TRADING FOREX ON THE PLATFORM - Saxo Bank · 2019-04-24 · TRADING FOREX ON THE PLATFORM. 2 A...

1

Saxo Capital Markets HK Limited | Tel: +852 3760 1378 | Web Site: www.saxomarkets.com.hk/en | Email: [email protected]

TRADING FOREX ON THE PLATFORM

www.saxomarkets.com.hk/en

2

A quick introduction to using the SaxoTraderGO platform to trade FX.

OPEN LIVE ACCOUNT

TRY FREEDEMO


Fast and Simple

Designed to be fast and as easy-to-use as possible, the new SaxoTraderGO platform from Saxo is a web-based platform that can be used from any HTML5-compatible web browser, from any device.

Excellent Cross-Device Experience

SaxoTraderGO offers excellent cross-device experience between desktops, tablets and Smart Phones with the user-experi-ence very closely aligned and your watchlists and preferences follow you between devices.

WHAT IS

http://hk.saxomarkets.com/en/open-account/live-account-registration

http://hk.saxomarkets.com/en/demo-account/

3


FIRST-TIME STARTUP EXPERIENCE

Select language Regional Settings

When you first enter the platform, you are guided through a few short steps to set your platform up to your requirements including:

• Regional preferences, language and number formats

• Trading product and regional preferences – used to buld watchlists of the most popular instruments for your selected region to get you started.

Note: products not selected will be hidden to simplify the platform. You can enable these trading products under the Trading Products from the Platform menu.

These settings can later be changed under Platform Settings available from the Platform Menu .


4


OPEN LIVE ACCOUNT

TRY FREEDEMO


FIRST-TIME STARTUP EXPERIENCE

Trading products and trading region

Setup Complete

These settings can later be changed under Platform Settings available from the Platform Menu .



5


SAXOTRADERGO ON THE DESKTOP

Instrument Search

Account servicesAccess to Account services

Account Toolbaryour account balance and margin available

Watchlist / trade Boardwhere you monitor and trade instruments

Position and Order Managementwhere you manage you open trade positions and orders

Chart chart allows you analyze price movements, offers technical studies and annotations and you can trade directly in the chart

Click the product icon on a search result to open a menu of actions

The header in the SaxoTraderGO platform offers quick access to find instruments quickly.

SEARCHING FOR NEW INSTRUMENTS


6


OPEN LIVE ACCOUNT

TRY FREEDEMO


THE WATCHLIST

Watchlist selector quickly select a customized or standard Watchlists

Edit Watchlistadd new instruments and customize the current Watchlist

My Watchlistyour own customized Watchlist

New Watchlistcreate a new (empty) Watchlist

Standard Watchlistselect pre-defined Watchlists for an exchange or region

The Watchlist is where you monitor instruments you are interested in.

Watchlist Selector

The Watchlist Selector allows you to access your own watchlists and access predefined watchlists for instruments you enabled on your platform during startup.



7


Custom Watchlists

You can make a copy of a predefined Watchlist and edit it and select Copy to my Watchlists.

Or start with an empty list by selecting New List from the Watchlist Selector.

Editing a Watchlist

Select Edit to start editing a Watchlist.

Add new instruments to use the ADD INSTRUMENT button and searching for instruments:

Add new instruments

Drag to rearrange instruments

Remove instruments

Move instruments up or down in the list by dragging the row.

Delete instruments from the list by clicking the Delete (X) icon.

THE WATCHLIST



8


OPEN LIVE ACCOUNT

TRY FREEDEMO


Watchlist List Mode

When in Edit, click LAYOUT to change the Watchlist type and the columns:

THE WATCHLIST


• Double row list Double Row allows more information to be displayed for instruments in a limited screen area.

Layout > Double Rowshow instruments on two lines

• Trade Board Tile mode allows you to trade instruments quickly.

Layout > Trade Boardshow instruments as tiles in a Trade Board

Layout > Single Rowshow instruments on one line

• Single row list (Desktop only) Single Row mode allows you to show most instruments



9


Selecting ColumnsWhen in Edit, click LAYOUT to change the columns shown in the Watchlist:

The Columns shown, shows the columns currently included in the Watchlist. The highlighted columns are the columns currently visible in the width the Watchlist has available. To add a column to the Columns Shown, drag it into the required position in the list.

THE WATCHLIST


The Trade Ticket allows you to place trades and orders for a selected instrument and to add related orders to protect your trade (stop-loss orders) and take profit if the trade reaches your target price.

