How to open your first trade in MT4
You have registered an account at FBS and want to start trading?
In this video, we’ll show you how to open your first trade.
In the previous video, we told you how to install and login to MT4. If you missed this part, please watch the previous lesson “How to download, install and log in to MT4”.
You are already logged in.
The next important step is to check that you got connected:
the columns in the lower right corner should be green and blue.
It may take more than one attempt to log in.
If your first attempt failed, click “File” and then “Login to Trade Account”.
Carefully fill in your login info, pay high attention to the server.
There are two options to open an order. You can either сlick the “New Order” button in the top menu or click “Trade” in the panel below the charts, press the right button and choose “New order”.
A new window will appear.
We will sell EUR/USD – the most popular currency pair.
Set the volume of trade in lots, for example, 0.01. It’s highly important to determine Stop Loss and Take Profit levels. Before opening an order, learn about it.
Click “Sell by market”.
You made your first Forex trade! Congratulations!
The level at which you sold the pair has appeared on the EUR/USD chart.
To close the trade, choose the “Trade” tab in the panel below the charts.
Double-click your order.
In the window that pops up, click the yellow horizontal bar.
Your trade is closed and your profit is added to your account!
Thank you for watching! Continue your education at fbs.eu