How Do I Analyze Forex and Learn Forex?
How Do You Learn Trading?
If you are a new trader wanting to start trading but you don't know what's forex trading or even how to trade - this learn tutorial will get you started will explain to you what you need to do before starting forex and this learn tutorial will also explain various concepts of how to trade.
The first Three thing when it comes to learning how to trade:
- Trading Demo Practice Account
- Platform
- Learn Guides
By following these three steps - setting up how trade becomes much easier for you as a beginner trading.
How Do You Learn Forex?
The first time as a beginner trader you start doing some research about forex trading - you will be so confused because you do not even know where to start or what to start with - even getting a demo practice account & the process of setting up this practice practice account will be confusing.
So as a beginner trader to setup a demo trade account you will need to follow the steps discussed below:
Step 1: Find a good broker - demo trade accounts are provided by brokers
Step 2: Go to this broker website & search for the link "Open Practice Account" or "Open Practice Account"
Step 3: Once you click this open a demo trade account link, you will then arrive at a page where the broker will ask you to fill your demo trading account registration details so as to register for the demo trade account, These details are your name, phone contact and email & country.
Step 4: Once you fill your demo trade account registration details on this demo trading account opening form click the register button, once you finish this demo trade account registration - your online broker will then give you a 'username' for the practice trade account that you have signed up and a 'password' for the practice trade account. Along with this a online broker also will provide a download link where you can download their forex software. Click the platform link and download the platform.
How Do I Analyze Forex and Learn Forex?
For this step you'll then install the platform you have just downloaded.
To install the software
- Navigate to download folder of your browser(to go to download folder, maximize the firefox web-browser panel & click key board short-cut key CTRL+J, this will bring a pop up window panel of the browser download folder)
- Double-click the installation package of the software you've just downloaded.
- Follow the platform installation instruction by clicking 'accept' and then click 'next', 'next'….. Until you get to the 'finish' button, then click finish button & your platform setup is complete.
To Open the Trading trade platform
- Go to desktop & look for the short cut Icon for the Trading platform, it should have the name or logo of your online broker. Or you can go to "Start menu" bottom left corner of your PC and form the programs menu look for the name of the software.
- Once you Open the platform on your PC, you'll then need to login to your platform:
- To Log in
- Go to 'File' at the tops left corner of the platform
- A drop-down menu will appear - from the options listed look for 'sign in' click it
- A Username & Password Login window appears, Input your demo trading account password & username you got when you registered with your online broker.
- If you forget your account username and password, open your email account that you registered with & you will have gotten an email from your broker where you can refer the username and password account login details.
- After you have logged in to your demo trading account, now you're ready to learn how to trade & how to place transactions using this software.
How Do You Trade with the Platform - To learn the complete MT4 tutorial go to MT4 Trading Guide & About Trading Platforms
To learn how to trade and how to place a buy or sell trade on the platform - right clicking anywhere on the chart - then click trading - then open a new buy or sell trade using the trading window that pops up.
But because you're a beginner trade & you don't know when a trader buys or sells, and because you don't know how to trade using orders, you need to learn a few tutorials for beginners - to complete learning these how to tutorial - and because these learn lessons cannot fit on this page here are the links to these learn how to trade tutorials:
Setting Up Tutorials
How to Begin Trade for Beginners Guide
Demo Accounts Practice Trading
How Do I Interpret Forex and Learn Trading?