Trade directly from the Trade Board:

Trade instruments from the Watchlist by clicking the button on the price field.

You can also open the Trade Ticket by searching and selecting instruments to open them in the Overview and clicking the Trade button in the header bar.

Click to EnableIf 2-click trading enabled, click the Bid or Ask button to Enable trading.

Trade from your watchlistClick the price buttons to open the Trade Ticket.

Trade selected instrument from Overview panelSelect an instrument from:Search, Watchlist, Positions or Orders and click Trade.

2nd click to tradewhen enabled click again to trade.

If the trade buttons are green, the price is a live tradable price – the price you see is the price you get.


10


OPEN LIVE ACCOUNT

TRY FREEDEMO


Placing a Live Trade To Trade an FX cross live tradable prices, select Trade from the Trade/Order selector. If the buttons are green, the price shown is the price you will be filled at.

Green prices are only available when the market is open for:If the market is closed or live prices are not available, you can use market orders to place a trade at the best price available from the market.

PLACING TRADES AND ORDERS

Select TradeTo trade immediately on live (green) prices

Instrument priceShows the current and today’s high/low price

Order typeSelect order type from Trade/Order

Add Stop loss / Take profitClick link to add a Stop loss and/or a Take profit order to you trade order

Please Buy or Sell orderClick Buy or Sell to place the buy or sell order

Placing a Forex OrderTo place a Forex trade order, select Trade from the Trade/Order selector.



11


To add related orders to your order or trade, click the Add related orders link:

PLACING TRADES AND ORDERS

Add Limit orderSelect Limit to add a related limit take profit order to your trade

Trades / Order confirmedAll Trades and order are confirmed quickly after being placed

Add Stop orderSelect a Stop type to add a related limit stop loss

Apply order to your trade

Trade and order confirmationsAll trades and orders will be confirmed quickly after being placed.


12


OPEN LIVE ACCOUNT

TRY FREEDEMO


MANAGING TRADE POSITIONS

MANAGING OPEN ORDERS

ACCOUNT TOOLBAR

The Position Management pane allows you to keep your open positions in focus and manage your trades.

The Order Management pane allows you to monitor and manage your open trade orders.

The Account Toolbar shows you your Account Balance available for making new cash trades your total Account Value and the Margin available for opening new Margin positions.

Close PositionFrom the Close column

Open trade positionsmanage your open trade positions

Manage Stop and Limitsadd, remove or edit stop or limits on positions

Real-time profit or loss

Full position details

Open trade ordersmanage your open trade orders

Full Order details

Edit open orderClick the Edit button to change orders before execution

Cancel orderCancel orders before execution



13


Real-time profit or loss

MARKET OVERVIEW

The Market Overview panel gives an overview of price information, charts and news for instruments selected from the:

• Search field

• Watchlist

• Positions list

• Orders list

The Market Overview shows:• the price action, including Last Traded, Bid / Ask, Today’s low and high, the market status and the Bid and Ask size (for stocks)

• a Chart of the price for the selected time range from 1 day to 5 years

• any News stories

• a Company Snapshot giving fundamentals the company fundamentals (for stocks)

Open Trade Ticket

Chart range selection

Overview Chart

Instrument News

Indicates Instrument added in a custom watchlist

Add Price Alert


14


OPEN LIVE ACCOUNT

TRY FREEDEMO


CHARTS

The Chart allows you to have up to 4 charts for the selected instrument with different chart types, time periods and studies.

Full screen/restore

Chart type: Candelstick, Line, etc.

Trade in Chart

Link/unlink to Watchlist

Techical studies

Add/remove charts

Select time period

Drawing tools



15


ACCOUNT SERVICES

• Account overview

• Account Performance *

• Cash management – transferring funds to and from your account *

Account services are from the Account tab at

the top of the platform and include:

• Subscriptions management – managing subscriptions to live exchange prices, news services and Equity Research *

• Instrument trading conditions

• Reports – statements, Trades executed dividend payments, etc.*

• Activity Log

* Feature available only for live account.

Account services are from the Account tab at the top of the platform and include:


16


OPEN LIVE ACCOUNT

TRY FREEDEMO


On Tablets

On Smartphones

PortraitOverview and Charts

PortraitWatchlists, Positions, Orders and Price Alerts

Landscapeall modules

All modules are accessed from the menu . MenuModules are accessible through the menu

Landscapeoffers a better orientation for the chart



17


Market Order Orders to buy or sell a specified instrument as soon as possible at the price obtainable in the market.

Limit Order

Limit orders are commonly used to enter a market or to take profit at predefined level.

