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Video Selling foreign currency equivalent to a local amount in CurrencyXchanger (CXR) (Buy binary options strategy svendborg)
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Advanced MT4 Training - Placing Ordera successful foreign exchange trader knows when to bid and went to askin this tutorial we will examine the steps involved in making frayed actionson a forex trading demo accountprofits are made on the forex market went to trader successfully bids or askson a trading position selling high-end buying low as a golden standard whenexamining the action of a successful foreign exchange trader in order tocreate bid or ask actions you will need to know how to place an order for thistutorial we will be using a forex trading demo account to help you becomefamiliar with how trading actions workonce you are ready you will be able to move to Real trading account and beginmaking profit on the forex market the way a bit or ask action is initiated isreferred to as placing an orderthere are various methods of placing orders the first and most common methodof placing a trade order is to double-click a particular currency pairfor example the euro USD in the MarketWatch panelanother method is to click the new button on the toolbar menu and stillanother method is to click new order under the tools tab on the toolboxwindow will simply press f9 on your keyboardregardless of which method you choose the order window will appearthis window is arguably the most important one for any foreign exchangetrader on the marketthe information entered he will determine the amount of trading volumethis translates to the amount of potential profit or loss on thatparticular tradefirst of all make sure that the currency simply wish to trade is displayed in thesymbol box in the volume box you must decide the size of your contractremember that volume 14 standard trading accounts is equal to 100,000 units asfor macro accounts vol 1 is equal to 1000 units you can click on the arrowand choose the volume from the listed options of the drop down box or leftclick in the volume box and type in the required value the minimum trade sizefor both account types
of 0.01 for standard accounts this minimum size isequal to 1000 units while for macro accounts the minimum is equal to 10unitsdon't forget that your contract size directly affects your possible profit orlossthe comments section is not obligatory but you can use it to identify yourtrades by addingcomments next we have the type option which is set to market execution bydefault market refers to executing orders at current market price pendingorder i used to set up a future price that you intend to open your trade withpending orders are a more advanced technique in placing order so we willexplain this in another tutorialfinally you need to decide what order type to open you can choose between acylinder by order sell orders are opened at bid price and close did ask price inthis order type your trade may bring a profit if the price goes down by ordersare opened ask price and closed at bid price in this order type your trade maybring a profit if the price goes uponce you click on either buy or sell your order will be instantly processedyou can view all active trades in the terminal window trade tab all the ordersthat you place obtain a unique number signature you can identify order typedby color red for sale and blue for by or you can check them in the type column ofthe terminal window panel you can close an active order if you double-click thepending order ticket number and select the close button or if you right-clickthe required active order in the terminal window select close order andconfirm it by pressing again the close tab guardyou'll get to know more details about these panels in a separate tutorialsession on placing trade order on your forex trading demo account once youbecome familiar with operating trades he'll be able to move on to real forexaccount and begin making profit.
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