Global Sales Trading
Summary: What are the most applicable platform features for position traders? Find here the five short-listed features, including implementation videos.
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.
Introduction to position trading
Position trading refers to the strategy of holding a position over a period of weeks to months. Position traders are primarily applying fundamental analysis, supported by technical analysis, with the latter commonly used for timing the trade.
Compared to short- and mid-term traders, long-term traders are more exposed to holding period-related risk. Hence, position traders are dependent on risk management tools, such as stop-loss functions.
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. Stop-loss and take profit orders
Protect your positions from adverse market moves by placing related stops together with orders.
Trade FX vanilla and touch options, as well as listed options on stocks, indices and futures. You can quickly switch between instruments by linking option chains to watchlists.
Identify instruments based on specific criteria given your individual trading strategy.
Place an order directly from your customised chart using potential price levels.
Access a wide range of algorithmic orders, including TWAP, Iceberg, With Volume and Pre-market Limit. Once they are active, you can modify your orders without having to cancel or replace them.