• Limit orders to buy can only be placed below the current market price.

• Limit orders to sell can only be placed above the current market price.

• Aggressive Limits - Saxo allows for the placement of slightly in the money limits (for clients to use as a limited Market order) - the tolerance is currently set at 0.05% away from the relevant market price.

When a limit order is triggered, it is filled at the price obtainable on the market. Limit orders are gener-ally filled at the limit price. However, they may be filled at a better price during larger market gaps, for instance during the market opening period (Monday, 05:00 Sydney time) or during news events. Limit orders are never filled at a price worse than the original limit price.

Stop Order

Forex Stop orders are commonly used to exit positions and to protect investments in the event that the market moves against an open position.

• Stop orders to sell are placed below the current market level and are executed when the Bid price hits or breaches the price level specified.

• Stop orders to buy are placed above the current market level and are executed when the Ask price hits or breaches the price level specified.

Stop if Bid / Stop if Offered

Order

Stop if Bid orders are typically used to limit losses on short positions. Stop if Offered orders are typically used to limit losses on long positions. This is to prevent orders from being triggered just because of a temporary large spread (maybe for a split of a second). Saxo therefore encourages you to only use Stop if Bid for Buy orders and Stop if Offered for Sell orders.To help you select the right Stop order type, the ‘FX Order’ Ticket on the platforms automatically defaults to Stop if Bid for Buy and Stop if Offered for Sell orders unless you actively change it before placing the order.

• Stop if Bid orders to buy are when triggered most often filled at the order level plus the client spread, which means no slippage. During volatile markets with price gaps, orders may be slipped to the current market offer price. See the Stop order fill statistics.

• Stop if Offered orders to sell are when triggered most often filled at the stop order level minus the cli-ent spread, which means no slippage. During volatile markets with price gaps, orders may be slipped to the current market bid price. See the Stop order fill statistics.

• Stop if Bid orders to sell are when triggered filled at the client Bid price at the time.

• Stop if Offered orders to buy are when triggered filled at the client Offer price at the time.

The use of Stop-if-Offered orders to buy or Stop-if-Bid orders to sell for Forex positions can result in posi-tions being prematurely closed if a market event causes the Bid/Ask spread to widen for a short duration.Saxo’s order management system has certain client protection mechanisms in place that ensures that the vast majority of orders are filled without any slippage. See the Stop order fill statistics.

Trailing Stop Order

For all three stop order types available, a client can choose Trailing functionality. The order is then adjusted according to step and distance to market, predefined by the client. A Trailing Stop Order has a trigger price that changes with the spot price, when the market moves in favour of the client. For example: in a rising market, if the client has placed a sell stop order for his/her long position, the stop price rises according to the proportion set by the user. If, however, the market price falls, the stop price remains unchanged.

FOREX ORDER TYPES


http://hk.saxomarkets.com/en/prices/forex/order-execution#Historical



18


OPEN LIVE ACCOUNT

TRY FREEDEMO


ADDITIONAL INFORMATION

PROTECTION OF CLIENT FUNDS

GENERAL EDUCATION

LEARN MORE ABOUT FOREX

FOREX PRICES

FOREX TOOLS

FOREX TRADING CONDITIONS

Read more about Forex on TradingFloor.com

Please note that by clicking on the above link, you agree to proceed on to the linked site where you will be subject to the terms of that linked site.



https://www.tradingfloor.com/forex

http://hk.saxomarkets.com/en/support/legal-documentation/

http://hk.saxomarkets.com/en/education/

http://hk.saxomarkets.com/en/forex/

http://hk.saxomarkets.com/en/prices/forex/

http://hk.saxomarkets.com/en/market-insight/saxotools/

http://hk.saxomarkets.com/en/prices/forex/trading-conditions

19


SAXO CAPITAL MARKETS PRODUCT RISK CATEGORISATION

HK

03/

14

Category Risk Product Specification and Underlying Asset

Green Risk: The risk of losing the deposit is considered very small.

Difficulty in understanding the product: The product is not difficult to understand.

Bonds Sovereign / Government Bonds traded on a regulated market

Yellow Risk: There is risk of losing the deposit partially or entirely.

Difficulty in understanding the product: The product is not difficult to understand.

Bonds Corporate Bonds traded on a regulated market

Stocks Stocks Traded on a regulated market

Retail funds Collective Investment Schemes / Equity-linked Investment Products offered to the retail public in Hong Kong

Exchange Traded Funds (ETFs)

Stock / Bonds / Interest / Index / Forex

Red Risk: There is risk of losing more than the deposit.

