CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Risk Warning.

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Placing a Market Execution Order

Posted on: 21 July 2014 , by: Pepperstone Support , category: MetaTrader 4

Placing a market execution order is widely used in the forex market.  It is the most simple way of opening a trade. By completing this method, you are opening a trade at the time of the completion of the order at the current market price. The order is then sent into interbank market to be filled.

In the "Market Watch" window of the MetaTrader 4 platform, follow these steps to place a market execution order:

1: Double click on any currency pair you would like to trade.

Placing a Market Execution Order

2: The "Order" window will appear. Update all fields related to your market order such as the volume (trade size).

Placing a Market Execution Order

3: Click "Sell by Market" or "Buy by Market" to submit your order to be executed at the best available price.

Placing a Market Execution Order

4: Once executed, the order will display in the "Trade" tab of the Terminal window.

Placing a Market Execution Order

In the trade tab you can make modifications to open orders by right clicking on an open order and choosing Modify or Delete Order. Under Modify and Delete Order you will be able to specify a stop loss and take profit for your trade.