It
is very easy to understand for every forex trader that how to “Buy” at
forex market. Buying depends on the trading platform you use.
Every
Forex broker gives you the Forex trading Platform manual or will be
able to guide you how to take step of setting buy/sell orders, profit
targets and exits per you request.
Here is an example of how to order “Buy” at METATRADER4.
At
first you have to click “tools” menu at menu bar than click “New
Order” and you will see the following new window of “Buy/ Sell”.
In the above screenshot,
Symbol
- the currency list you'll be trading Volume - how many lots you'll be
buying Stop loss - you need to put the price you want to be stopped at
in case a trade goes against you. Take profit - your profit goal.
Comment - leave it blank. Type - leave it as Instant execution. Then you
have two buttons: Buy and Sell. Press “Buy” than click Ok in the new
window. A new trade will open.
You
will be able to see it on your chart and also you can check menu
'Trade', located below your chart. If you now try to Right click on
this trade, you will have an option to 'Modify or Delete order', where
you'll be able to change your trading preferences.
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