Entering a Trade via Pending Order.

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 list.

4. Determine whether you want to BUY or SELL the pair in the Order Type dropdown list.

You will be presented with 4 options:

Buy Limit – if you plan on going long at a level lower than market price

Sell Limit – if you plan on going short at a level higher than market price

Buy Stop – if you plan on going long at a level higher than market price

Sell Stop – if you plan on going short at a level lower than market price

5. After you have selected the type of order, punch in the price at which you wish to enter the market.

6. Then, enter the size of the position you want to open in the volume field.

7. Fill in the stop loss and take profit fields.

8. You’ll notice that by using a Pending Order, you also have the option to set an expiry date on your order.

9. Once you’ve filled everything out, click the Place button to enter your trade. A dialogue box will appear to confirm that your trade has been executed.

Modifying Trades

Click on the Trade tab. There, you will find all of your trades, including their entry prices, position sizes, stop losses, and profit targets.

If you don’t see the Trade tab, don’t worry, it’s there.  It’s just hiding.  Go up to the menu bar at the top of the window and click on View | Terminal (or click CTRL + T on your keyboard).

To add/modify stop loss or profit target:

• Right-click on the trade that you want to modify and select the “Modify or Delete Order” option.
• Next, fill in the Stop Loss and Take Profit fields with your desired levels. When you’re done, hit the Modify button.
• A dialogue box should appear to confirm that your trade adjustments have been executed.

To close an open trade:

• Right-click the trade you wish to close and click the “Close Order” option.
• If you want to close your entire position, select the yellow button below the Buy and Sell options.
• After hitting close, your profit balance should change and reflect the profit or loss you made on your recently closed trade.

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