Close A Position metatrader

To close the position, you can double click on line order

in a Terminal window (Trade). Or right click and select Close

Order. A dialog box will appear. Click the Close button.

 

 

 

 

 

 

 

 

 

 

The above steps are to close positions manually. 

The position also automatically closed, if achieved some

condition:

 

1. you hit by a margin call. A description of the

a margin call can seen on the previous page.

2. Before you've set levels Take

Profit or Stop Loss. When the price has reached

This level, the position is automatically closed. So You

no need to bother waiting any price movement

The time.

The level of Take Profit (often called Exit or Target Price) is

the price is set a level to get the level

certain profit when prices touched on this point, a position will

closed automatically. For example, you buy a GBP/JPY at

148.12 level, and then you set the Exit Target in 149.12. When

the price touched the level 149.12 then your position will be closed

automatically.

Stop Loss level (often called level Cut Loss) is a

price levels set for reducing the potential loss

larger. When prices touched on this point, a position will

closed automatically. Example you buy a GBP/JPY at

148.12 level, because you are only able to loss 100 pips, then You

set a Stop Loss at 147.12. The position will be automatically closed,

when price touches the level 147.12.

Please note that how large Stop Loss level

or Take Profit can set strongly depends on the 

 

 

 

 

 

 

 

 

 

 

 

 

policy broker. Misalnva there are brokers that limit that

Stop Loss and Take Profit should be a minimum of 10 pips from

market price.

You can set the level Take Proflt and Stop Loss on

When opening a position.

If successful, set the Stop Loss and Take Profit, then

the changes will be visible in a Terminal window (Trade).

Understanding Balance, Equity, Margin

If you notice in the Terminal window (Trade), in addition to

shows the profit you get, there are also

description of Balance, Equity and Margin.

Balance is the balance of your funds. While Equity is

the balance of funding coupled with the floating profit or loss. so the Equity

are the funds that will be accepted if all positions are closed.

                    Balance = Equity + Margin.

Now we go on the Margin. In a Terminal window (Trade)

There are two types, namely, Margin and Free Margin. The first,

The margin is the margin that have been used (used margin),

and the Free Margin is the margin that can still be used

(available margin). _

So what is a margin? Arguably

the margin is a fund that can be used for forex transactions.

Suppose in the above example, you have a standard account.

Leverage 1:100. Balance or the balance of funds of $10,000. You

opening a long position of 1 lot EURUSD price 1.2748. Then

the margin has been used is $1274.8.

This figure is obtained from 100,000 units of currency X

1.2748 = $127.480. If no, you need to leverage the funds

$127,480. But because there is a 1:100 leverage, just need the funds

1/100, namely $1,274.8 to open 1 lot EUR/USD

priced at 1.2748. This is the margin that is already in use.

           margin Forex Currency Unit = x Price x Leverage

The rest of the margin or free Margin that has not been used is

$8,885.20. This number is obtained from the Equity reduced the Margin. so

in the above example $10,160-$ 1,246.80 = $8,885.20.

                    Free Margin = Equity-Margin

While the Margin Level is the ratio between Equity and

The margin. In the example above, the Margin Level = $10160/$ 1Q74,80 X

100% = 796,98%. The smaller the number, the more this percentage

dangerous, because it would mean too many already use

the margin.

                   Margin Level = (Equity/Margin) x 100%

Calculate Gain Or Loss

After opening the position, in a Terminal window (Trade), you

can see advantages and disadvantages You in units Unit (pips) or USD

.

Profits in forex trading can be obtained when the price

go up or down. The advantage of the difference in open positions

and close that can be achieved in two ways, namely:

If your position is LONG (buy in price

low) then sell (closed position) at a price of

higher (when the graph GOES UP then you will

Fortunately)

If your position is SHORT (selling prices in

high) then buy (closed position) at a price of

lower (when graf1k is DOWN then you

will profit)

How to calculate the profit or loss is as follows.

For example you have a micro account, open a position sell 1

lot of EUR/USD at 1.4906. Even then the price goes up in 1.4925.

Means you lose-20 pips. Because every pip in micro account

worth $0.1 then your loss is:

= 0.1 X-19

=-1.9 USD

Us $0.1 is the value each 1 pip per 1 lot in the forex pair

USD-based such as EUR/USD. When you are trading in pairs

other Forex calculation is somewhat different. Moreover, if the

a commodity or index. The table below shows the value of the

each 1 pip in different types of accounts.

How to begin trading forex trading

Opening Position

For forex transactions, you must first open the

position (open a position). These positions can be LONG (BUY) or

SHORT (SELL). Note the Market Watch window.

Double click on the

forex pairs

to open the

the window Order

Symbol = shows the currency pair you can

are operating with.

Bid = indicates that there are other interested traders

have currency in these prices.

Ask = indicates that there are other interested traders

undoing the currency price.

High = show position is the highest value ever

accomplished on this day.

Low = indicates the position of the lowest value ever

accomplished on this day.

To open a position, we should use dialog boxes

Order. Do I click two times on the currency pair

desired, or right click on it and select currency pairs

New Order. Or use the shortcut F9. The dialog box

Orders will appear.

forex symbol, whether checks in accordance with the desired.

Then determine how much of the lot who want to deal in

Volume.

Note that in the Type, is selected for Instant Execution.

This means that we sell or buy at the market price. When

buy means we buy at the price Offer. Whereas when you Sell,

means we sell at the Bid price. Because of the type of Instant

execution, this order will be instantly executed and appear in

a Terminal window (Trade).

For example, if we open a long position on the conditions in

the top, then the order will be executed as much as 1 lot with position

buy at 12768. Order or an open position will be

appear in the Terminal window (Trade). Each order will be given

the number, which can be seen in the first column. The order also appear

in the chart as a dotted line.