Your first trade in Forex Market

 Your first trade in Forex Market

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.

Your first trade in Forex Market

A window like the one below will open. Click on “BUY” if you want to buy EURUSD.

Your first trade in Forex Market

 

 

The following will be a trade open. Due to the spread, the trade will open in some loses.

Your first trade in Forex Market

 

 

To set Stop loss or Take profit, double click on SL or TP.

Your first trade in Forex Market

A window will open. From there you can set Stop Loses and take Profit.

Your first trade in Forex Market
See stop loss and take profit are set. Trade will be close to the price at the price.

Your first trade in Forex Market

 

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.

Your first trade in Forex Market

 

You will see a window open to close the trade. Click the yellow button to close.

Your first trade in Forex Market

 

Trade has closed with $1 profit.

Your first trade in Forex Market

 

Now your new balance is $ 5001.

 

Your first trade in Forex Market

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