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.
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