How Do You Read Buy & Sell Forex Orders on MT5 Charts?
How Do You Trade Buy & Sell Forex Orders on MT5 Charts?
To open a buy or a sell forex trade on the MT5 platform - open the Market Watch Window, Select the Currency Symbol you want to open a Forex Trade with, open the chart of the forex instrument symbol by double clicking on the forex instrument quote, then from the chart open a buy or sell forex trade using the MT5 order window shown below:
Place New Forex Order in Tools Menu on MT5 Platform
A new buy or sell order to buy or sell a FX instrument can be found on the tools window menu within the MT5 Forex Platform. The "New Forex Order" button for placing a new trade transaction on the MT5 platform is shown below. ( MT5 Short Cut Keys 'F9')
How Do I Read Buy & Sell Forex Orders on MT5 Charts?
Buy or Sell Order on MT5
As a forex trader, once you select the new forex order button as illustrated above the following trade order popup window will appear. This pop up includes settings for placing a new forex trade.
Choose Buy to open a Buy Forex Trade
Choose Sell to open a Sell Forex Trade
How Do I Read Buy & Sell Forex Orders on MT5 Charts?
The Following Settings are specified for setting up a new forex trading order:
- Symbol - Specify the forex instrument to be traded.
- Volume - The Number of Lots to be transacted
- Stop Loss - Set Stop Loss, This option can be set after opening the trade, or for pending orders
- Take Profit - Set Take Profit, This option can be set after opening the trade, or for pending orders
- Type: Market Execution or Pending Order
- Sell by Market - Open a Sell Forex Trade
- Buy by Market - Open a Buy Forex Trade
To Buy at current forex price select the Buy by Market button key
To Sell at current forex price select Sell by Market button key
How Do I Read Buy & Sell Forex Orders on MT5 Charts?
