Orders in MT4

[JHenry]

Hi!

In MT4, when I give a buy or sell order, I’m buying or selling the base currency or the quoted currency?

Thanks

[FOREXunlimited]

EURUSD
BASEQUOTE

LONG = buy euro / sell usdollar
SHORT = sell euro / buy usdollar

[JHenry]

@FOREXunlimited

EURUSD
BASEQUOTE

LONG = buy euro / sell usdollar
SHORT = sell euro / buy usdollar

So the correct would be the MT4 displays “long” and “short” in your menu!

Which of options bellow is correct?

#1

or

#2

[FXBalance]

#1 is correct

[anon5370623]

Hi!

In MT4, when I give a buy or sell order, I’m buying or selling the base currency or the quoted currency?

Thanks

here is detailed explanation of How currencies are traded