Top five platform features every position trader needs
Summary: What are the most applicable platform features for position traders? Find here the five short-listed features.
Given a position trader´s mid- to long-term investment horizon, incorporating fundamental and macroeconomic factors in the trading strategy is key. Here we look at five platform features on SaxoTraderGO that can give your position trading the edge you’re looking for.
SaxoTraderGO: the position trader’s choice
Fast, reliable and available across multiple devices, SaxoTraderGO offers access to more than 40,000 instruments across all our products and asset classes. It boasts a wide range of professional tools and features, which can enhance your order execution and market analysis, and help you take your position trading to the next level. Here are our top five:
1. Screener list
With the screener list function you can filter out instruments based on several parameters, including country, sector and issuer type.
2. Option chain
Via the option chain function you can trade vanilla and touch options, and quickly switch between instruments by linking the option chain to your watchlist.
3. Stop-loss orders and account value shield
Along with traditional stop-loss orders, which you can place on individual positions, you can also place a stop-loss on your entire account value. If triggered, it will close all your open positions and cancel all your orders, helping you to stay in control of potential losses.
4. Integrated chart trading
With trade tickets fully integrated in the charts, you can conveniently open and close positions directly from your chart analysis.
5. Algorithmic orders
You can place a wide range of algorithmic orders, including TWAP, Iceberg, With Volume and Pre-market Limit. Once active, you have the opportunity to modify your orders without having to cancel or replace them.
Click below to explore these features in our free demo