Your first trade: The foreign exchange market, also known as the forex market, is the world’s most traded financial market. We’re committed to ensuring our clients have the best forex market education
We know a lot about forex. Demo account opened successfully. Now we’ll start the trade. This article will be discussed in how we can close a trade open.
After logging into MetaTrader account, you will see this screen.
To open trade on EURUSD, double click on the EURUSD from the “Market Watch” window.
A window like the one below will open. Click on “BUY” if you want to buy EURUSD.
The following will be a trade open. Due to the spread, the trade will open in some loses.
To set Stop loss or Take profit, double click on SL or TP.
A window will open. From there you can set Stop Loses and take Profit.
See stop loss and take profit are set. Trade will be close to the price at the price.
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, the trade will be closed automatically. But if you want to close it now, double click on the profits.
You will see a window open to close the trade. Click the yellow button to close.
Trade has closed with $1 profit.
Now your new balance is $ 5001.