 Alright guys welcome back now. I'm gonna be discussing some of Metatrader's orders that we can place. This is Naveen Prithyani from Urban Forks internship training program. Now let's take a look. Now we are looking at Euro USD on the 15-minute chart and we see that this is the current price. So at the rate of 1.3094 let's say we want to go ahead and sell at this rate. Let's say we take a look at this and we're like okay the markets are gonna head down okay. Remember when you're trading you know your your currencies to a simple way to look at it. If you want the base currency to go up you're going to hit buy. If you want it to go down you're gonna hit sell. In Forks you can make money either ways and whether you're going buy or a long or if you want to go sell also known as short okay. So in this particular case I am going to sell because I think the markets are gonna go down. I'm gonna sell one mini lot which is 0.1. I click the sell button. What I've just done is what we call a market order. I've placed a trade on the market price okay. I did not expect the market to go to a certain price and then execute okay. Now for example if I want here are my running trades. Take a look. I have a sell at one mini lot for this price currently running at negative two dollars which is approximately negative two pips. Now if I double click this you can see my SL stands for stop loss. TP stands for take profit also known as limit order. If I want to set these I just double click it over here and it asks me where I want to set my stop loss price. For example since I'm selling if the market actually goes up from this green line that's when I start making a loss. I want to say I do not want to make a loss more than this price here. 1.30995. 30995 is my stop I want it to be. Alright let's make a little bit higher. 31040. 31040. Okay now I have just placed a stop order which means if this trade goes here and it touches this price I will close into this is going to be my maximum loss I can accept. It will close automatically. Even if the price goes further after that I do not take any more losses other than this much. Same happens with a take profit. You can also set a limit. It's called a limit order as far as how much a profit can go. So let's say I'm expecting the market to go down till here at 30770. Okay so let me type this 1.30770 and I'm going to modify. Okay now I see my take profit is over here. You can also see it here 30770 which means if the market goes down and it touches this area your profits are booked immediately. Even if it goes down here and within a split second it goes back up towards here you book your complete profit over here. Okay so this is useful in the forks market because the forks market does not move slowly it tends to swing and you can see the prices fluctuate quite fast. So making use of both of these orders are quite nice. Now I'm going to go ahead and close these trades. This was just for a sake of an example. I'm going to double click here. There's a close button here. I am closing now at market price which is a market order. I am placing a market order to close. Okay now there is another word which is called a stop entry. Okay what is a stop entry? Okay this is the current price that's running right now. Okay a stop entry is if I want a stop buy entry. Which means simply this. Let me make this bigger. I want to buy above the current market price. So let's say I want once the price reaches let's say here 3.1.1.2 I pretty much know that the market is going to continue long. So I'm going to continue buying from there. So what I'm going to do is I'm going to place a order right here which is called a stop entry order. Right click, put trading and a buy stop. Once I click it I can set the price at 3.1.1.2.5. Okay 3.1.1.2.5 to place and there we go. Now there's you can see here on my trade there's no trade actually running. There is a stop buy stop entry though which means once the market reaches this area a buy is executed. Now you can add stop loss and take profit to this also if you'd like. You just simply double click it. Put your stop loss here. Put your take profit here and click modify. Now a stop and this is a buy stop entry. There is a sell stop entry also which means you want to sell below the market price. Let's say 1.3076. If I just put my mouse around that area right click trading sell stop. I click place and voila I have my sell stop entry. You can see nothing is still running. It just means once the market touches this my sell opens. Now these are the conditions for a stop entry. Let's go ahead that's the terminology that it's used. It's called a stop entry to go above from the current market or below from the current market. Let's go ahead and close these. Delete these orders. Double click and delete I no longer want them. Now let's take a look at the other option. The other one is called a limit entry which means above the current market I want to sell and below the current market I want to buy. So this time we're going towards the current market not away from it. This is what we call a limit entry. If I expect the market to go up till here and then I want to sell that is what we call a limit entry. Let's say this is the price I want to place. So I'm expecting the market to go up to here and from here to drop. That's when I use a limit entry. Same happens down here. I'm expecting the market to come down here. I can place the order here to go up towards the current price. That's what we call a limit. You're going towards the current price that you see as of right now. Remember all of these orders you can also place your stop loss and take profit and you can simply walk away and your trades will be executed with the proper stop losses and take profits also. Remember all of these orders in the 4-X market are absolutely free unlike the stock market. They charge you for all this. In the 4-X market using all of these orders are absolutely free. So take complete advantage of them. Hope this was easy to learn and it made sense now that there was a video tutorial and thanks for watching.