Forex Order Placement

SUMMARY

How to place orders for your forex positions.


FOREX ORDER PLACEMENT IN DETAIL


What is Forex Order Placement

It is important that you understand Forex Order Placement and place them appropriately  as there are two type of order placement. It should be place on how you are going to trade them as a plan, their entry price with Stop Loss and Target Profit. Hantamfx will show you.


How to Forex Order look like

  • Step 1 : From the Tab Click “Tools
  • Step 2 : Select “New Order” or “F9” for shortcut

Forex Order Placement

  • Step 3: The order Box will appear
  • Step 4: There will be Market Execution and Pending Order
  • Step 4: Let do some scenario

hantamfx is a student

Scenario 1: Mr Hantamfx wants to trade EUR/GBP

  • Volume @ 0.2 (20,000 Units)
  • Long @ 0.7000
  • Stop Loss @ 0.6960
  • Take Profit @ 0.7500

Forex Buy Limit Example

Forex Pending Order Set Up

  • A) Check that the currency pair is correct
  • B) Select Pending Order
  • C) Select Order type Buy Limit as hantamfx wants to Place long order below current Price
  • D) Enter the volume 0.2
  • E) Order Price @ 0.7000
  • F) Stop Loss @ 0.6960
  • G) Take Profit @ 0.7500
  • H) Hantamfx wants the order to expired @ 2015 Oct 17 23:06
  • I) Once confirm Hantamfx will click place to submit order

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FOREX WINNING

TRADES & LOSING TRADES


"Live" actions and reviews from our students directly from our social media accounts. We don't tweet winning trades only. We tweet losing trades as well. It's just that we have more winners. Follow @terraseeds in twitter for live trades and forex ideas.



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