WebIRESS is one of the most universally used CFD and Share trading platforms in Australia, being offered by a number of the country's major on-line brokers and leading CFD brokers. In recent times webIRESS has undergone a make-over, with the latest version webIRESS Plus recently being launched.
WebIRESS Plus provides day traders and scalpers a number of major advantages over it's predecessor, with the most noticeable being the speed of order execution, extra advanced order types and visual enhancements. The significant upgrades of webIRESS Plus make it the perfect CFD platform for day traders and scalpers seeking to make the most of quick CFD price changes during the opening and closing phases of the market and during market volatility.
WebIRESS Plus is rapidly becoming the preferred CFD trading platform in the market thanks to the significant edge traders able to gain because of the platforms dramatic speed improvement. As well as the speed enhancements in webIRESS Plus, there is now also a number of new order types including if-done orders, meaning CFD traders now have more control over their orders with the ability to set and forget them.
Despite the many advantages webIRESS Plus gives day traders and scalpers it is imperative that you note the speed advantages of
webIRESS Plus are reliant on the internet connection being used. As an active trader it’s always highly recommended to ensure that you have the quickest and most dependable internet connection possible, this may mean having an ADSL2 or cable broadband connection. Most frequent traders will always have two internet connections to ensure redundancy should one connection stop working.
Active day traders regularly utilize the webIRESS Plus trading platform alongside a sophisticated charting package or market scanning tool. One of the more popular and readily available charting software packages is MetaStock another lesser known software package is Spark. Spark is popular with more active day traders who keep an eye on several CFDs at the same time and need detailed real-time information relating to price and volume changes which when combined with chart formations allow them to spot buying and selling opportunities such as price and volume breakouts.
Of course an excellent trading platform, charting software package and internet connection alone is not going to make someone a successful trader. These are merely tools that will give you the edge over other traders in the market. The most important components of trading are information flow and discipline which when combined with a good trading plan and tools will assist you on your path to becoming a profitable trader.
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Currently webIRESS Plus is only available from one of Australia’s most highly regarded CFD providers IC Markets. It is advisable to download a webIRESS Plus demo to ensure the platform suits your needs, a webIRESS demo is available from IC Markets website free of charge.
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