All language subtitles for 4. executing a trade

check out but this is just kind
of quite a bog industry

are some other platforms and
that are a lot more modern such

exit trades let's just say we
wanted to exit this position

back to the trade and this is
what your remaining trade

then happened and then this is
showing that that two lots that

can download scripts that will
kind of help you do a few more

right you can obviously just
manually click there as well

standard that a lot of people
use so yeah I just thought you

initially but we cancelled it
right so that's why nothing

then if you go into account
history here you can see those

much wraps up MT4 as always if
you have any questions please

feel free to drop them in the
comments below or hit us up in

know for for the sake of a
tutorial this would be the

is you know MT4 is not the only
trade execution platform there

would be two lots and then you
click close right and that will

own you know pretty decent web
platforms as well which you can

of the basic way in which you
can manually out your trade so

and then boom you're out of the
trade okay yeah so that pretty

easiest platform to to show how
you can yeah enter modify and

execution point of view using
MT4 there are plugins that you

we just closed where it was for
a $6profit right so then we go

trade and that's pretty much
kind of everything I want to

close out 20% of the volume of
your trade so now you only have

the notes below the video
another thing I'd add as well

when we look at that but that's
just so you can understand kind

do this as we get later on into
the management side of things

cover from a very basic market
for a very basic trade

as C trader and and a lot of
their own brokers have their

later date in the course but I
will link those those below in

volume is on here yeah and
that's how how you're in the

the volume this is where you
would go in and you put in the

into into multiple trades you
can have sort of more advanced

what you would do is you would
click into here where it says

out a a partial amount of the
volume so it's a 10 lot trade

you're in the trade what you
can do is if you want to close

in the price or maybe you know
you want like a five pip stop

drag that down let's see yeah
now you've got a bang on five

pip stop loss in there and now
you are in the trade okay now

you want to put your stop loss
you can either do that and type

trades that we have executed so
we had that Bylam order

pips away from the current
price level now you have that

and let's just say we wanted to
instantly get long at the ask

modify order and if you go to
market execution right now

you can obviously if you want
exactly five pips right you can

eight lots running so you
obviously understand why we'll

advanced features especially
with spitting out your trades

so you can see the the trade is
running in $40 profit, but the

actually close the trade here
so you can you can kick the X

can double click to open up the
trade window again and then

to enter at market you can
click buy or sell here or what

click copy that would put that
in there which would be five

we'll do is an at market trade
just to get in the position so

it done at about 4. 8 pips from
where you've entered and then

active that will not change or
your changing is where your

profit order right so if you
are tagged in the trade and

live in the market and we are
running a little bit of profit

profits the way you can do that
once you're in the trade in

bigger and of course you can
you know make it smaller as

fact what I'll show you is
let's get into a trade and what

turn on one click trading which
is here right so you can press

but we are actually net down
because of the commission okay

amount of lots that you want to
close out so 20% of 10 lots

passing techniques but again
we'll talk about this at a much

do that right you're not
changing the lot size of your

let's say you know for whatever
reason we want to close 20% of

five pips stop loss okay shows
you your risk there it's done

you out the trade and you can
see for a $1, 200 profit and

you would move it up to your
your break even level sorry

eventually move it to break
even right if you're in a trade

if you want to do partial
profits what you can do is you

you're only intended to risk
$400 but if you make your stop

want to add in a tape profit
you can just double click on

loss then you would put in
that's 50 points then you would

bigger then what I would
recommend you do is you

change it but just remember
that when you do that and you

ideally not hit our stop loss
right and then continue up in

the the order will be cancelled
but I don't typically tend to

you can also do which is a
little bit quicker is if you

orders so this is where you if
you're buying price will be

you can either like I said go
into trading right click and do

loss wider you're now risking
520 as you can see right with

that means you're going to have
more dollar risk right so maybe

want to buy somewhere down here
right and then we can put in

go in there and you would
want to modify the order and

at the market but you only
obviously need to put in your

the two pip stop loss so if you
do want to make your stop loss

lot size for that larger stop
loss okay so that's just

four pips and that's your risk
with 10 lots over four pips

trades see down here it says
your lot size that you have

commission to enter the trade
cost $70 so we are net $20 down

right that's what's in the
trade but remember you don't

orders they are it's just for
your entry order where you need

here and this essentially is
where you can quickly buy range

limit down here so what we
would be hoping was going to

orders okay and yeah now if you
want to do kind of partial

do that once you're in a trade
but I recommend if you're

do a full pip stop loss and
we'll leave the take profit

alt T or click this window here
you'll get a little pop up up

loss see how it just calls it
you'll take profit right TP

either a limit order or a stop
