How To Enter A Trade On Metatrader 4

hey what's going on everybody this is Gavin Robinson and thanks for checking out this video man I am going to break down a few guys how to place a trade on your metatrader4 mobile app I have an Android device so if you have an iPhone it will look slightly different but you know the functionality and principles are pretty much the same alright so when you first open your metatrader4 app you're gonna see the cool screen and if that's look to the bottom left this icon this is what I will show you your codes right next to it will show you the charts and then right there next to that will show you there are any active trees you have running and then right next to that that man that icon the next icon is going to show your history so if you have any closed out trees it's going to show you that your overall profit for the day and if you want to customize it and see what you did for the week you can click on the top right icon that looks like a calendar and that's gonna allow you to choose you know if it lasts me last month etc alright so let's jump to the course screen and go and execute a trade now you're gonna look for the current superior you want so you must know this up you know beforehand and if you do not guys see the current superior listed that you want to execute a trade for all you simply do is click on the plus sign to your top right alright and then you can either open one of the folders if you know I thought it what you're looking for or you can click on the magnifying glass and type in search the current superior you want to search for so let's look for mmm a Great Britain palm pair since I like trade integrate with a bone GBP and then hit Search so boom alright any grip it hippo impairs it will come up and if you don't see it come up guys it just simply means you have to manually go through the folders and look for them I that happens sometimes so I'm going to select euro to grab in the problem so then we're gonna hit totally fair go back go back I should be at the very bottom boom there is so let's execute a trade no on the euro to Great Britain pound no you can click hold down on it right when you once you click on the currency pair you want to execute the trade on you're gonna see new order right look at the chart so I'm gonna open the chart first to see you know what whereas I'll be gonna enter so this is an overall don't range so that's this that's the scope of the trend because you know they say the trend is your friend right so this is a downtrend so what we gonna do is sell so when it's going down it's a sell when it's going up it's a buy these red bars ourselves so it's a don't trend you can see overall it's going down so we're gonna place a sell on euro GBP so you go back to the screen click new order the bright top you see market execution no if market execution all this simply means is this is where you instantly enter the market right I don't want you guys to click on market execution and you're going to see four other options and these other options are called pending orders now if pending orders it just means you're not going to enter the market immediately the market well your order your trade order is going to be activated once price hits the point that you enter there all right so that's we're gonna do a market execution then go back and enter you know one of these pending orders now if a market execution let's start underneath market execution and you see a point zero one which is what we call a lot of sites a lot of sizes simply determines you know our level of risk which will determine the amount of money we make or lose all right so point zero one is ten cents per pip and if you change this to you know point one zero that would be a dollar per pip and if I change it to one alright point zero zero that would be ten dollars per pip so for this demonstration case we're gonna use point 1.01 right alright so $0.10 per pip no underneath that you guys can see the red is a red filled with zeros that's very poor I'm gonna put our stop loss and then there's the field on the right with the green which we gonna put our tare profit now stop-loss is your safety net that's gonna prevent you from you know losing all the money of your account and to the right the tare profit is simply you speaks for itself it's gonna take that's really take your profits all of the market so in trading you know we you know we make our money you know from let me enter the market for me exit the market so this is basically how you're gonna get you don't have to be staring at your phone all day to close up trades you know once price hits any of these areas automatically then your your trade will be closed alright so let's talk about you stop-loss know yeah since we're gonna place to sell we're gonna need to place a stop loss above the current price so the campus as you can see is a at 7:06 so we need to press place a price higher than a 7:06 so let's place is seven three three zero and then our tier profit meaning that price will drop lower you're gonna put that at eight six five alright so there we have our stop loss guys you always want to trade the stock lots of and execute and practice proper risk management and you know in terms of risk management that's really what you two ladies you know your Lord says you know in accordance to the bonds that you have me your account so we're placing the sell you're just gonna hit celebrate market you're not going to pay somebody because if we try to face a but it's gonna give us an error and we'll click on it right now because you know I don't want to go over all that again but yeah celebrate market a boom you're automatically into the trade as you can see here guys euro to the Great Britain poem is actively running you can click on it to expand to see you you see your day where you enter the current price all right if you can see stop-loss etc also the Commission because you know every time you're at any market you know your broker is gonna take a take that little commission usually takes out the Commission depend on your broker any type of account you have all right so let's talk about well uh I had a current a trail running before as you can see my balance went from $50 so for the 70 so let's look at the history now and here you have right history shows you a losing trade because that's where it closed though I had you know stop-loss pretty close it was just for demo purposes so I didn't do any analysis or anything but yeah that's where you would go to see you know your as I said summary for your day know if you want to modify it guys I'm an existing tree the current tree you know what you would do is simply go here hold on it and click on modify order and then you can adjust any of the parameters so let's adjust our stop loss you're gonna change it from a 7 3 to 8 7 4 to click on modify and that's good to go right now if you go I'm gonna hold down here again but click on chart and now when I do that you guys can see alright if you look closely these little dotted lines going across you can see SL as where my stop loss is and for my arm for my take profit boom you can see it right there anyway I just that this circular comes up guys this allows me to change the timeframe so as you can see here m1 is a miniature and five five minute 15 minute 30 minute one hour for our daily weekly monthly chart all right that's all that means but I'm gonna go through that in another video but so we have entered our trade and it what's the next thing I said I was gonna do oh yes enter one with a pending order so you can enter multiple trades you know if the same currency pair so let's go here and enter a new order for the very singing great with a poem but this time we're gonna do a pending order you're gonna do a sell stop all right meaning that venturi when the arm when the price gets to this point all right actually let me do a buy stop so I'm anticipating a demon analysis anything you know what at some point the market is gonna reverse and price is gonna get you know maybe eight eight five three all right so whenever the market gets to eight eight five three zero I am automatically gonna enter the trade and I would have to be stand on my phone for that it's gonna happen immediately I'm actually gonna trade know at a dollar I asked you two dollars per pip right two dollars for pit and I'm gonna enter the price point so the price since we're placing a buddy has to be above the kind of price so we're gonna use 88 um six seven six seven five and I stopped loss which has to be lower than the current price it ain't for zero seven all right you could place and pull so as you can see it's different no there's nothing running because it's a pending order this is gonna stay here until you know as you can see look above guys all right let me expand this a little bit you can see by stopped here is good so that's gonna stay there until you know price whenever price gets there if it ever gets there but you can always go back and delete it if you change your money you don't think you know it's not gonna hit there anymore it can come back and delete it alright so guys that's it for this video hope you've learned something if you did please like share scribe to my channel and if you found any value man you know share with somebody share with somebody right so stay tuned to the next video thank you so much for watching and preciate you guys if you are not involved with our company you know I mean definitely reach out to me or who are very invited you to see this video because I've never done treating I'm sorry I've never treated before us before you know getting involved with our company and you know it's really been amazing I'm learning a lot as you can see and I can now teach others if you're interested in learning this skill definitely reach out to I know like I said whoever share this video with you or get back to me alright thanks a lot be great

Channel: Gavin Robinson

Views: 255,371

Keywords: how to place a trade, how to enter a trade, forex for beginners, forex basics, imarketslive forex academy, how to learn forex trading basics, free forex training

Id: 0iagQuSxr8A

Length: 11min 52sec (712 seconds)

Published: Fri Nov 09 2018