How Do You Read Buy & Sell Forex Orders in MT4 Charts?
How Do You Trade Buy & Sell Forex Orders in MT4 Charts?
To open a buy or a sell forex trade on the MetaTrader 4 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 MetaTrader 4 order window shown below:
Place New Forex Order in Tools Menu in MetaTrader 4 Platform
A new buy or sell order to buy or sell a FX instrument can be found on the tools popup menu within the MetaTrader 4 Forex Platform. The "New Forex Order" button for placing a new trade transaction on the MetaTrader 4 platform is shown below. (MT4 Short Cut Keys "F9")
How Do I Read Buy & Sell Forex Orders in MT4 Charts?
Buy or Sell FX Order in MetaTrader 4 Platform
As a forex trader, once you select the new forex order button key 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
Select Sell to open a Sell Forex Trade
How Do I Read Buy & Sell Forex Orders in MT4 Charts?
The Following Settings are specified for setting up a new forex 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 in MT4 Charts?
