Before you begin using your
BEST Test online simulated trading program, it's wise to get some simple
instructions on how to use it properly. We at PFGBEST.com believe that the more
you know, the better trader you'll be. And, the better trader you are,
it follows that the more profitable your trading experience will be.
For this reason we have put together the following tips on using BEST
Test. If you are unfamiliar with any terms, there is a glossary available
on this site for your convenience.
You have a unique and confidential User Name and Password. After you
have used these to log on, click on the red Not
Connected button. The status will turn green
and you are now ready to trade.
Order Entry: If you want to SELL
1. Select "Sell" on the left side of your trade ticket
2. In the Market Selection Box (the
middle of your trading screen)
3. Select the "Qty" (quantity)
4. Select the "Year" (system defaults to 01)
5. Select the "Month"
6. Select the contract
7. Select the type of order (i.e., market, limit, etc.)
8. Click on "Demo"
9. A confirmation window will appear to allow you to verify your order. If the order is correct, click on "Yes"
Order Entry: If you want to BUY
Select "Buy" on the left side of your trading ticket and follow the
same procedure as stated above.
Fill Confirmation: When your order is filled, a Filled Order
window appears, indicating the quantity, commodity and fill price.
Order Management: Your Order Management section on the
bottom of the trading ticket indicates what has happened to your orders
throughout the day. So, at a glance you will be able to see whether
your trade is working, filled, cancelled or rejected. They are all color
coded for easy viewing.
Position Reference: At the top of your trade ticket you will
find the Position Reference box that updates automatically. This
allows you to continually monitor your open position in real-time.
Using the Price Ladder: The Price Ladder allows you to fill
out an order ticket for a Stop or Limit order with one click. For example,
to place a 5-point Stop above the market, select the price on
the Price Ladder and right click the mouse. You will be given
the option of entering a Sell Limit or a Buy Stop. Left click the mouse
to highlight your choice and your order ticket is generated. Click Submit
and confirm that your order is correct. To place a Buy Limit below
the market, select your price, right click, select Buy Limit, submit
the order, and confirm that it's correct.
Order Status: You can always check the status of your order in
the Order Management section. Remember, green
background for working, red background
for cancelled, and regular white background for filled.
To Cancel or Cancel/Replace an Order: Using your Order Status
window:
Select the order you want to change
Right click on that order
Select "Cancel Trade" or "Cancel/Replace Trade"
Once your order has been canceled, the status will turn red.
We encourage you to work with the broker assigned to assist you. He
or she is there to help you understand the system and, hopefully, you
will enjoy your trading experience.
Good Trading!