Good Day to everyone and "Welcome" again in my blog.
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Hope you are all doing great.So, I am continuing, as I told you before.This will be 11th consecutive article on the "Forex learning". Writing or talking about Forex, never got me bored. Hope, you guys also find its interesting. For the people, who just got here today, this is my successive article on Forex learning. This one is the "Eleventh/11th"one. Here the previous ones-
2.Learning Forex
3.Learning Forex
4.Learning Forex
5.Learning Forex
6.Learning Forex
7.Learning Forex
8.Learning Forex
9.Learning Forex
10.Learning Forex
Our today's topic is your "First Trade". I mean, how will start your trade in the market. I will discuss every single steps one by one. So, be attentive and also open or do the same. How I am telling you. It will make more easy to understand. Well, let's start-
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We have learned a lot about Forex. Demo account opened. Now we'll start the trade. We will discuss how we can open a trade or close a trade.
After logging into Meta-trader account, you will see this screen.
To open a trade on EURUSD double click on the EURUSD from the "Market Watch" window.
A window like the one below will open. Click on "BUY" if you want to buy EURUSD.
A trade like below will open. Due to the spread, the trade will open in some losses.
To set Stop loss or Take profit, double click on SL or TP
A window will open. From there you can set Stop Los and Take Profit.
Look, Stop Los and Take Profit set. Trade will be close to that price, you set in there.
The trade is now at $ 1 profit. Now your equity is $ 5001, but the balance is $ 5000. If you close the trade, your balance will be $ 5001. If the SL / TP price goes on, the trade will be close itself automatically. But if you want to close it now, double click on the profit.
You will see a window open to close the trade. Click the yellow close button.
Trade has closed at $ 1 profit.
Now your new balance is $ 5001.
So, that's all folks about your first trading.
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Well this is all for today! I am not going to put any more in it. Let's talk about the later part in the next one. Feel free to leave a comment, if you have any queries. I will try my best to give you the desired answer.
