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
Select the currency pair or instrument
Current price displays automatically
Step 2 - Set Trade Size
Enter your Volume (lot size)
Minimum: Usually 0.01 lots
Maximum: Depends on your account balance
Step 3 - Select Order Type
Market Execution: Trade at current price
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:
Click the Buy button
Trade executes at Ask price
For Sell Orders:
Click the Sell button
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.