1) Find a Forex Broker: Find a good broker that works for you in your country of resident
2) Open a Demo / Live account: Open a Demo trading account or a small live account to start. If you fund it with real money, just remember the golden rule – Never risk what you cannot afford to lose! If you open a demo account, it’s risk-free, but you should still treat it like it’s real money.
3) Download MetaTrader 4 (MT4): Download the MetaTrader 4 trading platform and connect your brokerage account.
4) Place your first trade: Learn how to use the different order types and how to place a trade with an entry, take profit and stop loss.
What’s next?
- Back-test your trading strategy
- Develop a solid trading plan
It’s easy to get frustrated and give up…which is why many traders fail. So don’t get frustrated. This is no holy grail of trading. To be a successful trader, you need a good trading strategy that wins more than it loses, sound risk management, and good trading psychology.
Forex Lens understands how hard this can be for new traders, so we make it easy for you, that’s our job.
What’s our solution?
FOR ALL FIRST TIMERS, WE ARE OFFERING A 50% OFF YOUR FIRST MONTH with coupon code FIRST50 at checkout.
