Steps on How to Set a Currency Pair Trade on MetaTrader 4

Currency Pair Trade Setup Tutorial for New Traders

To setup a 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

1. Open Meta Trader 4 platform
2. Open MT4 Market Watch Window Panel shown below
3. Select the Currency Pair you want to trade - for example open EURUSD
4. 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.

MetaTrader 4 Market Watch Window

All the currency pairs symbols available on the MT4 software will be pictured the same way as the example below:

Listing of all Available Currency Pairs Trade Symbols Shown on the MT4 Software

Opening Buy or Sell Order using Trade Order Window on MT4

MT4 software is the software which is provided by a broker to help traders set their currency pair trade transactions.

Once you download and installs this MT4 on your computer you can then begin to trade in the online market. All currency pair trade trades are executed through this MetaTrader platform. If you want to learn a platform, MetaTrader 4 Forex Software is a good platform to start with.

To set these currency pair trade orders, open MT4, open a "fx chart", right click on the "forex chart', select 'New Order', then choose order you want to open - either sell order or buy order as shown below. (MT4 Short Cut Keys for MT4 new order panel - Press F9)

Opening Buy or Sell Currency Pair Order using Trade Order Window in MetaTrader 4