Education & TrainingMay 6, 2021February 29, 2024 Forex Trade1

How to place an order in the Mt4 account?

MT4 have two transaction types:

Instant/Market execution
Pending order

Instant/Market execution

?If you want to execute your trades instantly in the live market, you can select this option for the trade.

?Trade will execute instantly as per the BUY or SELL order.

Pending Order:

?The set opening price does not change regardless of large changes in the currency price surrounding volatility.

?You can calmly wait out the speculative market or use the full potential of news trading.

?A pending order will be executed immediately, without delays.
Automatic opening and closing of order.

There are several types of pending orders:

BUY LIMIT = a buy order at a price below the current market price

SELL LIMIT = an order to sell at a price higher than the current market price.

BUY STOP = a buy order at a price higher than the current market price.

SELL STOP = an order to sell at a price below the current market price.

Complete information provided with the simple image format so that each forex trader can easily place the order in the Mt4 account who is a beginner in forex trading.

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