How Do I Trade - New Trader Wanting to Start Trading

Let's say you are a new trader who wants to start trading but you don't know what's forex trading or even how to trade. Well this course will get you started explaining what you need to do before starting forex trading and tell you one or two things about how to trade.

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

FX Practice Demo Account
Software
Setting Up Guides

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

Forex Demo Account

The first time as trader you start doing some research about forex, you'll be so confused as trader that you do not even know where to start or what to begin with, even getting a practice demo account & process of setting up this practice account will be confusing.

So to setup a demo account you'll need to just follow these steps:

Step1: Find a good forex trading broker - Forex demo accounts are provided by brokers

Step2: Go to this broker & search for the link "Open forex demo account" or "Open Forex Practice Account"

Step3: Once you as a trader press 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 and sign up for the forex trading demo account, The details and particulars are your name, phone contact & e mail and country.

Step4: Once you as a trader fill your details & particulars on this form click the register and sign up button, once you finish this registration your forex 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 as a FX trader can download their forex trading platform. Click the link and download the forex software.

Software

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

To install software

Go to download folder(to go to download folder, maximize the firefox web-browser window panel & press key board shortcut key CTRL+J, this will bring a pop-up window of the download folder)
Double-click the setup package of the forex software you've just downloaded.
Follow the instruction by clicking "accept" and then click "next", "next"….. Until you get to the "finish" button, then click finish button & your installation is complete.

To Open the Forex trade platform

Go to desktop & look for the short cut Icon for the Forex platform, it should have the name or logo of the online broker. Or you as a forex trader can go to "Start menu" bottom left corner of your computer PC and from the programs menu look for the name of the forex software.
Once you Open the forex trading platform, then you need to login to your forex trading platform:
To Log in
Navigate to "File" on the top-left corner of the forex trading platform
A dropdown menu will appear, from the option/choice look for "sign in" click it
A Username and Password Log in panel shows up, Input your password and username you got when you signed up with your forex broker.
If you forget your username and password, open your email account that you signed up with and you'll have gotten an EMail from the broker where you as a FX trader can refer the user name & password authorization sign in details.
After you have logged in to your account, now you are ready to learn how to trade and how to place trades using this software platform.

How Do You Trade with the forex trading Software

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

The first windows are market watch this is simple straight forward window that display prices of currencies that you'll be trading. You also can right click on any price feed for example the EURUSD symbol to open a display of a chart like the one above, the forex chart you'll open in this case is The EURUSD chart, If you want to open another chart for example GBPUSD go to market-watch panel window, right click GBPUSD symbol, press open Chart.

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

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

Then there is the menu bars, exemplification File, View…. If for example you want to hide the market-watch window, click view & uncheck/untick the market watch window, the market-watch window will disappear. To make it appear again click view again, then check/tick market-watch window, it'll reappear. Each button on the menu is self explanatory e.g. charts button is a button that manipulates the trading charts opened, changes time frame, in general all about charts.

To learn the complete forex MetaTrader 4 guide go to MT4 Forex Guide & About Softwares.

By now you already know how to trade & can even place a buy or sell trade on the forex platform by right clicking anywhere on the forex chart window above, then click trading, then open a new buy or sell position using the panel which appears.

But because you don't know when a trader buys or sells a currency, & because you do not know how to trade with market orders, you need to learn just a few forex trading for novice traders trading tutorials to complete these how to trade tutorial, & because these guide can not fit on this webpage here are the links to these how to trade guides:

Putting Up Guides

1.How to Begin Forex trade for Beginner Traders an Online Forex trade Tutorial

2.About trade Sites and Forex trade Blogs

3.Online Forex trade Guides & Forex trade Education

4.Best trade Tutorials & Forex trade Training Made Easy

5.Forex trade Advice: What You Should Know

6.Global trade Market Participants

7.Major FX Currency Pairs

8.FX Pair Names

9.Benefits of Spot trade

10.How to Read and Interpret FX Currency Quote

11.Forex Lots & Contracts