Lesson 4 of 84:054 Sources
Executing your first trade (on demo)
Video coming soon
Educational content, not investment advice. Nour explains how markets work. She never tells you what to buy or sell.
A complete trade has five steps: written plan, calculated size, execution with stops, follow-up, and journaling. Example (hypothetical, demo): $1,000 account, entry near 1.1850, stop at 1.1830, target at 1.1890.
- Risk 1% = $10; $10 ÷ 20 pips = $0.50 per pip = 0.05 lot (a full lot is 100,000 units, $10 per pip).
- In MT5: F9 → New Order → set volume, Stop Loss and Take Profit before clicking Buy.
- Outcomes: about +$20 or −$10 before costs; stops can fill at a different price in fast markets.
- Never move the stop further away; log every trade.
Quick check
Three questions. Pick an answer to see why.
1.Account $1,000, risk 1%, stop 20 pips on EUR/USD. What size?
2.Price approaches your stop loss. What is the correct rule?
3.What does MT5 show if you enter an incorrect Stop Loss or Take Profit level?
Sources
Every fact in this lesson is backed by the sources below.
- 1.MetaQuotes MT5 Help — Performing trades (New Order)New Order via F9 or context menu; symbol, type, volume, Stop Loss, Take Profit; Buy/Sell by Market; 'Invalid stops'
- 2.MetaQuotes MT5 Help — Basic principles (Stop Loss, Take Profit)Definitions: Stop Loss limits losses and Take Profit closes the whole position at the set level
- 3.MetaQuotes MT5 Help — Forex margin (contract size 100,000)Forex contract size of 100,000 per lot (basis for $10 per pip on EUR/USD)
- 4.Investor.gov (SEC) — Stop orderStop orders become market orders; execution price may differ from the stop price in fast markets
Educational content, not investment advice. Risk warning: trading forex, CFDs, gold and crypto carries a high level of risk and may not be suitable for everyone. You can lose more than you put in. Souq Daily is an education platform. Nothing here is investment advice, a recommendation or an offer, and past performance does not predict future results.