Patience Many traders lack the patience needed to be successful traders. This is especially true for beginning traders. Many beginning traders and seasoned traders as well, get too caught up in the day’s movement. Traders often get overly excited or overly depressed about what happens during the day. Getting excited or depressed certainly is warranted when there is a significant move much more than normal. However, stocks typically move in an up and down fashion, and price swings from day to day are to be expected. The key ingredient for […]

When placing orders on the MT4 platform, you have 2 basic order types. Market orders will execute as soon as you specify buy or sell. These market orders do not allow you to specify a stop loss or take profit as part of your order. After a market order executes, you can modify the order to put in a stop loss and/or take profit. The other order type is Pending Orders. A pending order is waiting for a condition to be met before the order executes. The condition is based […]