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On the WRPRO platform the basic steps are: choose a currency pair, decide whether to buy (go long) or sell (go short), set your position size in lots, and add a stop-loss and take-profit to manage risk. Review the order details, including the spread and margin required, then confirm to open the trade. You can monitor and close the position at any time while the market is open.

A buy order (going long) opens a position that profits if the pair’s price rises, and you enter at the ask price. A sell order (going short) profits if the price falls, and you enter at the bid price. Which one you choose reflects your view on where the market is heading. If the price moves the opposite way to your position, you make a loss.

Position size is set in lots and determines how much each pip is worth, so it directly controls your risk. A widely used approach is to risk only a small percentage of your account on any single trade, then work backwards from your stop-loss distance to choose a lot size that keeps the potential loss within that limit. Over-sizing positions is one of the most common and costly beginner mistakes.

Using a stop-loss is a core risk-management practice. It is an instruction to close your position automatically if the price reaches a level you set, capping the loss on that trade. Setting one when you open the position removes the temptation to hold a losing trade in the hope it recovers. Pairing it with a take-profit lets you define your risk and reward before you commit.

Before you confirm, review the pair and direction, your lot size, and the margin the position requires. Check the current spread, since that is your immediate cost, and make sure your stop-loss and take-profit levels reflect a sensible risk-to-reward ratio. It is also worth being aware of any upcoming news that could cause sharp volatility. Confirm only when the whole setup fits your plan.

Yes. While the market is open you can close a position manually at any time to lock in a profit or cut a loss. You can usually also adjust your stop-loss and take-profit levels on an open trade as conditions change. Managing positions actively is normal, but avoid moving a stop-loss further away simply to avoid taking a loss, as that increases your risk.