How Do I Place a Trade in MT5?

Trade placement in MT5 follows a systematic process that ensures accurate order execution and risk management. The platform provides multiple entry points for initiating new trading positions.

How Do I Open a New Order?

Quick methods:

• Press F9
• Click New Order in the toolbar
• Right-click on a chart > Trading > New Order

How Do I Set Up My Trade?

Step 1 - Choose Your Symbol

1. Select the currency pair or instrument
2. Current price displays automatically

Step 2 - Set Trade Size

1. Enter your Volume (lot size)
2. Minimum: Usually 0.01 lots
3. Maximum: Depends on your account balance

Step 3 - Select Order Type

1. Market Execution: Trade at current price
2. Pending Order: Trade when price reaches your level

Step 4 - Add Risk Management

Stop Loss:

• Set maximum loss amount
• Enter price level or pip distance
• Recommended: Always use stop loss

Take Profit:

• Set profit target
• Enter price level or pip distance
• Optional but recommended

How Do I Execute the Trade?

For Buy Orders:

1. Click the Buy button
2. Trade executes at Ask price

For Sell Orders:

1. Click the Sell button
2. Trade executes at Bid price

Confirmation:

• Trade appears in Terminal > Trade tab
• You'll see position details immediately

Important: Check your trade details before clicking Buy/Sell. Orders cannot be cancelled once executed.