To help you on your way to becoming a successful trader, this step-by-step trading guide will provide you with the knowledge and information you need to start trading.
Step 1 – Practice with a Demo account
Before you start trading live, it can be helpful to familiarize yourself with the trading platform as well as test out your strategies.
With a Demo account, you can practice in a real trading environment without risking your own money.
On a MetaTrader4 (MT4) Demo account, you can also apply your risk management strategies.
Step 2 – Understand the Forex market
It’s important to have a broad knowledge of the Forex market, how it works and what can affect it.
Many Brokers have a range of webinars and research tools that can help you learn about Forex trading.
Also many Online Brokers offer market analysts present news and analysis on market movements and updates.
Step 3 – Open a Live account
Once you have familiarized yourself with the MT4 platform and feel confident in your trading, you can open a Live account.
You will then have access to comprehensive offering including all of the research and charting tools.
Step 4 – Start trading
Once you feel confident to start trading on a Live account, you will be able to put everything you have learnt into practice.
If you have any questions, please don’t hesitate to contact their multilingual Client Services team.