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Introduction to MT4 Trading with Axi

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4. How do you trade on MT4?

Placing a trade on MT4 is a simple process. You can right-click the desired instrument in the Market Watch area and select ‘New Order’, or you can press F9 on the chart. Specify the trade parameters, including the type of order. Market orders are executed immediately at current market prices, while pending orders are set to execute at a future price, including limit and stop orders. To protect your trades, you can set predefined exit levels with stop-loss and take-profit options, either when placing the trade or by modifying the open position later. 

 

 

 

Quiz

1/1

How do you open a new order in MT4? Select more than one answer

A) Right-click the chart and select ‘New Order’

B) Press F9

C) Right-click in the Market Watch area and select ‘New Order’

D) All of the above