Global Sales Trading
Summary: What are the most applicable platform features for day traders? Find here the five short-listed features, including implementation videos.
With day traders looking to capitalise on small price movements within a single trading day, fast execution and intuitive monitoring tools are key. Here we look at five platform features on SaxoTraderGO that can give your day trading the edge you’re looking for.
Introduction to day trading
Day trading is the buying and selling of financial securities within a single trading day, in the hope of capitalising on small fluctuations in price. It’s a well-known trading strategy that can occur in any marketplace but is most common in FX and stock markets.
Day traders rely heavily on volatility and will commonly trade on margin to try and maximise profits. They often need to make decisions in seconds and place orders instantaneously, so it’s imperative they have advanced monitoring tools at their fingertips and fast, reliable execution to call upon.
SaxoTraderGO: the day 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 day trading to the next level. Here are our top five:
1. One-click trading
SaxoTraderGO enables you to choose between one- or two-click trading, so you can place your orders in the shortest time possible.
View your watchlist as a ticker trade-board to execute your trades as fast as possible.
Place orders directly from our fully integrated charts to optimise the timing of your trades.
Enable a stop loss on your entire account value through applying the account value shield. If triggered, it liquidates your open positions in your account (except bonds and mutual fund holdings) and cancels all orders.
Customise your charts and take advantage of more than 50 technical indicators and drawing tools.