Trading Forex​ on SaxoTraderGO​ - Video Script

FINDING AN INSTRUMENT

1. Let's start by creating a new watchlist; click on the dropdown list below the Watchlists button and click on New list

2. Click on ADD INSTRUMENTand type the currency pair of your choice in the "Find Instrument" field. For example, type "EURUSD" into the field. Click on the inst​rument with the "green FX" icon and click on done.

3. Click on the green FX button next to EURUSD and click TRADE​

PLACING A MARKET ORDER

4. The Trade Ticket window opens and allows you to either trade at market prices or place an order at a specified price.

For EURUSD trades up to 25 million in size Saxo allows clients to trade on green prices.

5. Enter the amount you would like to trade. For example 50,000 EURUSD.

6. Next, click enable in the trade window and proceed to buying or selling the currency pair by clicking on the Ask button in order to buy EUR and sell USD or the Bid button in order to sell EUR and buy USD.

7. A Trade Confirmation appears on the upper right side of your screen if the market order is executed. Click on OK to close the confirmation.​

TRACKING AN OPEN POSITION​​​

8. You can view the new position in the "Positions" section on the bottom of your screen. You can close your open positions or place related limit and stop loss orders directly from here.

9. To place a related Limit order or Stop order click on the button and select your Stop and Limit; prices.

10. You have 3 options to define your orders. You can either specify the amount of PIPS, the Percentage or the Price Level.

Click on the respective column, in our example price level. Once you have completed the set up click on the PLACE ORDER button.

11. A window containing all relevant order information will appear. Review the displayed order information and click on "CONFIRM" to place the order(s).

12. On the right upper corner of your screen the notification window will appear with the confirmation that your order(s) has been placed. Click on OK to close the notification window.

13. To view your open orders click on "Orders" on the bottom section of your screen.

This section offers you the ability to EDIT or CANCEL the placed related orders.

You can immediately close an Open Position by clicking on the Position section, and clicking on the price in the Close button In case you are holding multiple positions in an instrument you should click on the "+ plus sign next to your position and then click on the CLOSE Price button in the respective row. A Close Position ticket will appear, click on Enable on the Green Button and confirm your trade with a second click.

14. In order to see the Chart module, Click on the "Charts" next to the overview in the upper right section of your screen. Thanks to the module linking, you should see the EURUSD chart. Furthermore, icons showing your open positions as well as related orders for this particular instrument, will appear on the chart. If you cannot see these icons, click on the "Settings" icon on the right side of the chart module and tick the boxes "Show orders" and "Show positions".​

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