Day #4 How to open a Demo/Live forex account?

Day 4

Congratulations!

You have now acquired the essential knowledge to trade the forex market!

We have come to the final lesson, that’s how to open a Demo or Live forex account to start trading.

For beginner, I would suggest you use the Demo account to practice trading first. Before you use your hard enough money to trade, practice using Demo account to familiar yourself with the trading platform such as: how to open Buy/Sell trade, how to determine the entry price, stop loss price & take profit price, how to cancel the order etc.…

Warming: Forex Trading can be very risky if you don’t know what you are doing. You can lose a lot of money trading forex. Learn how to trade in Demo account first before trading live account.

How to open a Demo/Live forex account?

As for which Trading Broker platform to use, you can choose any forex broker of your choice, as long as it has either Metatrader 4(MT4) or Metatrader 5(MT5). You just have to make sure that the broker is a credible and regulated broker to avoid “Scammed Broker”.

Both MT4 or MT5 platform are reliable.

MT5 is a newer version of MT4. They are quite similar except MT5 is better and more secure. However, MT4 has more trading indicators to offer as it has been around for a longer period.

I use both MT4 and MT5.

The broker I am recommending here is a regulated Australia broker “IC markets International”. It has both MT4 and MT5 platform, and I have been using them for a long time.

If you like to use IC Market International, here is the link:

https://icmarkets.com/?camp=74387

I suggest you first watch this video:

https://www.youtube.com/watch?v=E5xyEhr0ehE&t=

This video will show you how to correctly install the broker MT4 software into your laptop or desktop.

Follow this video to login and you will be on your way to start your forex trading journey.

Guys, that’s all I have for the 4 days forex teaching series.

I hope you have learned something valuable here.

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Happy Investing!

Turtle Investing Team

Howard TJY