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Forex new order

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Execution of this order results in opening of a trade position. Stop Loss and Take Profit orders described below can be attached to a market order. Execution mode of market orders depends on security traded. Pending Order Pending order is the client's commitment to the brokerage company to buy or sell a security at a pre-defined price in the future.

This type of orders is used for opening of a trade position provided the future quotes reach the pre-defined level. The current price level is higher than the value of the placed order. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on falling.

Attention: execution prices for all trade operations are defined by the broker; Stop Loss and Take Profit orders can only be executed for an open position, but not for pending orders; history charts are drawn only for BID prices in the terminal.

At that, a part of orders shown in charts is drawn for ASK prices. To enable displaying of the latest bar ASK price, one has to flag the "Show Ask line" in the terminal settings. Copyright , MetaQuotes Ltd. Become a broker with MetaTrader 5 platform. For any trader-related query — please visit www. Registered company name. Business activity type. But if the asset price reverses, the Stop Loss stops moving, protecting your profit or minimizing losses.

In MetaTrader 4, orders can be set in several ways — via the Market Watch, using the hotkeys or directly from the chart by enabling One Click Trading. Comprehensive information about all orders and open positions are available in the Terminal — Trade window. From there you can track the number of orders and positions, open prices, volumes, stop orders and your account state.

In addition from this window, you can review the detailed history of all your trades. The powerful MetaTrader 4 trading system provides you with complete control over your trades and account. Choose MetaTrader 4, and you will have everything you need to be successful from favorable market conditions. Download MetaTrader 4 and make use of all order types. Trading order types An order is an instruction for a broker to perform a trade on your behalf.

Depending on which conditions the trades are performed, there may be market, pending and stop orders: 3 execution modes 2 market orders 4 pending orders 2 stop orders Trailing stop. Copyright , MetaQuotes Ltd. Become a broker with MetaTrader 5 platform. For any trader-related query — please visit www. Registered company name. Business activity type. I am already a broker I want to become a broker I am a trader.

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New order forex uber ipo documents - MT4 Tutorials - Placing Orders in MT4

1. Click the New Order button. 2. From the drop-down list, select the currency pair you want to trade. 3. Next, select Pending Order in the Order Type dropdown. Your "order" refers to how you will enter or exit your forex trade. Here are the types of forex orders that can be placed in the forex market. Click on the 'New Order' button on the toolbar; Select 'New Order' from the 'Tools' drop-down menu; Press F9; Right-click an instrument in the 'Market Watch'.