quick q's on orders

hey fellas,

Just a couple quick questions.

1) Im using metatrader off fxcm. It does not give me the option to adjust my leverage everytime i place a trade. Is this a common feature? How do i change it? Its set at 200:1 at the moment and i remember setting it at registration.

2) I have placed a sell order on EURUSD and forgot to pput in the stop loss.lol. Silly mistake i know but i cant seem to figure out how to put it in now after ive already actioned the trade.

Thanks alot again.
Clarke

FXCM does not offer MetaTrader, so I'm assuming you have a demo account with broker who does:
1)...you set your leverage level at time of account registration.
......if you need to change leverage level you'll need to request a new account.
2)...you right click on your order in terminal window and click "Modify or Delete Order"
.....then set your "Take Profit" price and click "Modify..." at bottom of that window.

I assume you are using InterBankFX...They are the ones using metatrader, where you define your leverage at the registration step, and this platform is the one which produces the most dilemma when you try to modify your order...

As far as I remember, right click the order as if you are going to close it out, and then you will see a window which you can enter stop loss and profit limit target...It was something like that anyway, I can't precisely remember....


Thanks,

Nader

thanks guys..that seemed to work.

Ur right its not fxcm, my mistake. Its actually fxdd.

Its kinda strange that you cant change your leverage on each trade. Any reason why its like that you think?

and they dont seem to have a glossary or any help file to show what everything on the platform means..so if anyone could gimme a quick explanation for the following...would be great...

what is comm and swap...i placed two orders and paid and recieved money on the swap but wasnt charged on comm. any ideas?

thanks again guys!

"Comm" is short for commision. Some brokers charge commision and some dont.

"Swap" is a debit or credit paid as a reflection of differences of interest rates in the currency pair countries.
If you hold a currency pair through the end of the trading day and into the next day you pay or receive the Swap.
For example, if you are long GBP/USD and US interest rates are lower than UK interest rates you will earn a credit.
If you are short the pair, you would be debited.

Liquid4x...ur the man!...thanks alot

well

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