“Trading Operations

 > Explanatory Article by Marios Kyriakou, MSc Economics


About the author: Marios Kyriakou has a bachelor’s degree in Economics from the University of Cyprus and a master’s degree in Economics from the University of Warwick. He is also a holder of CySEC’s Advanced Certificate in Financial Services Legal Framework and a professional in Online Trading, Forex and CFDs with more than 7 years of experience.

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<Last updated 16.04.2020>

Dear reader,

Hi! If you are interested in Forex please read carefully the below article that shows how trading is performed using a trading platform.

 

Trading

Opening of a position, or entering the market, is the first buying or selling of a certain amount of the security traded. A Position can be opened either by execution of a market order or by automatic triggering

of a pending order.

 

a) Market Order

New Order — open the “New Order” window where one can prepare and place a market or a pending order for the symbol selected.
> one can specify the Stop Loss and Take Profit levels on preparation.

By choosing the lot size and clicking BUY or SELL button you immediately send a market order from your account. This order is sent to the server of the Broker that offers you the brokerage service.

 

b) Pending Order -New Order — open the “New Order” window where one can prepare and place a market or a pending order for the symbol selected.

At the order preparation, one can specify the Stop Loss and Take Profit levels. Zero values of Stop Loss/Take Profit orders mean that the orders have not been placed at all.

 

c) Modifying of Open Positions -Modifying of the current position consists in setting of new levels of Stop Loss or Take Profit attached to it.

To modify a position, one has to execute the  “Modify or Delete Order“. To change the Stop Loss or Take Profit values,  one has to enter the new values in the corresponding fields.

 

d) Modifying of Pending Orders: One has to execute the pending order context menu command of “Modify or Delete Order” or double-click with the left mouse button on the pending order
status bar in the “Terminal — Trade” window.

e) Single Position Close: The Client Terminal allows closing positions partially. To do so, one has to specify the amount of lots less than that given for the opened position.

 

Auto Trading

To work at financial markets more effectively, one can develop his/her own successful system of trading.

The development environment (MT4 programming) allows creating, debugging, and testing expert advisers. Experts are able not only alert about recommendation trading signals, but undertake the complete control over trading activities online.

(Auto Trading – MUST BE ENABLED)

MetaQuotes Language 4, MetaEditor and strategy testing tools are built in the terminal.

One can create the following using these means:

  • Expert Advisors — mechanical trading systems that allow complete automation of analytical

and trading activities;

  • Custom Indicators — independently written technical indicators intended for analysing of

price changes;

  • Scripts — programs to be executed only once, on request.

 

These are some of the basic trading operations. There are much more options and features.

The purpose of this article is to make you get familiar at least with the basics and the options possible through trading platforms.

Seek to learn all of them if you are interested by contacting us.


 

“I hope I am clear on this one. If not, contact us on social media and we will do our best to help you.

Thank you for reading my articles and watching my videos.”

Marios Kyriakou

Disclaimer: This article is intended for educational purposes only and does not replace independent professional judgement. Its purpose is to act as a complementary educational service to society, promoting personal development and social, economic and cultural progress of citizens. While this content has been prepared in good faith, no representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by the creator to the accuracy or completeness of the information presented or any other written or oral information made available to any interested party and any such liability is expressly disclaimed.
Risk Warning: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products involves substantial risk of loss as there is considerable exposure to risk in any off-exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of the markets that you are trading. You should carefully consider your investment objectives, level of experience and risk appetite before making a decision to trade with us. Most importantly, do not invest money you cannot afford to lose. It is possible to lose all the initial capital invested.

© HCPro Human Capital Professional Education 2018-2020 | All Rights Reserved. HCPro Human Capital Professional Education is a tradename of COME WITH ME EDUCATION LTD - Company Registration No. HE 390680.

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