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How to Place Orders in MetaTrader 4 Mobile

MetaTrader 4 is the most popular trading platform for forex. Read to learn how to place an order on it from a mobile device.

By Filip Dimkovski

Edited by Tamara Fodora

Updated March 6, 2024.

a person holding a cell phone with a chart on it

Released in 2005, MetaTrader 4 is the most popular forex trading platform, available on both PC and mobile devices. Many traders are using MetaTrader 4 mobile to open and close positions, as it's a convenient way to trade on the go. 
The platform even offers advanced charting, numerous technical indicators, and a wide range of order types with fast execution. With this guide, you will learn how to use MetaTrader 4 mobile for placing orders quickly and easily. 
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Placing an Order in MT4 Placing an order in MetaTrader 4 Mobile is easy and straightforward. Here are the steps: 
Click “New Order” to open a new trading window
Select the instrument you want to trade from the drop-down list
In the “Order Type” dropdown list, select either “Market Execution” for immediate execution or “Pending Order” for a delayed execution when prices reach your specified levels
Next, determine whether you want to Buy or Sell in the same dropdown list
Input the size of the position
 Fill in the stop loss and take profit fields (you can also put an expiry date on the position)
Click the "Sell" or "Buy" button to open your position
Using MetaTrader 4 mobile for placing orders is a fast and convenient way to trade on the go.  By following this guide, you will be able to place orders in MetaTrader 4 Mobile without any trouble. 
» Try out MT4 with Fortrade﻿

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account.
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