【Forex】How to execute orders and stop loss or take profits in MT4

1.Open MT4 and click “New Order”

When you click “New Order”, you will see the pop-up tab, just like below↓

2.Enter your volume

Just make sure if the currency is that you want to trade. 

 

3.Choose type of trade and execute orders

Choose either “Market Execution” or “Pending Order” from ①. 

*Market Execution is a commitment to the brokerage company to buy or sell a security at the current price.

*Pending Order is the client’s commitment to the brokerage company to buy or sell a security at a pre-defined price in the future.

 

After that, you decide which one you are going to execute an order.

Sell or Buy.

If you click either one, then the order will be executed right away. 

 

How to finish your trade <Stop loss or take profits>

The bottom of the MT4 screen, you can see the trading tab just like below. 

If you want to finish your trading, then you just simply click “cross”.

Then the trading will be finished immediately. 

However, some people still need to do something.

Some people will see a new tab just like below↓

In this case, you just click “close”, which is red square in the above picture. 

Then, your trade will be finished!