Trading Stocks on SaxoTrader​ - Video Script

FINDING INSTRUMENT

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

2. To view the available sto​cks to trade, select Trading, then Instrument Explorer and drop down to Stocks.

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

4. You can also search for the stock of your choice by entering its name or ticker into the “Look for” field. For example, enter “DBK” into the field.

5.Right click on the chosen stock in order to open the Trade 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.​
  • When trading on a demo account, stock prices are delayed by 15 minutes, which is indicated by the orange price windows and clock icon.
  • Clients on live accounts can subscribe to the relevant exchange in order to trade on live prices, which are indicated by green price windows. 
2. To enable the subscription to the real time stock price data go to Account tab and click on the Manage subscriptions module.

3.
 Subscribing to an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange. 

4. When the exchange is closed, prices for the stock are displayed purple in the price windows. Stock market orders placed in the Order tab when the exchange is closed will be filled at the best available price when the market opens. ​ 

5. Enter the amount you would like to trade. For example 500 Deutsche Bank shares. 

6. The cost of trading can be viewed in the Info section of the trade ticket prior to placing the trade request. 

7. In the live platform with default settings, clients with real time pricing can click enable in the trade window and proceed to buying or selling the stock by clicking on the Ask price in order to buy shares, or Bid in order to sell them. 

8.
 In the demo, clients trade on delayed prices and must place orders in the Order tab of the trade ticket 

9.
 Place a market order to buy 500 Deutsche Bank shares by selecting “Market” in the Entry type field and then clicking Place orders.
A trade confirmation appears on the screen if the market order is executed. ​

ACCOU​NT SUMMARY, OPEN ORDERS AND POSITIONS

1. You can view the new position in the “Open Positions” section of the Account Summary.​

2.  Simply click on Account and then go to the Account Summary.

You have the ability to close your open position 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. Once you have defined your required price levels and selected the desired duration, click on the Place orders button.

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

If a trade has been executed, a trade confirmation will appear.  ​

5. 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 convert your order to a Market order.

6. In order 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 as a Stop Loss or a Limit (Take Profit) order directly from the Open Positions section.​

7​. 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.

In order to change your related orders you can easily click on the line and drag it up or down in the chart.

If you need any further help please do not hesitate to contact your account manager. 

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