Are you tired of using old & rusty trading platforms with limited features? On our trading terminal, you can view more than 10 different types of workspaces which are designed specifically by keeping in mind the different needs of traders and investors in the Indian stock market. These workspaces on our trading terminal were designed after taking in-depth feedback from a variety of people who practice from day trading, swing and positional trading.
A workspace is an arrangement of information widgets on a trading terminal to suit a trader’s specific needs.
10+ workspaces on Fyers One trading terminal:
To access workspaces, click on the “Workspace” icon in the main menu and get all the options. I have described each workspace in the order of their popularity and usefulness to traders. The description of each of the workspaces are given below the image. The highlighted areas signify the uniqueness of each workspace in the trading terminal.
Advanced Chart Workspace: If you mostly rely on charting to do your trading analysis, and don’t like a cluttered workspace, then this is the best workspace to choose. It is simplistic as it shows only the name of the stock, last traded price, % change, absolute change and the rest of the screen is dedicated to charting. In our experience, it keeps things simple. If you want additional information you can always get it by scrolling to the right in the watch list. Another advantage of this workspace is that you don’t have to open a different window to view the charts. You can simply toggle charts by clicking on each scrip or using the up & down arrow keys. The charts are set to 5 minute interval by default.
Advanced Multi charts – 2: The only difference between this workspace and the previous one is that here you can see two advanced charts simultaneously. Also, you need to click on the screen and use the “drag & drop” functionality to load the charts of stocks you want to view. You will have to “drag & drop” it whichever chart window you choose. Alternatively, you can also type the name of the scrip in “search” within the chart window. If you are a trader who likes to trade a couple of positions and want to keep a close watch, this one is ideal.
Advanced Multi charts – 4: This one is similar to the previous workspace except that you can load up-to 4 stock charts at the same time. The speed is incredible and the updates are real-time. You can choose different timeframes for each stock/scrip as per your custom preferences. There are two ways to load the charts in this workspace. One way to do it is by using the “drag & drop” functionality, and the second is by simply using the “search” feature. This workspace is especially useful if you trade intraday and short-term. If you need to track multiple positions without having to change screens often, then this is your best bet.
Multi Timeframe charts: The main difference between this one and the previous workspace is that this is especially useful “if you want to track multiple timeframes of the same stock.” You cannot load different stocks in the charts. In the image above, you can see the charts of the same stock in different time period ranging from 1 minute charts to monthly charts. The chart features are restricted to serve the purpose of this workspace. If you want more variety, go with the previous one. Only choose this if you are the kind of trader who wants to track the performance in multiple timeframe charts. It saves you a lot of time. The charts change really quickly when you change the stocks in the watch list.
Multi Watch lists – 2: In this workspace, you can track 2 different watch lists at the same time. Now, without getting too deep in into this, I want to mention that you can choose default watch lists of over 18 sectors and 30+ indices. Alternatively, you can also add your own custom watch lists and track them. Here, you get the functionality to track more than one watch list in the same window. It is especially useful for traders who like to look at different watch lists and not mix everything in one list.
Trader: No surprises here. This is a standard view for those who are happy and comfortable to just view the stock prices and other details like bid/ask, previous day data, volumes etc. Now this feature is the standard in all the trading platforms in India. The added difference on Fyers One is that we have colour coded the stocks to identify which ones went up and down. The colour codes help you to quickly filter stocks based on their real-time performance. As you can see in the image:
• Stocks highlighted in light red are down 0% to -2%.
• Stocks highlighted in dark red are down -2% to -4%.
• Stocks highlighted in light green are up 0% to 2%.
• Stocks highlighted in dark green are up 2% to 4%.
Standard with Scanners: This workspace has “Live Scanner & Trend Scanner” inbuilt for traders who like to use real-time stock screeners to find opportunities. You can get alerts of stocks which have breached new high/new low, gap up or down and other parameters which help identify trading opportunities very quickly. The messages are also colour coded for visual convenience.
Standard with Charts: This workspace is simple and effective. You can see a box on the right which shows you the real-time support and resistances. Below you can view the standard chart and then for those who rely on world markets action, this workspace makes most sense. Here, you can get the performance of all the world’s major equity indices, commodities and American Depository Receipts (ADRs). Here, you can also get Commodity forecast and Economic Calendar of the world markets.
Standard with Trades: This workspace is similar to the previous one except that you have Time & Sales data instead of world markets, commodities, economic calendars etc. This is useful because a trader can view the deals that are happening in the stock on a real-time basis. For all those traders who love to track the price action of stocks, this is it.
Smart: This workspace gives you the most needed tools for jobbing. Support and resistance levels, Snap quote of the best 5 bid/offers and Time & Sales data of the stock. If you’re a jobber or intraday trader who prefers to look at numbers and trade instead of charts, then this workspace is tailor made for you and will certainly be useful.
Market Overview: As the name goes, this watch list gives you an overview of the entire stock market price action from a top down perspective. It is a very unique kind of workspace which provides a lot of information in one single screen. I’ll explain this in points:
• Indices View (First Box) – Shows the price performance of all major stock indices.
• Support and resistances (Second Box) – This is shown real-time and can be easily tracked.
• Indices Map (Last Box) – Shows top-down info. like advance/decline ratios, turnover etc.
These features will help you trade like a pro as these insights are used by large prop firms, hedge funds and institutions. Get an eagle’s perspective of what’s happening on the ground. If you track money flows, FII data often, then you will find this one very useful.
Opportunity Finder: It allows you to find opportunities in the stock markets using basic parameters like PE Ratio and returns. You have the flexibility to choose stocks from all the major indices in the Indian stock markets. The number of filters have been kept to a bare minimum as of now.
Home Page: Finally, this one is sort of like a snap shot of all the market action. However, may not be the most ideal for a full time trading screen, it gives you an overview of the stock market action.
I have covered all the information required about our workspaces. If you have any questions do feel free to ask in the comments section below. Would love to get your feedbacks.
Tejas is the Co-Founder & CEO @ www.fyers.in, the youngest team to get NSE’s broker license. FYERS was started as a mission to enhance the terrain for traders and investors in India. He previously worked at Zerodha, Futures First & has been a professional trader for several years.