BEFORE PLACING A TRADE | Vantage FX

BEFORE PLACING A TRADE

This section will guide you through opening and closing trades in your MT5 terminal.

BEFORE PLACING A TRADE

Before a trade is placed, you should monitor the price and determine the trend, in order to select the optimal point to enter the market.

You can monitor the real-time bid and ask prices of the available instruments on the Market Watch quote board and use your charts to identify trend:

Hint!

In addition, to looking at the prices you may want to look at the size, margin, swap rates and other details about the instrument that you are interested in trading. Such contract information can be found in the Market Watch quote board. Right click on the desired instrument and select specification – This opens the Contract Specification window for the instrument you selected.

Once trend and direction have been determined, traders then need to determine the type of order they wish to make.

The two basic types are:

Market Execution Order – Executes a buy or sell order at the best available price

Pending Execution Order – Enters your order when the market reaches a specific price

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