Forex Order Placement Guide

Forex Order Placement

SUMMARY

How to place orders for your forex positions.

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.

• Step 1 : From the Tab Click “Tools”

• Step 2 : Select “New Order” or “F9” for shortcut

• Step 3: The order Box will appear

• Step 4: There will be Market Execution and Pending Order

• Step 4: Let do some scenario

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

• 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