then Left Click again at the point you wish to move the line to.

To delete a line or lines Left Click on  then Left click on the lines to be deleted

To create a retracement line array, Left Click on  then Left Click at the top of the range and then Left Click at the bottom of the desired range. An array of technical support levels will be created these

retracement levels are set at 100%, 61.8%, 50%, 38.2%, and 23.6% and give the exact price at which the price is reached.

Settings are your technical analysis tools.

Using these tools is again simplicity itself. Once you click on the setting button a new box appears giving you a series of indicators that can be applied to our charts.

 

By filling in the various boxes your desired analysis will immediately appear on the screen. These settings can be saved as either an individual chart save (see below) or the individual analytical tools can be saved using the paintbrush icon . Once you have created the analytical tools required you just Left Click on the paintbrush icon and then click on delete/save. A new box will appear

add the name you want to give your analysis (for example Analysis1) into the ‘Templates to be saved or deleted’ section and then click on ‘Save’.

Whenever you now call up a new chart by clicking on the paintbrush icon and then on Analysis1 these settings will be applied to the chart.

Or of course you may not wish to save anything. Just close the chart and everything is removed.

To save a chart merely Left click on the file icon in the bottom left hand corner of the chart.

paddypowertrader servers will save any single chart per market. The save button will save your chart with all its lines and analysis BUT when you click on the ‘chart icon’ again the chart will recreate using the default ‘10 minute’ setting. To get to your exact chart you must change the ‘period’ to your desired setting.

Simple moving average (MA)

The unweighted mean of the previous n data points in the time series. For example, a 10-day simple moving average closing price is the mean of the previous 10 days' closing prices. The larger the value of n, the greater the smoothing effect and the more the MA line is displaced from the original data.

Exponential moving average (EMA)

An exponentially weighted mean of previous data points. The parameter of an EWMA can be expressed as a proportional percentage. For example, a 10% EMA has each time period assigned a weight that is 90% of the weight assigned to the next more recent time period.

Bollinger Bands

The Bollinger Bands are evelopes based on a moving average and a standard deviation which makes the bands widen or narrow relative to the current market volatility.

95% of price action will take place within the Bollinger bands and thus the Bands act as strong areas of support and resistance. It is possible at times like this to successfully trade the price rising or falling from one Bollinger line to the other.

When a trend begins and the volatility of the market increases thus the spacing of the Bollinger Bands will widen, as the trend slows down the Bollinger bands will narrow.

Parabolic SAR

The Parabolic SAR is another indicator devised by J. Welles Wilder, who also created the RSI and DMI indictors. The Parabolic SAR - or 'Stop and Reversal' as it is otherwise known, is generally used for setting stops and following a trend in the market.

Wilder himself recommended establishing that a trend was in position first by use of other indicators such as the ADX indicator and then using the Parabolic SAR to trade in the direction of the trend. If the trend was up, then buy when the indicator moved below the price. If the trend was down, then sell when the indicator moved above the price.

The SAR direction is always the same during a trend and the trend stays in place while the SAR points stay above or below the price. When the price penetrates the SAR then a signal is given to exit the current trade and possibly look for a position to take up a new trade in the opposite direction.

The dotted line produced on a chart by the Parabolic SAR can be used for setting a trailing stop on a trade. At the beginning of a move there is always a greater distance between the price and the SAR giving much needed leeway, however this will narrow as the trend continues therefore giving tighter stops as the price moves in a favourable direction.

MACD

MACD measures the difference between two moving averages. A positive MACD indicates that the 12-day EMA is trading above the 26-day EMA. A negative MACD indicates that the 12-day EMA is trading below the 26-day EMA. If MACD is positive and rising, then the gap between the 12-day EMA and the 26-day EMA is widening. This indicates that the rate-of-change of the faster moving average is higher than the rate-of-change for the slower moving average. Positive momentum is increasing and this would be considered bullish. If MACD is negative and declining further, then the negative gap between the faster moving average and the slower moving average is expanding. Downward momentum is accelerating and this would be considered bearish.

There are 3 common methods to interpret the MACD:

1. Crossovers - When the MACD falls below the signal line it is a signal to sell. Vice versa when the MACD rises above the signal line.
2. Divergence - When the security diverges from the MACD it may signal the end of the current trend. For instance, price may continue to make higher highs while MACD makes lower highs. This is an example of bearish, or negative divergence and a warning that the up trend may soon be finished.
3. Overbought/Oversold - When the MACD rises dramatically (shorter moving average pulling away from longer term moving average) it is a signal the security is overbought and will soon return to normal levels.

RSI

RSI is an extremely useful, reliable indicator which is a favourite of many traders.

In general terms the RSI is an overbought/oversold indicator. In practice below 30 is considered being an oversold indication and when the RSI crosses 30 to go up, this is a buy signal. At the other end of the scale a value above 70 is considered overbought and when the RSI crosses to go below this, it gives a sell signal.

It should be noted that the RSI will form chart patterns similar to those found on the mainchart, such as a double top, head and shoulders etc which may not show up in the stock/indices price, but which will give and an indication as to pending change ahead.

The RSI will also form support and resistance levels, just like the main chart and it may also diverge from the main chart direction indicating change. For example, the stock/index may make a new high, but the RSI doesn't - that's a bearish indicator. Conversely the stock/index may make a drop to a new low but the RSI moves sideways or upwards - that's a bullish indication. In these cases the price will usually follow the direction the RSI has just shown.

Williams %R

One use of the Williams %R can be on trending days, where the indicator can be used to establish entry points into the trend.

It should be remembered that the Williams %R is just and indicator and an overbought or oversold indication on it does not necessarily mean that the price is about to turn. It is better to wait for the price to actually show a marked reversal and then using the Williams %R as a confirmation of this.

Momentum

Refers to 'momentum' as the impetus, or increased activity of an item - such as a stock or index. This can be referred to as gaining momentum or losing momentum

Volatility

For this indicator, we must choose the period (the last 10 days, for example). Then we calculate the variation of every day during this period. Then we calculate the napierian logarithm and the variation on this data. By extrapolation, we obtain the historic volatility in %.

Price Oscillator

The Price Oscillator is calculated by subtracting the short moving average by a lonf moving average. In its percentage form, the result is divided by the short moving average and multiplied by 100. The parameters are the numbers of days of both moving averages.

Standard Deviation

The units of the standard deviation are the same as the units of the original data making the standard deviation a linear value. The standard deviation is the square root of the variance. It is a measure of dispersion, and often used as a volatility indication.

All Technical Data Retrieved from http://www.trade2win.com/traderpedia

Log in to your Real paddypowertrader account as usual using your existing username and password. Details of how to do this are outlined above. Please note that Binary Betting is not available for Demo account users.

Once you have logged into your account, you should see this screen. Simply click on the Binaries button on the top navigation bar to start trading.

To make a binary bet you firstly need to select a market and duration by clicking on the Look Up Table dropdown menu.

Once you have located the appropriate product and range you can click the symbol (circled on screenshot below) to save the product to “My Portfolio”.

Once you have located the product you wish to trade, add your stake (i.e. the amount you wish to bet) to the stake box as shown below.

Click the Trade button and the Auto Quote trading ticket will appear. You will now decide whether you wish to buy or sell.

If the timer hangs for more than 25 seconds the trade will not be done. Please refresh your browser.

Once your trade has been accepted you will get on screen confirmation.

If you click on the Open positions button you will see your new trade.

You can trade “in and out” of your binary bet position at any time which means that you can take profits or limit losses by closing your position ahead of market settlement. Click on “Close” in the open positions page and then close all or part of your position by buying or selling as appropriate.