Now that you have successfully started TeleTrader WorkStation for the first time, we will take you on a little guided tour of the program. We will start with the empty screen that you see when first starting TeleTrader WorkStation, and start to fill it with different documents, organize these in so-called virtual pages, and save them in a workspace. At the end of this tour you should be able to use the most important features and tools of TeleTrader WorkStation.
If you need further information at some stage, you will find many links to in-depth explanations for every topic.
▪†††††† When you look at the main window of TeleTrader WorkStation, you can see a bar or pane on the left side of the window. This is called the Navigation pane. It consists of three tabs: QuickBar, DataBar and FastLook. If you donít see the Navigation pane, go to the View menu and click Navigation Pane.
▪†††††† For now, we are only interested in the QuickBar. This is the tab which shows a list of icons. Most icons contain a group of popular securities. (Some icons contain different things, such as the icon Virtual Pages.) The QuickBar is a good starting point for building your own workspace, because it offers fast access to important securities. Furthermore, the lists here are maintained on the server, so they are always up-to-date. If you canít see the QuickBar already, click on the tab QuickBar at the bottom of the Navigation pane.
▪†††††† We want to open a list of all stocks that are part of the Dow Jones Industrial Average index, which is an American index. Click on the icon USA in the QuickBar.
▪†††††† You now see a list of different exchanges and market segments. Click on the group NYSE, and then on Dow Jones Industrial Average. You should now see a list of all stocks that are part of this index, and an entry All Symbols. Click on this entry.
▪†††††† A price page opens which lists all securities that are part of the Dow Jones Industrial Average (DJIA). You will learn more about price pages in the next section, Price Pages and News.
Note†††††††††††† You might wonder why the entry to open all securities is called "All Symbols". This is because in TeleTrader WorkStation, all stocks, futures, options, indices and other securities are called symbols. This term is widely used throughout the program, and we too will speak of a symbol from now on every time we refer to any type of security in TeleTrader WorkStation.
▪†††††† In addition to the list of stocks that are part of the DJIA, we also want to open a chart that shows the development of this index. You can also do this from the QuickBar Ė click on the icon USA again, click on the group NYSE, but now choose Indices.
▪†††††† You now see a list of all indices on the New York Stock Exchange. Click on the entry Dow Jones Industrial Average Index.
▪†††††† A chart opens that shows the DJIA. You will learn more about charts in the section Charts and Technical Analysis.
Note†††††††††††† You can also open other kinds of documents from the QuickBar. See Opening Symbols from the QuickBar.
You now have opened two windows on the screen: The price page with the stocks that are part of the DJIA index, and the chart that shows the DJIA symbol. These windows are also called documents in TeleTrader WorkStation. Most documents are used to display quote data, like the Price Page and Chart that you have opened so far. You can also use the following documents to display quote data: Market Depth displays a summary of all orders that are currently in the market, Time and Sales is a chronological list of all orders and trades, the Options Matrix shows an overview of all Call and Put options for an underlying, and a Watch List is a special price page with basic portfolio functionality.
There are also two additional kinds of documents that do not hold quote data: The News document (you will learn more about this in the next section, Price Pages and News) and the Web Watch document, which is like a web browser window that is integrated in TeleTrader WorkStation.
Documents are in essence like windows that are displayed inside TeleTrader WorkStation. What distinguishes them from other windows, like dialogs, pop-up windows and panes, is that you can create as many documents as you like and even save them.