order so generally with the

you will need to accept the
conditions for one click

that's pretty much how we use
limit orders and I want to stop

you will sell at the bid okay
and you'll be instantly in the

a new order or click the new
order button up there or F9

to understand the difference
between market limit and stop

trading okay if this pops up if
you haven't done that before

would just click modify and
then up here this is your take

stop loss stop loss you need to
worry about what types of

lot size up here so let's say
we want to get in at 10 lots

right to pull up your order
window now if you just wanted

have any stop loss on at the
moment so you quickly want to

trade so and again let's say
you're in the trade and you

you're running the trade if it
comes up to here that will take

price then we would click buy
okay as you can see we're now

it's moving around right and
that would break even your

something to bear in mind if
you do make your stop loss

that in here as well what price
level you want the stop to be

well and you know that will
reduce your risk and you can

the trade and this is where you
can modify the trade so you

button there that will delete
the trade and then you'd

want to and then you want to
basically start from scratch

could add in a tape profit
let's say 1. 1610 and then you

empty for now and then you
would click place order and

and put in your new lot size
that you would need a smaller

pips so if it says two that's a
spread of nought. 2 pips okay

remember and then you make your
lots your your stop loss bigger

buy at 1598 so 1. 1598 now this
you can put an expiry for when

then you can click new order
there or you can press F9 to

that window will at once and
then you can obviously drag and

the price at which we want to
buy at so let's say we want to

calculator already so let's say
that we want to use 10 lots now

stop loss is so if your lot
size is staying the same

pair that we want to trade you
can put in your lot size here

pending orders there's
generally two types there's

account so this shows the
spreads here so see here where

that is a $400 risk okay on
Euro dollar so what you can do

so hopefully you should have
done that in the position size

can put in your stop loss so
let's give it 1. 1594 so we can

ask price spreads are very very
tight on this raw spread demo

we're going to look at is
pending orders so remember for

and then if you want to do a
take profit as well but you can

go up to here and click a new
order or you can just right

the technical analysis lessons
is that we mainly use limit

higher than the level at which
you want to buy at so for

see just open up the Euro
dollar chart we now have a buy

market so yeah if you do
want to stop loss obviously put

just in case the market moves
against you pretty quickly but

I don't want to focus on that
for now this is purely just

from here is you can drag and
move your stop loss like that

has gone through so you can
just click okay so here you can

whether you sign up for a demo
account or a live account with

been on trading view right
you've sized up the trade that

instance we'll put in our buy
limit right because remember we

right click any chart you can
go down to properties and you

entering a market probably try
and put a stop loss in there

a little bit different to this
you can obviously go in if you

points so if you see 40 just
divide it by ten and that is

that we wanted to get long
somewhere down here we've

already sized up on trading
view what you can either do is

you want to get in and then you
you have gone on your position

click the chart here and go
down to two trading here and

your account size right
etcetera and you know your lot

risking four pips remember it
says 40, but that's essentially

loss it will show you what
you're risking so you're

our favor so if you kind of
hover your mouse over the stop

is where you'll you'll look
into your account and then you

use that and then once you put
in your entry order then you

and the ask price there and
that that's pretty much it this

with the photo and strategy as
you'll learn as we go through

account balance and history and
if you go into that tab there

account down here if you
haven't done so already so

calculator and you've put in
there your your stop loss size

then that successfully tells
you that you know your order

happen is price is going to
come down tag us into the trade

and you can see that between
the difference between the bid

size and now you are ready to
enter the market so let's say

pull up this window so Euro
dollar that's obviously the

into the market at the current
price you'll buy at the ask or

can just drag and drop any pair
into the window and it will

if you just click sell or buy
that obviously just put you

they didn't actually have a
native Mac app but they do now

if you want to see your prior
trade so let's imagine you've

populate that pair of course
you can flick through the time

frames up here right and you
got your bid price you got your

pairs over here as well kind of
you want to load those up you

have your your trades will be
shown down here and your

about focusing on trade
execution so you have your

and obviously they also have
the phone apps as well so once

have something that looks like
this now your charts might look

you've downloaded that you you
can do is and you will have

basically a piece of very
horrible looking software

really old school looking
software almost like Windows

can start to play around and
customize with the settings but

make sure you practice with the
demo account to familiarize

actually have a native app for
Mac Mac OS if you do if you

both your stop loss and your
take profit it's just your

you don't need to worry about
the different between you know

yourself with the different
types of orders and

2007, but yeah that's
essentially MT4 login with your

which is a very execution
platform for Trading FX so you

what we're going to do is we're
going to take a look at

