What's Next? Fyers Next! Our New, Robust, and Fast Trading Terminal.

Rajesh has always had a strong inclination toward stock markets. He has been a perpetual trader for a long time and knows much about trading from a nascent stage of his life. He had mastered the art of intraday trading and placed orders seamlessly through desktop trading platforms.

Now, you might be wondering why he was fond of desktop trading platforms?

Well, Rajesh started trading 10 years ago in 2013. He is accustomed to using EXE terminals that are well-known for their fast order placement functionality and hotkeys (F1 to Buy, F2 to Sell, F3 to check order status, F11 for positions, etc.). Although he is aware that web and mobile platforms offer trading, he prefers using the EXE terminal because he believes these features add value to jobbing and intraday scalping for his discretionary trading style.

He has been using NEST trader, a well-known platform that is used widely by brokers across the board. However, he expects more in terms of latency and other value-added services which may or may not be available with other brokers.

Much to the delight of Rajesh and many others like him, we've launched FYERS Next, a powerful and efficient desktop trading platform. NEXT helps traders invest in equity, futures, options, commodities, and currency across India's major exchanges (NSE, BSE, MCX). Moreover, the platform has a wide range of features that is best suitable to customize the trading experience.

So, now Rajesh and traders like him can take advantage of a robust and stable trading platform and execute trades quickly.

What are the different features that can help you trade seamlessly?

• Multiple Watchlist

With the platform, you can track the trends across multiple exchanges (NSE, BSE, NFO, MCX, CDX). Bid Price, Ask Price, LTP (Last traded value), % change, and other details are readily available over the platform. Moreover, you can easily customize watchlist with columns for scrips across all the exchanges and symbols.

Access to vital information at the eyeshot will help you make well-informed trading decisions and trade effectively and efficiently.

• Pre-Defined Watchlist

You can find a pre-defined watchlist under the tab 'Groups'. There are varied pre-defined watchlists categorized under NIFTY 100, NIFTY50, NIFTYAUTO, NIFTY ENERGY, NIFTYFINANCE, and more. The pre-defined watchlists are created on the basis of some specific criteria that align with the trader's interest and strategy and saves a lot of time and effort in the research process.  

• Real-time Widget

The platform has real-time widgets that generate price alerts, script alert, triggers, quotes, etc. This feature will help you stay ahead of the curve and stay in control of your trades.

• Shortcut manager

The platform provides an opportunity to use shortcut keys, thereby making the platform efficient, effective, and easy to use. For instance, for placing a basket order(CTRL+B), Market Depth(SHIFT+V), and Report Generator (CTRL+SHIFT+R). You can access varied Shortcut keys by clicking the 'HELP' tab. For more details, click here.

• Options Calculator

FYERS Next also has an exciting feature of an options calculator, which enables you to compute Options Greeks like Theta, Gamma, Delta, Vega, and Rho. The platform helps compute the options' theoretical price and implied volatility. This feature is increasingly useful to traders as it helps to get a deeper and more insightful view to create option strategies.

For example, if you decide to trade in options and place an order in NIFTY at a particular strike price. You can easily draw an understanding about the Option Greeks and plan your strategy. Have a look at FYERS Next Options Calculator.`0

As a trader, you can take the positions by seeing the Options Greeks value in the calculator. For instance, a trader can take the position on the basis of delta value, representing the probability of the strike price becoming ITM (In the money).

• 360-Degree Analysis.

FYERS Next provides a 360-degree analysis of stocks using a snap quote, market depth, etc. This feature helps you get a comprehensive view of the market and aid in making informed trading decisions.

• Faster Order Placement.

As a trader, you can swiftly place orders in desired stocks and save time and effort using the FYERS Next platform. The speed and efficiency of the platform empower you to place orders in real-time and capitalize on market opportunities as and when they arise.

• Basket Order Placement

With the basket order feature incorporated in FYERS Next, you can easily place multiple orders for different securities in just one click. Basket Order placement predominantly saves time by eliminating the need to place separate orders for each Security.

• Link to Excel.

This is an interesting feature to help traders that allows to convert a large amount of trading data into the excel format in real time. You can immediately analyze the data using various tools, understand market trends and patterns, and make an informed decision.

• Heat Map

Heat Map displays the performance of your watchlist or other predefined watchlists in a card view, with different colors (Green or Red) and percentage changes in value arranged in an ascending or descending order or in a grid view showing green/red arrows for the increase/decrease in the value. It will help you know immediately which stocks are performing well or underperforming, and you can make the changes accordingly.

• Stock Filtration

A series of stocks sometimes make it difficult to pay attention to stocks that are relevant. So this is the feature wherein you can easily filter out the stocks based on the specified criteria. Like for instance, you can choose equal to, greater than, less than, begins with, ends with, or more options to filter the stocks. You can see the screenshot of the same below.

How can you access the FYERS Next platform?

Before trading through the Desktop Trading Platform, you must open the FYERS Demat account. Post account opening, follow these steps to install the FYERS Next trading platform successfully. 

What makes FYERS Next better than other desktop trading platforms like Nest Trader?

Here’s a comparative analysis of FYERS Next with Nest Trader.

What are the differences between a web-based and desktop trading platform?

Here's a comparative Analysis of Web-Based vs. Desktop Trading Platforms.

Ultimately, the choice of the platform boils down to your trading style and preferences. Experienced intraday traders usually choose desktop platforms for faster order placement and to take advantage of market movements. Conversely, the web-based trading platform has a wide range of tools such as screeners, options chain analysis, index meter, symbol meter, and more to make an informed trading decision.

FYERS Next is more execution-focused, but for other analytical features, it is beneficial to use FYERS ONE or stay tuned for Web 2.O releases.

Over to You!

In a nutshell, FYERS Next is an advanced desktop trading terminal to enhance the trading experience with a wide range of features. With its high-end stability, fast-order placement, options calculator, market depth analysis, and other advanced features, it is an appropriate platform for those who find it more reliable to trade through EXE terminals. So, if that's what you are looking for, your best bet is FYERS Next!

Enhance your speed of order placement with FYERS Next and gain a seamless trading experience. Also, if you are new to FYERS, click here to open a demat account instantly.