T​rading Forex on Saxotrader​ - Video Script

FINDING INSTRUMENT​

1. Let’s start by creating a new view; click on ​ File> View > Add View

2. To view the available Forex products to trade, select Trading, then Instrument Explorer and drop down on Forex.

3. The instruments listed here are readily available to trade.

4. You can also search for the currency cross of your choice in the "Look for" field. For example, enter "EURUSD" into the field.

5.Right click on the chosen currency cross in order to open theTrade Ticket.

PLACING ORDER​​

1. The Trade Ticket window opens and allows you to either trade at market prices or place a trade order at a specific price.​

  • ​For EURUSD trades up to 25 million in size Saxo Bank allows clients to trade at live green prices so we will place a Market order.​

2. Enter the amount you would like to trade. For example, 100 000 EURUSD.​

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

4. A Trade Confirmation appears on the screen if the market order is executed.

ACCOUNT SUMMARY​​

1. You can view the new position in the "Open Positions" section in the Account Summary.​

2. Simply click on Account and then go to the Account Summary. You have the ability to close your open positions or place related limit and stop orders directly from the account summary. ​​

3. To place a related Limit order or Stop order click on these icons respectively and select your Stop Loss and Take Profit prices.​

4. Once you have defined your required price levels and selected the desired duration click on the Place Order button.​

5. A window containing all relevant order information will appear. Review the displayed order information and confirm the details to place the order.

6. The Trade Confirmation will appear.

7. To view your open orders proceed to the Trading Tab and click on Open Orders. This section offers you the ability to change, cancel or create a new order.

8. To view all your Open Positions proceed to the Trading Tab and click on Open Positions. You can immediately close an Open Position or place a Related order such a Stop Loss or a Limit Take Profit order directly from the open positions section

9. In order to open the Chart module, select Trading and then click on New Chart. Enter the instrument you wish to view into the instrument field. Furthermore, icons showing your open positions as well as related orders for this particular instrument will appear on the chart.

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