HOW TO USE GILL BROKING TRADING SOFTWARE COMPLETE GUIDE

Know how to use gill broking trading software complete guide. You can learn here everything about software like sign in, order buy, order sell, payin, payout, charts and all required things of commodity trading.

1) Introduction

Welcome to Gill Broking – Gill Broking Trading Terminal, which is designed to provide you with complete control to trade online in commodities.

2) Installation

Installation of Gill Broking is a breeze. You can download the Setup files from Gill Broking website (Download Page Section).

3) Using Gill Broking

 Signing in

To sign-in to Gill Broking Trading application

Note I) Login Passwords expire every 14 days, after which you will have to change to a new pastime you may want to change your password before they expire, to a more secure one.

ii) Transaction Passwords, on the other hand, do not expire.

 

Unlocking a Locked Terminal to unlock your Terminal you need to enter your login password in the Unlock Terminal form.

Trading 

 

Market Watch Market Watch window is the primary window from which you can perform all your Trading activities. To add a new Market Watch window you can Press F4 or accesses the Market Watch sub the Markets main menu.

You can Buy or Sell (place orders) by selecting a row in the Market Watch window and pressing ‘F1’ or ‘+’ to Buy and ‘F2’ or ‘-’ to Sell.

Saving and Retrieving Portfolio Lists

As stated earlier you can save the contracts that you have currently selected to Portfolio to a

‘Portfolio’ or load a previously saved ‘Market watch’ or previously saved ‘Portfolio’ or pre-defined Portfolio. (if Available)

A portfolio is a group of contracts that can be quickly loaded to the Market Watch window. To save to a Portfolio, press ‘Ctrl+S’ in the Market Watch window or right-click and select the ‘Save Portfolio option.

Customizing Grid Appearance You can customize the colours and appearance of the Grid. Right-click on the grid and access the ‘Grid Settings’ option. This will invoke the window you have shown.

You can set the Back Color, Font Color and Font properties of Header (Title Row) and Content Rows.

-Specify whether you want the grid lines (Show Column Lines/ Show Row Lines) to be displayed or not and also the colour in and thickness at which it will be displayed.

– Specify the colour of Uptick and Downtick.

-Specify whether Resizing is allowed for both Rows and Columns (‘Both, Option), or only Rows or only Columns or None. Once you click on Apply the changes are applied  TO Market Watch. If you click ‘OK’ the changes are applied and the Settings form is closed. ‘Cancel’ will close the form and ignore any changes made.

Contract Description

This screen provides the user ease of viewing the product description varying from the market lot, tick size, tender date, delivery date, price multiplier etc.

Order Confirmations & Order Book

Order Confirmation Once an Order has been sent to the Exchange, order. This message will be processed by Server and sent back to the client. Exchange acceptance or rejection message will be displayed in the Messages window as shown video.

Order Book

Order Book contains all orders placed for a given client. This window can be invoked by accessing the Order Book option from ‘Books’ menu. Or the short cut key F3. Orders placed on the exchange are shown in the same book (grid).

Cancelling an Order

To cancel a pending or partly executed order, you have to similarly select the Order from the Order Book and click on the Cancel button. This will ask for a confirmation and after confirmation, the Order will be sent to Exchange.

Trade Confirmations, Trade Book & Net Position Report

Trade Confirmation

Orders that get executed are notified by the Exchange as a Trade Confirmation Message. These messages are sent to the Client Terminal. When these messages are received they are displayed in the Messages window. They are also updated to the Trade Book & Net Position Report.

Trade Book

Trade Book contains a list of all the Trades. One order can get executed in several small trades. Trade Booklists each and every one of these trades.

Net Position Report

Net Position Report shows the net bought/ sold a position in a contract. As soon as Trade Confirmation is received Net Position report is updated with the recent position. Also, the current rate is updated in the report and Marked-to Market profit/loss is computed and shown.

Books At-a-Glance

This option provides Net Position, Trade Book and Order Book on the same screen

Market Depth Market Depth window can be accessed from the Market Depth option of Markets menu. The shortcut key associated with Market Depth can be configured to any one of the following F6, F12, single click or double click. The settings can be done from the window.

Market Alert

Alerts help you take advantage of the knowledge of ‘Action’ happening in any given contract. Will give you a pop-up message, alerting you to initiate a buy/sell or square off.

Market Activity Report

 

Margin Statement

 

Charts

 

Charts can be accessed from the Charts option of Markets menu. Similar to Market Depth the shortcut key associated with Charts can be configured to any one of the following single click or double click. The settings can be done from the ‘Other’ tab in the Preferences window. Chart form is discussed is video.

Indices

You can control the font, text colour, back colour, and colour for display UpTick and DownTick for the indices shown on the indices bar.

Links

 

There’s no need to go to the browser to access exchange website links. A user just needs to click on the relevant option and it will take him/her to that link.

Confirmation Messages

 

Whenever an order is placed or cancelled, trade confirmation or any relevant messages related to order and trade will come in this window. In Gill Broking, we have provided a separate tab for Exchange Messages, Order & Trade-related confirmation messages, system messages and Disclaimer message.

Ticker

 

It is a scrolling display on trading floors. The commodity ticker shows the last trade price list of all those contracts which are selected in your market. It is updated continually throughout the trading day.

Fund Transfer

 

Payout

 

How To Use Gill Broking Trading Software Complete Guide in Video

✅✅✅

https://www.youtube.com/watch?v=SctwgnzuSoI

In this video, you can also learn how to do Payin & Payouts via Gill Broking software.

Download Gill Broking Trading Software here:  https://www.gillbroking.com/downloads

 

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It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

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