Difficulty in understanding the product: The product is difficult to understand.

Bonds Corporate Bonds not traded on a regulated market, multilateral trading facility or an alternative market place.

Structured Bonds

Stocks Stocks traded on a Secondary / Alternative market

Options / Warrant Forex / Stocks / Bonds / Interest Rate / Index / Commodities

Foreign Exchange Spot / Forward

Futures Contract / Exchange Traded Commodities (ETCs)

Commodities

Exchange Traded Options (ETOs)

Commodity Futures / Stock Index Futures / Interest Rate Futures / Currency Futures / Bond Futures

The table below shows the key product that Saxo Capital Markets HK Limited may offer to its client. It is classified into 3 different risk rating – Green, Yellow and Red with red being the highest rating according to the internal risk categorisation of investible product.

Please note that any decision to invest is based solely on your own assessment of the financial product, therefore, you should only trade in the financial product that you have full understanding on it as well as the risk associated to it.

Risk warning: Investment involves risk. Leveraged investments in foreign exchange or derivatives carry a high degree of risk and may result in significant gains or losses. You should carefully consider your financial situation and consult your independent financial advisors as to the suitability of your situation prior to making any investments. The Product Risk Categorisation is presented for your general reference only and shall not be deemed as an offer, invitation, solicitation or recommendation to buy, sell or invest in any financial product and you should not make any literal comparison or matching with your personal risk profile, if any. The content of this Product Risk Categorisation will be updated from time to time without prior notice.

Saxo Capital Markets HK Limited | Units 1201-1202 | 12/F | Agricultural Bank of China Tower | No. 50 Connaught Road Central | Hong Kong

Company Registration no 1395901 | License no AVD061 | Telephone + 852 3760 1388 | Fax +852 3760 1300 | Web www.saxomarkets.com.hk | E-mail [email protected]

Risk warning: Investment involves risk. Leveraged investments in foreign exchange or derivatives carry a high degree of risk and may result in significant gains or losses.

You should carefully consider your financial situation and consult your independent financial advisors as to the suitability of your situation prior to making any investments.

The Product Risk Categorisation is presented for your general reference only and shall not be deemed as an offer, invitation, solicitation or recommendation to buy, sell

or invest in any financial product and you should not make any literal comparison or matching with your personal risk profile, if any. The content of this Product Risk

Categorisation will be updated from time to time without prior notice.

You may see information about Contracts for Differences (“CFDs”) in this document; however, you should not take this as SCMHK proposing or advising clients to trade

such product. Trading CFDs is not available to clients of SCMHK.

Saxo Capital Markets holds a Type 1 Regulated Activity (Dealing in securities); Type 2 Regulated Activity (Dealing in Futures Contract) and Type 3 Regulated Activity

(Leveraged foreign exchange trading) licenses (CE No. AVD061) issued by the Securities and Futures Commission of Hong Kong.

All trademarks and registered trademarks are the property of their respective owners.


20


OPEN LIVE ACCOUNT

TRY FREEDEMO


ARE YOU LOOKING FOR MORE PRODUCTS?

Speed. Execution. Range of instruments.

Forex180+ crosses

Eq Stocks19,000+ Instruments

0C Contract Options

70 contracts

ETFs/ETCs2,500+ Instruments

Eq

F

Stock Options200 Options

Eq0

Fu Futures200 contracts

Bonds6,000+ instruments

Bo

FX Options45 crosses0

ARE YOU LOOKING FOR MORE PRODUCTS?

Speed. Execution. Range of instruments.

Try a free demo account at www.saxomarkets.com.hk/en



http://hk.saxomarkets.com/en/forex/

http://hk.saxomarkets.com/en/stocks/

http://hk.saxomarkets.com/en/contract-options/

http://hk.saxomarkets.com/en/etfs/

http://hk.saxomarkets.com/en/stock-options/

http://hk.saxomarkets.com/en/futures/

http://hk.saxomarkets.com/en/bonds/

http://hk.saxomarkets.com/en/forex-options/

http://cy.saxobank.com/

21


Contact Information:

Phone: +852 3760 1378

E-mail: [email protected]


TRADING FOREX ON THE PLATFORM - Saxo Bank · 2019-04-24 · TRADING FOREX ON THE PLATFORM. 2 A...

Documents

Transcript of TRADING FOREX ON THE PLATFORM - Saxo Bank · 2019-04-24 · TRADING FOREX ON THE PLATFORM. 2 A...