Oanda Forex is a trading platform that offers a simple and effective way to trade in the foreign exchange market. It has a user-friendly interface that allows traders to buy and sell currencies easily. One of the most important tools that traders use while trading on Oanda Forex is the keyboard. By using keyboard keys, traders can execute trades quickly and efficiently. In this article, we will discuss how to use keyboard keys for trading on Oanda Forex.
Before we discuss the keyboard keys, it is important to understand the basic structure of Oanda Forex. The platform is divided into three main sections: the price chart, the order placement area, and the trade management area. The price chart displays the price movements of the currency pair that the trader is interested in. The order placement area allows the trader to place orders and set stop-loss and take-profit levels. The trade management area displays the open trades and the trader’s account balance.
Now let us discuss the keyboard keys that traders can use to execute trades on Oanda Forex. The first and most important key is the ‘Enter’ key. This key is used to execute the trade once the trader has entered the details of the trade such as the currency pair, the size of the trade, and the stop-loss and take-profit levels. To execute a trade, the trader simply needs to press the ‘Enter’ key.
The next key is the ‘Tab’ key. This key is used to move from one field to another in the order placement area. For example, if the trader wants to move from the ‘currency pair’ field to the ‘trade size’ field, he or she can simply press the ‘Tab’ key.
The ‘Escape’ key is another important key that traders can use to cancel an order or close a trade. If the trader wants to cancel an order, he or she can simply select the order and press the ‘Escape’ key. If the trader wants to close a trade, he or she can select the trade and press the ‘Escape’ key.
The ‘Delete’ key is used to delete an order or a trade from the trade management area. If the trader wants to delete an order, he or she can select the order and press the ‘Delete’ key. If the trader wants to delete a trade, he or she can select the trade and press the ‘Delete’ key.
The ‘Up’ and ‘Down’ arrow keys are used to increase or decrease the size of the trade. If the trader wants to increase the size of the trade, he or she can press the ‘Up’ arrow key. If the trader wants to decrease the size of the trade, he or she can press the ‘Down’ arrow key.
The ‘Left’ and ‘Right’ arrow keys are used to move the stop-loss and take-profit levels. If the trader wants to move the stop-loss level to the left, he or she can press the ‘Left’ arrow key. If the trader wants to move the stop-loss level to the right, he or she can press the ‘Right’ arrow key. The same applies to the take-profit level.
In conclusion, using keyboard keys for trading on Oanda Forex can make the trading process faster and more efficient. Traders can execute trades quickly by using the ‘Enter’ key, move from one field to another by using the ‘Tab’ key, cancel orders and close trades by using the ‘Escape’ key, delete orders and trades by using the ‘Delete’ key, increase or decrease the size of the trade by using the ‘Up’ and ‘Down’ arrow keys, and move the stop-loss and take-profit levels by using the ‘Left’ and ‘Right’ arrow keys. By mastering these keyboard keys, traders can improve their trading experience and increase their chances of success in the forex market.