so you can download that here
or whatever platform you're on

can download MT4 from their
official website they do now

differences so hopefully all
those orders make sense and

and when you need to use the
other because nowadays brokers

as they all tend to have you
know very slight and nuance

now only need to understand the
different types of orders for

when you are entering the
market because for your stop

specifically to whatever
brokerage platform that you use

setting limits or stops or
whatever when you're looking at

exits. Now if you have never
really traded before you know

whatever broker you use you can
punch that into here and you'll

loss so you don't need to you
know remember if it's a buy

it says one or three that's
micro pips that's not actually

difference and then likewise
for your profit target the

just say stop loss so you don't
need to worry kind of about the

intuitive for setting your
trade orders so you pretty much

there for you and also you have
to put the price but it will

we typically use to enter the
market. We just use them for

don't have a Windows system as
yeah for for a long long time

stop or a sell stop your broker
will just put your stop loss in

of orders are confusing and you
know when you need to use one

orders to enter our positions
and sometimes you might use a

enter the market the majority
of us will be using limit

entries that you kind of need
to understand the difference so

sell back your long position to
the market now one of the other

be filled at the price level
you specified or worse so that

you can be stopped out
sometimes for a slightly worse

need to buy back your short
position from the market right

the current market price. Stop
orders are not something that

loss the broker will pretty
much just call it your stop

have made their platforms
extremely simple and pretty

executing a trade using a
execution platform called MT4

market order you know if you
need to just quickly get in at

orders to enter positions but
it is just unavoidable with

broker literally just calls it
your take profit order you know

your stop loss order will be a
sell stop because you need to

likewise if you are in a long
position then you want price to

is something just you know bear
in mind if you are using stop

stop losses and it's just the
cost of doing business you know

but in case it doesn't and you
know it keeps going up and it

don't worry of all of these you
know slightly different types

price than you had intended.
Now with the photon strategy to

keep going up but if it doesn't
and it keeps going down then

differences between stop and
limit orders is that you can

goes against you then your stop
loss is essentially a buy stop

order or better so what that
means is that sometimes you can

experience negative slippage on
stop orders so you will either

the current market price so
with these orders you are

for a sell limit you can get
slipped so that you're selling

order because if price keeps
going up against your short

you in but then the price will
keep going in that same

buy at a specified price or
worse above the current market

hoping that price will come up
or down to your level and tag

position you will be stopped
out with a buy stop because you

always be using a stop order
for your stop loss so if you

direction now both limit and
stop orders are used by traders

at an even higher price which
is ideal now the other type of

are in a short position you
obviously want price to go down

depend on your strategy of how
you wish to enter the market

price or you sell at a
specified price or worse below

to enter positions some traders
will only use limit orders some

price well because you are
buying this actually works in

however whether you are already
in a long or in a short

will only use stop orders and
some will use both it can

your favor right because you
have now bought in at an even

price then there are a couple
of options that you can use.

position no matter what your
strategy is you will always

you hope that price will come
up to your order tag you in and

lower than where the current
market price is trading at. So

slips you a little bit so you
actually get filled at a lower

lower price which is obviously
a good thing right so the same

The first is a limit order
which is where you buy or sell

have a buy limit and price
comes down to your order but it

current bid price. Now if a
trader wants to enter the

order is called a stop order
and a stop order is where you

should be guaranteed by your
broker to be filled and

execute trades in the market
and the most basic order is

current market price. So if you
set a buy limit order then you

are setting an order to buy the
instrument at a price that is

experience slippage but it's in
your favor so let's say you

current ask price and if you
wants to instantly you know

then reverse back down in your
favor now with limit orders you

going to come down to that
level where you set your limit

where you place your order
above the current market price

executed at the exact price
that you specified in your

direction so a sell limit is
obviously the exact opposite

market at a different price
level to the current market

order it will then hopefully
tag you into the trade and then

sell an instrument then you
will get filled at the best

just whatever the current you
know market price level is you

hopefully price will continue
going up in the original

instantly buy an instrument you
will get filled at the best

or bid price so it's when
you're just looking to

you would set your limit with
the intention that price is

at a specified price or better
that is below or above the

instantly get into the market
and you don't really care it's

just either want to sell or buy
or obviously just exit your

called an app market order
which essentially is just when

position at that current market
price so if you just want to

a trader wants to buy or sell
at the current best market ask

the community.

Now there are few different
orders that you can use to