Steps on How to Set a Currency Pair Trade on MetaTrader 4
Currency Pair Forex Trade Setup Tutorial for Beginner Traders
To setup a forex buy or sell trade in MT4 after learning what are currency pairs and choosing which are the best currency pairs to trade follow the steps listed on this tutorial.
Steps to Setup a Currency Pair Trade
- Open MT4 software
- Open MT4 Market Watch Window Panel shown below
- Select the Currency Pair you want to trade - for example open EURUSD
- Open the Currency Pair Trade order and select "Buy" order or "Sell" order as shown below depending on what type of trade order (buy order or sell order) you want to open.
MT4 Market Watch Window
All the currency pairs symbols available on the MT4 platform will be shown the same way as the example below:
List of all Available Currency Pairs Trade Symbols Shown on the MT4 Platform
Opening Buy or Sell Order using Trade Order Window on MetaTrader 4
MT4 software is the software which is provided by a broker to help forex traders place their currency pair trade transactions.
Once you download and installs this MT4 software on your computer you can then begin to trade in the online forex trading market. All currency pair trade trades are executed through this MetaTrader forex trading platform. If you want to learn a forex trading platform, MT4 Forex Software is a good platform to start with.
To set these currency pair trade orders, open MT4, open a "forex chart", right-click on "forex chart', choose 'New Order', then choose order you want to open - either sell order or buy order as shown below. (MetaTrader 4 Short Cut Keys for MT4 new order window - Press F9)
Opening Buy or Sell Currency Pair Order using Trade Order Window on MT4
