Forex volume 1.00

I Want To Know Abt Lot Sizes In Forex Trading - Business - Nigeria

The process of trading - an easy explanation: We sit in front of a computer looking at graphs of the various currency combinations.

By keeping fundamental factors in mind fundamental trading and by looking at patterns in the candles as well as a combinations of indicators technical trading we aim to determine the direction of the market and will decide when is the best time to buy or sell. Our main aim is to determine if the value of a certain currency as compared to another one is getting stronger or weaker. Our aim is to invest in the currency that is getting stronger.

Understanding the direction of the graph: We will activate a Buy transaction. We will activate a Sell transaction.

To Activate a trade: There are several ways in MT to activate a transaction - in order to activate a trade Buy or Sell you have to see the Order window. Click on the New Order icon at the top of the screen to see the Order window. Press the F9 key on the keyboard to see the Order window. Here you will activate a Buy or Sell trade.

If you are trading on a Standard Account: If you are trading on a Mini Account: You can enter a stop even before you activate a trade by entering the value of where the stop should be. Otherwise you can leave the stop open for the moment, but will have to activate a stop immediately after you entered a trade.

At times the market can move extremely quick and trading without a stop is a sure way of losing large amounts of money. You can read more about using a stop here:. You will click in the Order window on the Buy or Sell button to activate a trade.

Forex No-Deposit Bonuses

If a graph is moving higher, we will activate a Buy transaction by clicking the Blue Buy button. If a graph is moving lower, we will activate a Sell transaction by clicking the Red Sell button. When you activate a trade, a green dotted line will be visible on the graph to show where the entry is. If you enter a Stop Loss or a Take Profit, it will be visible as red dotted lines.

You can also see the active trade in the Terminal Window Trade Tab on the bottom of the screen. To Close a trade: Right-click in the Terminal Window Trade Tab on the active trade and select Close Trade. The active trade is seen here as the trade on the blue background just above the grey line with the Balance. You can also double click on the active trade in the Terminal Window Trade Tab and the Order window will appear with a Yellow bar below the Sell and Buy buttons.

Click on the Yellow bar CLOSE below the Sell and Buy buttons to close the trade. In a recent update for MT4 they added another easy and quick way to close a trade:.

Click on the X on the right of the trade in the Terminal Tab to close the trade.

The nice thing about forex trading is that we buy from the brokerage and we sell back to the brokerage where our accounts are. There is no need to run around looking for potential clients to convince to buy from us.

During and after every trade you will be able to see your balance in the Account History Tab of the Terminal Window. This is a very simplistic explanation of the procedure. I did not talk about Lots, Margins, Leverage, Money Management and other important stuff in this article.

More about those later on. Read more about the Forex Masters Advanced Training Course. Back to the Top.

Forbidden

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.

Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

MetaTrader 4 - Buying or Selling? MT4 allows you to trade on the international currency markets, no matter where you are! Copyright , FOREX MASTERS.