Steps on How to Set a Currency Pair Trade in MT4 Software

Currency Pair Forex Trade Setup Tutorial for Beginner Traders

To setup a forex buy or sell trade in MT4 platform after learning what are currency pairs and choosing which are the best currency pairs to trade follow the steps listed on this tutorial.

Steps to Setup a Currency Pair Trade

1. Open MT4 forex trading platform
2. Open MetaTrader 4 Market Watch Window Panel shown below
3. Select the Currency Pair you want to trade - for example open EUR USD
4. Open the Currency Pair Trade order and select "Buy" order or "Sell" order as shown below depending on what type of trade order (buy order or sell order) you want to open.

MT4 Market Watch Window

All the currency pairs symbols available on the MT4 platform will be shown the same way as the example below:

List of all Available Currency Pairs Trade Symbols Shown on the MetaTrader 4 Platform

Opening Buy or Sell Order using Trade Order Window in MT4 Software

MT4 trading platform is software that is provided by a broker to help forex traders place their currency pair trade transactions.

Once you download and installs this MT4 trading software on your computer you can then begin to trade in the online forex market. All currency pair trade trade transactions are executed through this MetaTrader trading platform. If you want to learn a trading platform, MT4 Software is a good platform to begin with.

To set these currency pair trade orders, open MT4, open a "forex chart", right-click on "forex chart', select "New Order", then choose order you want to open - either sell order or buy order as shown below. (MT4 Short Cut Keys for MetaTrader 4 new order window panel - Press F9)

Opening Buy or Sell Currency Pair Order using Trade Order Window in MT4 Software