How to Place a Trade with
Instant Execution?
How to Place a
Trade with Instant
Execution?
The MT4 platform displays a small box beside the bid and ask prices.
This box is meant for enabling maximum deviation from the quoted prices. In case the price
moves suddenly as soon as you place an order, this may lead to the rejection of your order.
To avoid such a rejection, you can check the box for enabling maximum deviation from the
quoted price and mention the maximum deviation in pips that you are willing to accept.
Now everything is set. You can click buy or sell depending on your
prediction of the direction in which the market will move.
How to Place a Trade with
Pending Order?
How to Place a
Trade with Pending
Order?
On selecting the pending order option, a box will appear with the
following fields:
Type of order you wish to
place: The options available include buy limit, sell limit, buy stop, and sell
stop. You can choose the buy limit if you wish to go long at a level that is lower than the
market price and sell limit if you intend to go short at a level higher than the market
price. Similarly, you can choose buy stop if you intend to go long at a level higher than
market price and sell stop if you plan to go short at a level that is lower than the market
price.
These orders mean that you do not wish to place your order at the
current market price and prefer to wait till the price moves in a specific direction. While
a limit order is visible to the market, stop order can be seen only when it is triggered.
The limit order is filled at the specified limit price or better, while a stop order is
triggered at the specified price and is filled at the prevailing market price at that time.
This means that its execution may take place at a price different from the stop price.
The price: This is the price
you wish your order to be triggered.
Size of the position: Here
you enter the size of your trade or volume you wish to trade.
Stop loss and take profit:
This is where you select the stop loss and take profit levels.
Expiry of the order: Here you
need to specify the date and time for the order to expire if the desired price is not
achieved.
Once you have filled all these fields, click the Place button to
place the order.