How To Place An Order Using MT4
MetaTrader4 or MT4 for short is an online electronic trading platform, most commonly used by Forex traders and Foreign exchange brokers. It is a widely used Microsoft Windows based application and the perfect tool for every trader, especially when it comes to mastering the Forex basics. How To Place An Order Using MT4? First thing you need to do is open the MetaTrader4 "Order" window. Simply right-click on a currency pair and select "New trade" or just press the F9 key on your keyboard. Once the window has opened in order to prepare the trade order specify the following: symbol, comments, volume, stop loss and take profit, type. Once you do this you can either click on "Sell by Market" or "Buy by Market" buttons to place the trade. Order Types • Stop Loss and Take Profit If the price reaches and unprofitable level the stop loss order is used in order to minimize losses as much as possible. This order is literally always connecte