Learning & start trading with a Demo Account

If you've begun to understand at a glance about forex, then the next step is to begin the study with a demo account. Because someone who has finished learning about forex, he must practice his knowledge in a virtual forex market. He had to practice in the forex demo account. It is a virtual account. Not practice trading with real money, but the actual market conditions. This is a very good choice in testing your trading system because there is no money at risk. You can find out how your system will work.

Here is a brief explanation of the preparations if you will start trading on a demo account:

1. Intention straight, that you will seek the experience of trading.
Before venturing into the forex market, you have to have some guidelines that need to be considered. Involved in forex trading with little or no experience at all will only lead to painful results. Trust me ... you may lose some of your capital and become frustrated because you think initially that forex is very easy to make money. It is one of the common misconceptions in forex trading. Although there is a lot of money in circulation, it does not mean that you can make easy money from it. As with any venture in life, the rewards will come after you have worked hard for it. Button on the control of the forex market relies on commitment, discipline, patience, and hard work. Again, trust me ...

2. Creating a System
Creating a system is the first step you should take. You need to create a system that fits your personality; if not, you will find it difficult to follow the movement of the market. You can base your system on technical indicators such as the mechanical system or based on experience and history system.

3. Try Demo Trading well
Although it has been a little bit I mentioned above, though different than using the money, but you still have the advantage. The aim is that you can find out how your system will work without fear of losing money. Demo is to test your system.

How long should you keep this demo account? It is recommended that you keep at it until it produced a consistent and good results (+/- 6 months). You just need to be patient; Remember that your goal here is to have the perfect trading system that you can use. While practicing your system in a forex demo account, you should be aware of your emotions in trading. Emotions can affect every decision you make in trading.

Downloading and Installing Applications

Now the next step is to install a program / ​​application in which we shall use to practice and learn.
- Please feel free to download metatrader of GainScope here.
- Install the application on your computer.
- Run the application.
- Go to File / Open an Account or open an account,
- Fill in the necessary data, and then click next.
At this point your MetaTrader application is ready, and you have to have a demo account to learn trading. However, since this is the beginning of the application you are using metatrader, you may rada confused with the functions and operation of the application metatrader.