Forex.com is a popular online forex trading platform that allows traders to buy and sell currencies, commodities, and indices. One of the most important features of any forex trading platform is the ability to view open orders. Open orders are orders that have been placed but have not yet been executed. In this article, we will explain how to see your open orders on Forex.com.
Step 1: Log in to your Forex.com account
The first step to seeing your open orders on Forex.com is to log in to your account. To do this, go to the Forex.com website and click on the “Login” button in the top right corner of the screen. Enter your username and password and click “Login.”
Step 2: Navigate to the “Orders” tab
Once you have logged in to your account, you will be taken to the Forex.com dashboard. From here, you will need to navigate to the “Orders” tab. To do this, click on the “Trade” tab in the top menu bar, and then click on “Orders” from the dropdown menu.
Step 3: View your open orders
Once you have navigated to the “Orders” tab, you will be able to view all of your open orders. Your open orders will be listed in a table format, with columns for the order type, symbol, volume, price, and time. You can click on the column headers to sort the table by any of these criteria.
If you have a large number of open orders, you can use the search bar at the top of the table to filter your results. You can search for orders by symbol, volume, or price.
Step 4: Modify or close your open orders
If you need to modify or close any of your open orders, you can do so directly from the “Orders” tab. To modify an open order, simply click on the order in the table to bring up the order details. From here, you can change the order parameters, such as the volume, price, or stop loss/take profit levels.
To close an open order, click on the “Close” button next to the order in the table. You will be asked to confirm the closure of the order, and once you do so, the order will be closed and removed from the table.
Step 5: Monitor your open orders
It is important to monitor your open orders regularly to ensure that they are still in line with your trading strategy. If you notice that an open order is not performing as expected, you may need to modify or close the order to limit your losses.
In addition, it is important to monitor the market conditions that may affect your open orders. For example, if you have a buy order on a currency pair and there is a sudden increase in geopolitical tensions, the value of the currency may drop, and your order may be negatively affected.
Conclusion
In conclusion, seeing your open orders on Forex.com is a simple process that can be done in just a few clicks. By regularly monitoring your open orders, you can ensure that they are in line with your trading strategy and make any necessary modifications or closures. By using the “Orders” tab on Forex.com, you can easily view, modify, and close your open orders, making it a valuable tool for any forex trader.
