Learn how easy it is to place a trade in this quick video tutorial.
Every trader has to start somewhere. If you’re ready to start trading, but don’t know where to begin, here’s a quick rundown on placing your first trade through MT4. The process may differ from platform to platform, but the steps are essentially the same.
When you’re trading with Axiory you have 7 markets and hundreds of instruments to choose from across Forex, Metals, Energies, CFD Indices, CFD Stocks, Exchange Stocks and Exchange ETFs. In the video, we’ve chosen one of the most popular currency pairs, the EURUSD. Highlight the instrument, then double click on it to select it.
Both Stop-Loss and Take-Profit orders are instructions from you to tell us, your broker, when to close your trades. A stop-loss tells us how much you are willing to risk with your trade. A take-profit is how much you are willing to make as a profit with one trade and close it once you’re happy with the amount.
You have got to set up a stop-loss in order to protect your money. Having a stop-loss will prevent you from having big, painful losses.
Stop-loss and take-profit are simply unavoidable tools to use when trading. Both of these tools require studying and experience to master. Luckily, we have just the resource to get you started in our handy guide to Stop-Loss and Take-Profits orders.
This is the last step to confirm your order. Once that’s done you’ll easily be able to see your order and how much you’ve made on the trade so far.
To learn more about trading check out all of our trading resources or sign up for one of our upcoming webinars through your MyAxiory client zone.