Open a demo forex trading account
Before you start, you’re going to want to open a demo account.
I want you to use this demo to actually implement what you’re reading. You most effectively learn by actually doing, so don’t be afraid to make mistakes and lose money. It’s just a demo afterall.
If you read about something, then try actually drawing it up on your charts and trading the steup you see. That’s how the lessons here are going to actually click for you.
As for where you should open an account, to keep thinkgs simple, I’m recommending everyone open an account with FX Choice.
How to open an account with FX Choice
Follow these steps to open an account with FX Choice:
- Once you’ve completed the registration form, click the button to now open a demo account (or live account if you’re ready), with FX Choice.
- Choose your account type, currency, leverage and initial deposit (of demo cash of course!). I’ve filled in my recommended setting here.
- It’s now time to download MetaTrader 4 (MT4), the charting software you’ll use to trade. These details have also now been sent to you via email.
- Make sure you’ve successfully logged in to your demo account, using the correct login, password and server details sent to you in the previous step.
You should now have your own demo account set up and fully logged into the MT4 charting platform, that you will use to actually trade.
Best of probabilities to you.