Australian (ASX) Stock Market Forum

MetaTrader 4: Buying with loss

Joined
20 December 2014
Posts
13
Reaction score
0
Hey all, might be a stupid question but I'm new to the game so please be nice ;)

I'm currently using a Demo Account (AlpariUK) practicing trading Forex using Meta Trader 4.

When I trade in Meta Trader it's never at the current market price?
Using single click trading... If i was to buy/sell respectively the USD/EUR or something similar as soon as I take action I am already instantly at a $5- $10 loss? Although the price hasn't even moved.

Only reason I ask this is it is messing up my stop losses also. They are closing many pips prematurely because of this.

Thanks guys,
 
Joined
17 August 2006
Posts
5,483
Reaction score
4,607
Hey all, might be a stupid question but I'm new to the game so please be nice ;)

I'm currently using a Demo Account (AlpariUK) practicing trading Forex using Meta Trader 4.

When I trade in Meta Trader it's never at the current market price?
Using single click trading... If i was to buy/sell respectively the USD/EUR or something similar as soon as I take action I am already instantly at a $5- $10 loss? Although the price hasn't even moved.

Only reason I ask this is it is messing up my stop losses also. They are closing many pips prematurely because of this.

Thanks guys,

No genuine question is ever stupid:)

Just checking you understand the terms "Brokerage" "Spread" "Bid" and "Offer" ..... When you make a trade, you have to pay your Broker a fee for the privilege of him being able to take your money:rolleyes::D

Google search all those terms and it should make sense fairly quickly
 
Joined
20 December 2014
Posts
13
Reaction score
0
No genuine question is ever stupid:)

Just checking you understand the terms "Brokerage" "Spread" "Bid" and "Offer" ..... When you make a trade, you have to pay your Broker a fee for the privilege of him being able to take your money:rolleyes::D

Google search all those terms and it should make sense fairly quickly

Oh yep! Of course... I just realised how ridiculous my question was. Ah well :bonk:
Thanks for your help mate
 
Top