New CFD Trader Wanting to Start CFD

Let us you are a new cfd trader wanting to begin cfd but you do not know what is cfd or even how to cfd trade. Well this tutorial will get you started explaining what you need to do before starting cfd and tell you one or two things about how to cfd trade transaction.

first thing you need to know when it comes to how to cfd trade are:

1. CFD Demo Account
2. CFD Platform
3. Setting Up CFD Lessons

By following these 3 steps then setting up how to cfd trade becomes easy for you as a cfd beginner.

CFD Demo Account

The first time as trader you start doing some research about cfd trading , you will be so confused as cfd trader that you do not even know where to start or what to start with, even getting a demo cfd account and the process of setting up this cfds trading demo cfd account will be confusing.

So to setup a practice cfd account you will need to just follow these steps:

Step1: Find a good cfd broker - CFD Trading demo accounts are provided by cfd trading brokers

Step2: Go to this cfd broker and search for the link "Open demo cfd account" or "Open CFD Trading Practice Account"

Step3: Once you click this type of link, you will then arrive at a page where the broker will ask you to fill your details so as to register for the demo cfd account , The details are your name, phone contact and email and country.

Step4: Once you fill your details on this form click the register button, once you finish this registration your cfd broker will then give you a 'username' for the account you have registered and a 'password' for the account. Along with this a broker will also provide a link where you can download their cfd platform. Click the link and download the cfd platform.

CFDs Platform

For this step you will then install the platform you've just downloaded.

To install cfd software

1. Go to download folder(to navigate to download folder, maximize the firefox web-browser panel and click keyboard short-cut key CTRL+J, this will bring a pop up panel of the download folder)
2. Double click the installation package of the cfd software you've just downloaded.
3. Follow the instruction by clicking 'accept' and then click 'next', 'next'…. Until you get to 'finish' button key, then click finish button and your setup is complete.

To Open the CFD trade platform

1. Navigate to desktop & look for the short cut Icon for the CFD platform, it should have the name or logo of the broker. Or you can go to "Start menu" bottom left corner of your comp and form the programs menu look for the name of the cfd platform.
2. Once you Open the cfd platform, then you need to login to your cfd trading software:
3. To Log in
4. Go to 'File' at the top left corner of the cfd trading platform
5. A drop-down menu will appear, from the option look for 'login' click it
6. A Username & Password Login panel appears, Input your password and username you got when you registered with your cfd trading broker.
7. If you forget your username & password, open your e-mail account that you registered with and you'll have gotten an e-mail from the broker where you can refer the username & password details.
8. After you have logged in to your account, now you're ready to learn how to cfd trade and how to place trades using these cfd platform.

How to Trade with the cfd Platform

So as a beginner trader it may seem complex but let us just look at some pointers on how to cfd trade this cfd platform.

The first windows are market watch this is simple straight forward window that display cfd prices that you will be trading. You can also right click on any cfd price feed for example any MT4 symbol to open a display of a cfd chart like the one above, the cfds chart you will open, click open Chart.

The Data window will show data about you logged in cfd account, and data of indicators as shown in the above screenshot.

The terminal will show account balance & all open trade, to expand this widow, hover your mouse until the cursor changes, then click and hold down mouse button & move the mouse up.

Then there is the menu bars, example File, View…. If for example you want to hide the cfd market watch widow, click view and uncheck/untick the cfd market watch widow, the cfd market watch window will disappear. To make it appear again click view again, then check/tick market watch window, it will reappear. Each button on this menu is self explaining for example charts button is a button that manipulates the charts opened, changes timeframe, generally all about charts.

To learn the complete MetaTrader 4 cfds platform tutorial go to MetaTrader 4 CFD Tutorial and About CFD Platforms.

By now you already know how to trade & can even place a buy or sell cfd trade on the cfd platform by right clicking anywhere on the cfds chart window above, then click trading, then open a new buy or sell cfd trade using the panel that pops up.

But because you do not know when a trader buys or sells a cfd instrument, and because you do not know how to cfd trade with market orders, you need to learn just a few beginners cfd tutorials to complete these how to cfd trade guide, and because these guide cannot fit on this page here are the links to these how to cfd trade tutorials:

Setting Up CFD Lessons

1.How to Begin CFD trade For Beginners an Online CFD trade Guide

2.About CFD trade Sites and CFD trade Blogs

3.Online CFD trade Guides and CFD trade Education

4.Best CFD trade Courses and CFD trade Training Made Easy

9.Benefits of Spot CFD trade

12.Trading Long and Short

13.Best CFD trade Platforms/ Best CFD trade Software

14.Live CFD trade Account Types

15.CFD trade Practice Accounts/ Practice Trading

16.How to Trade CFD/ CFD trade How to Make Money CFD trade