Trading CFD commodies on SaxoTrader - Video Script​

FINDING INSTRUMENT

  1. ​Let's begin by creating a new view; click on File> View > Add View
  2. To view the available CFD Commodities to trade, select Trading, then Instrument Explorer and drop down to CFDs and expand on Commodities.
  3. Here, you can find the instrument you are looking for.
  4. You can also search for a CFD Commodity of your choice by entering its name or ticker into the "Look for" field. For example, enter "OILUS" into the field.
  5. Right click on the chosen CFD Commodity in order to open the Trade Ticket.

PLACING ORDER​​

  1. Choose the Trade tab. Green window indicates that the price is realtime and ready to trade on.
  2. Click the dropdown to define the relation on your position you want to take.  
  3. Choose USD/tick if you want to define how much your your P/L will change if the price changes with one tick.
  4. Choose Barrels if you want to define the amount of Barrels you wish to trade.
  5. Choose nominal value if you want to define your nominal exposure you want to take.
  6. In our example we choose USD/tick equals 1. This means that if the price changes with 1 tick it will cause 1 USD profit or loss on your account. This can be also read as you trade equal to 100 Barrels.
  7. The cost of trading can be viewed in the Info section of the trade ticket prior to placing the trade.
  8. There are no extra charges if you keep your OIL CFD position overnight, however since the CFD tracks the underlying month's Future contract it should be closed no later than then the Expiry date shown in the trade ticket's Info Section.
  9. CFD Commodities are margin products, you can find information about the trade's impact on your margin in the Margin section.
  10. If you wish to give rightaway related orders after your trade is done please tick the box "Open Related Orders dialog after trade".
  11. Place a market order to buy USD/Tick equals 1 (100 barrels) US Crude OIL CFD contracts by simply clikcing on the green ASK window.
  12. A trade confirmation appears on the screen if the market order is executed and you will also see the CFD (related) Orders window.
  13. Set your related stop and/or limit orders and click "Place order(s)". You will see an overview of the limit and stop orders you set before, if you are fine with the set levels click OK.
  14. You will see the trade confirmation window with your executed market order and with the set limit and stop orders. You can now close this window.

ACCOUNT SUMMARY​​​

  1. To view the status of your account and the newly opened Crude oil CFD positions go to Account > Account Summary
  2. Here you have the ability to close your open position or check your related stop and/or limit orders by clicking on the related buttons.

If you need any further help please do not hesitate to contact your account manager.

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