Unlike limit orders, you can't specify a price when placing market orders because market orders use the current rate. The order gets executed as soon as it reaches the market, so the order will go through faster than a limit order.
Here we will look at how to close an open position on MetaTrader5 (MT5). You can close a position from the Toolbox or chart.
Click the "Trade" tab of the Toolbox and double-click on the position you wish to close.
Or, right-click on the position you wish to close and select "Close".
Or, right-click on the dotted line on the chart which indicates a position and select "Close".
Once the order is executed, the order details will be shown in the "History" tab of the Toolbox.
Manual production consultant, MBA
Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.
Systems engineer, MetaTrader administrator
After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.
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