academy.tradingfloor.com Saxo Academy Forex: Quick-start guide part 1 - Getting Started academy.tradingfloor.com

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1 Saxo Academy Forex: Quick-start guide part 1 - Getting Started academy.tradingfloor.com

2 How to trade Forex through the SaxoTrader Platform Here are some quick tips to help you get started right away. 1. First, clear your screen by clicking on View > Add View. 2. To view Forex available to trade, select Trading > Instrument Explorer and drop down to Forex.

3 3. Instruments listed here are readily available to trade.

4 4. Alternatively, you may search for the currency cross of your choice in the Look for field. Example: enter EURUSD into the field. 5. Right click on the instrument in order to open the Trade Tickets.

5 6. The Forex Trade ticket will appear. Select the currency cross of your choice (e.g. EURUSD). TRADE THE MARKET PLACE ORDERS Click Enable to trade IMPORTANT Prices in the Demo are provided with a 15 minute delay, so you must place orders in the Order tab of the trade ticket. Once you have a live account, you will be able to subscribe to live prices. If you wish to enter the market with an order, please open the order tab and insert a price.

6 7. Click on Ask in order to open a long position in the Stock and click on Bid to sell the Stock. Please note that you must own the stock before you can sell it. Bid The market price at which you can sell the currency cross. Ask The market price at which you can buy the currency cross As you can see the two windows above are green. The colour of the windows refers to the prices: Green price windows The prices you see are the exact prices you can buy or sell. Saxo Bank never slips a green price! Yellow price windows The prices you see are indicative and you need to press Live Price to request a firm quote. The dealers will pass you a green price, which you can click to trade. Purple price windows The prices you see are indicative because the market is currently closed or prices unreliable.

7 8. When your trade has been executed, you will see a Trade Confirmation, like the one below. DISCLAIMER None of the information contained herein constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy. This material is produced for marketing and/or informational purposes only and Saxo Bank A/S and its owners, subsidiaries and affiliates whether acting directly or through branch offices ( Saxo Bank ) make no representation or warranty, and assume no liability, for the accuracy or completeness of the information provided herein. In providing this material Saxo Bank has not taken into account any particular recipient s investment objectives, special investment goals, financial situation, and specific needs and demands and nothing herein is intended as a recommendation for any recipient to invest or divest in a particular manner and Saxo Bank assumes no liability for any recipient sustaining a loss from trading in accordance with a perceived recommendation. All investments entail a risk and may result in both profits and losses. In particular investments in leveraged products, such as but not limited to foreign exchange, derivatives and commodities can be very speculative and profits and losses may fluctuate both violently and rapidly. Speculative trading is not suitable for all investors and all recipients should carefully consider their financial situation and consult financial advisor(s) in order to understand the risks involved and ensure the suitability of their situation prior to making any investment, divestment or entering into any transaction. Any mentioning herein, if any, of any risk may not be, and should not be considered to be, neither a comprehensive disclosure or risks nor a comprehensive description such risks. Any expression of opinion may be personal to the author and may not reflect the opinion of Saxo Bank and all expressions of opinion are subject to change without notice (neither prior nor subsequent). This disclaimer is subject to Saxo Bank s Full Disclaimer available at: