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Browse the categories below to find what you need.
What is a market order?
What is a pending order?
What is the difference between market and pending orders?
What is a limit order?
What is a stop order?
What is a stop-loss order?
What is a take-profit order?
What is a trailing stop and how does it work?
How do stop-loss and take-profit orders work?
Can I modify or cancel an order after placing it?
How do I place a trade on MT4 or MT5?
How do I close a trade on MT4 or MT5?
Can I close a trade manually?
How do I modify an open position?
What happens when I close a trade?
Can I partially close a trade on MT4 or MT5?
Why was my trade closed automatically?
What is leverage in trading?
Can I modify or cancel an order after placing it?
Yes, you can modify or cancel an order at any time before it is executed. You can also modify open trades to adjust stop-loss or take-profit levels.
In MT4 or MT5, go to the Terminal window, right-click on the order or position, and select Modify or Delete Order. This allows you to update or remove the order instantly.
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