Canadian Dollar vs Japanese Yen - CAD/JPY CFD

Open MetaTrader 5, select an instrument from Market Watch, click 'New Order', choose your lot size, set stop-loss and take-profit levels, select Buy or Sell, and confirm. You can also trade directly from the chart with one-click trading enabled.

A lot is the standard unit of measurement for a trade. In forex, a standard lot is 100,000 units of the base currency. A mini lot is 10,000 units and a micro lot is 1,000 units. On Cent accounts, contracts are 100x smaller than standard.

A stop-loss (SL) automatically closes your position at a specified loss level to limit risk. A take-profit (TP) automatically closes your position at a specified profit level to lock in gains. Both are essential risk management tools and are highly recommended for every trade.

Yes. You can modify stop-loss, take-profit, and other order parameters at any time while the trade is open. You can also partially close a position or close it entirely through MetaTrader 5.

Leverage allows you to control a larger position with a smaller amount of capital. For example, 1:100 leverage means $1,000 controls a $100,000 position. While leverage amplifies potential profits, it also amplifies potential losses. Use leverage responsibly.