Forex trading, learn how to trade forex for beginners

Open new order (A)

In order to start trading in Forex Market, you need to learn how to work with MetaTrader 4 platform.

Consider the example of opening and closing position. In our example, we want to place a new order for EUR/USD. Double-click on EUR/USD pair in the MARKET WATCH window, which displays the current price of the currency pair.

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OPEN PRACTICE ACCOUNT

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Open new order (B)

Choose the type of order: Buy or Sell, set the volume of transaction and other parameters of the order.

When choosing Buy or Sell by clicking the appropriate button, the order will be executed immediately. You can find new order information at the bottom of your terminal in section TRADE. Thus, we opened the position.

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OPEN PRACTICE ACCOUNT

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We care about your success.

Close your order

To close the order double-click on the relevant order or click right button on your mouse and menu will show up, as shown in the illustration. Select Close Order to confirm.

Resulting profits will be automatically credited to the balance.

Try to make money on Forex Market. Open a free practice demo account and start learning today.
OPEN PRACTICE ACCOUNT

Thank you for choosing Weltrade your broker!
We care about your success.

Example

Suppose you opened the account and made a $100 deposit. Weltrade gives you the leverage of 1:200, which means you can make transactions lot $20,000.
($100 * 200 = $20,000)

On April 2, 2009 to buy 1 Euro you would pay 1.3240 US dollars. You assume that the euro will go up, so you sell dollars and buy euros on them. On April 6, 2009 rate appreciated, and now 1 euro cost 1.3514 US dollars. For two days the euro rose by 274 points (1.3514-1.3240 = 0.0274)

The price of 1 point is $1. Result: $1 * 274 = $274 net profit!

Try to make money on Forex Market. Open a free practice demo account and start learning today.
OPEN PRACTICE ACCOUNT

Thank you for choosing Weltrade your broker!
We care about your success.