TAKE YOUR FIRST TRADE

DON'T TAKE YOUR FIRST TRADE IN A LIVE ACCOUNT.
ONLY TRADE IN A DEMO ACCOUNT UNTIL YOU ARE COMFORTABLE WITH EVERYTHING HAPPENING.

If you just learned something. STOP. You need to go back to the beginning. If your like, dude I am in my DEMO account then you are in the right place and on the path to success.

Start MT4 / Open EUR/USD



Right Click / Set your 5 12 50 100 Template         ( Whats the 5 12 50 100 Template ?  )

Look at the 2 red lines.  Are they going up then you will BUY.  If they are going down you will SELL.   (This is not the only criteria for making a live trade.   This is only for your first DEMO trade so you can see what is going on.  It doesn't matter if this trade makes DEMO dollars or looses DEMO dollars.   Just get your feet wet.   Make sure you are on the Day Chart.

Since our red lines are headed down we will SELL.   New Order.   Sell By Market.

You have just placed your first trade.   Watch it appear in the Open Orders section.   You don't have any STOP LOSS or TAKE PROFIT set so don't let the trade sit too long.   When you are done watching the trade close it by Right Clicking on the trade and closing.

Your trade will then move to the History Tab and you will have completed your first trade.



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