How to Trade in Forex Markets?

in trade •  4 months ago

How to trade on Forex- We learned a lot about Forex. Demo account opened. Now we'll start the trade. You can discuss how we can open a trade by opening this trade.

After logging into Meta-trader account, you will see this screen.

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To open a trade on EURUSD double click on the EURUSD from the "Market Watch" window.

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A window like the one below will open. Click on "BUY" if you want to buy EURUSD.

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A trade like below will open. Due to the spread, the trade will open in some laces.

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To set Stop loss or Take profit, double click on SL or TP.

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A window will open. From there you can set Stop Los and Tech Profit.

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See Stop Los and Tech Profit set. Trade will be close to the price at the price.

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The trade is now at $ 1 profit. Now your equity is $ 5001, but the balance is $ 5000. If you close the trade, your balance will be $ 5001 If the SL / TP price goes on, the trade will be lonely close. But if you want to close it now, double click on the profit.
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You will see a window open to close the trade. Click the yellow close button.

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Trade $ 1 profit has closed.

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Now your new balance is $ 5001

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That's all for today ....

#forex #market #trading #forexmarket #dollar

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