19/06/ · There is a bit of a learning curve. The more you practice, the more second nature it becomes for managing and placing orders. Before you go ahead and start placing orders, there are some settings that you need to configure. To begin with, click on Tools > Options on the menu bar and then select the tab, Trade. From this tab, you can set the general configurations before you trade. MT4 Forex Order Configuration/Settings Estimated Reading Time: 5 mins 22/04/ · HOW TO PLACE AN ORDER ON METATRADER 4 (MT4) ANDROID PHONE FOREX FOR BEGINNERS. trading Forex using a mobile phone can be frustrating but if you can place an Author: MOBILE FOREX 20/08/ · From the drop-down list, select the currency pair you want to trade. Next, select Market Execution in the Order Type drop-down list. Enter the size of the position you want to open. Keep in mind that volume, which indicates the size of your position, is expressed in terms of standard lot sizes
How to place trades using the MT4 trading platform?
This quick fire guide will get you up and running with MT4 in about 5 minuets, and there is a full 12 part video course at the end for in-depth features. First you will need to download MT4 from your broker, you can find some good ones here. We advise always using MT4 or the desktop version of your brokers trading platform, web platforms are much slower and you have to be connected to the internet no matter what so there is no advantage the browser based version can give you apart from setting up MT4, which you can learn in 5 mins.
Browser based platforms are also non standard, where as MT4 is the same no matter what broker you use making it easier to switch if you need to.
Once you login, MT4 should be available from your account tab. Download the file, run the installer. The 4 chart setting is ok, but for price action analysis is better to have a single chart.
You can always revert back to the 4 charts anytime by pressing minimize. The 4 chart view is useful when you have open positions and are just monitoring. Next, just click the maximize icon on the top right of any of the charts to get a screen like this. There is a default black and white colour scheme, how to place forex ordersn on mt4, or you can customize your own options. Saving as default. tpl makes your custom colour pallet the default when opening new windows.
When your ready to trade, or at least look at the markets it can take some time just opening and closing charts. This takes about 10 seconds and gets very boring, how to place forex ordersn on mt4. The most efficient way to look at charts is to simply click on the currency pair and drag it into the window. This will close the last chart, and open a fresh one. Having many charts open at the same time causes high use of system use and bandwidth.
This method keeps everything light, and super fast. You can just cycle through all the pairs very quickly looking for signals. You can change chart time frames here, how to place forex ordersn on mt4, for price action the D1 1 day is fine, or the H4 4 hour. For drawing trend or support lines, you can use the drawing tools here. Just select trend or line, and click the base point on the chart. For trends just set the base point and angle and your good to go. How to place forex ordersn on mt4 place a new order, simply press F9.
You can also choose new order from the top menu, or right click on the currency pair on the left side menu and select new order. Volume is the amount your want to trade per point. Stop loss sets a safety net, if the stop loss is hit your trade is automatically closed. The stop loss is the number of points away from the market order at the time you place the order. Take profit automatically closes your position after a certain number of points are won. As soon as you hit either of these buttons you will be live.
You can also place a pending order if a certain price level is reached. This will not how to place forex ordersn on mt4 a position immediately, it will wait until your target price is hit and then open a position in the direction your wish. You have 4 options which seems a bit confusing at first, just bookmark this page and double check the trade is in the correct direction until your used to it.
Buy limit is going long buying a position when a price lower than current market is reached. Buy stop is going long buying a position when a price higher than current market is reached. Sell limit is shorting selling a position when a price higher than current market is reached.
Sell stop how to place forex ordersn on mt4 shorting selling a position when a price lower than current market is reached. Sign up to our mailing list now to get the full 12 part MT4 video guide. Plus, download your free trading log to keep track of your trading success. Free 10 Day Forex Micro Course. Left Arrow — chart scrolling to the left. Right Arrow — chart scrolling to the right. Page Up — fast chart scrolling to the left.
Page Down — fast chart scrolling to the right. F12 — move the chart by one bar to the left. Home — move the chart to the start point.
End — move the chart to the end point. Delete — delete all selected graphical objects. Backspace — delete the latest objects imposed into the chart window. Esc — close the dialog window. F4 — download MetaEditor. F5 — switch to the next profile. F7 — call the properties window of the expert attached to their chart window in order to change settings. F8 — call the chart setup window. After this, the trading activities can be managed with keyboard.
You should now have a nice clean working area like below. Browsing charts efficiently When your ready to trade, or at least look at the markets it can take some time just opening and closing charts.
Zoom in and out. Placing and order with MT4 To place a new order, simply press F9. Get pro trade set ups straight to your inbox as soon as they happen!
How to Set Orders in MT4 (limit orders, stops, stop loss and take profit)
, time: 17:14How To Set Up Metatrader 4 (MT4) & Place Orders
22/04/ · HOW TO PLACE AN ORDER ON METATRADER 4 (MT4) ANDROID PHONE FOREX FOR BEGINNERS. trading Forex using a mobile phone can be frustrating but if you can place an Author: MOBILE FOREX 20/08/ · From the drop-down list, select the currency pair you want to trade. Next, select Market Execution in the Order Type drop-down list. Enter the size of the position you want to open. Keep in mind that volume, which indicates the size of your position, is expressed in terms of standard lot sizes 19/06/ · There is a bit of a learning curve. The more you practice, the more second nature it becomes for managing and placing orders. Before you go ahead and start placing orders, there are some settings that you need to configure. To begin with, click on Tools > Options on the menu bar and then select the tab, Trade. From this tab, you can set the general configurations before you trade. MT4 Forex Order Configuration/Settings Estimated Reading Time: 5 mins
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