Forex trading

Welcome to forex9.net.  A website about FOREX trading.

What is FOREX trading?

Forex trading is a name for buying and selling currencies for profit.  The Forex market is the largest market in the world and currencies worth more than a trillion dollars changes hands every day.  The value of different currencies is always fluctuating in comparison to the value of other currencies.  The value of each currency changes several thousand times every single hour.  A FOREX trader try to make money by buying and selling different currencies to benefit from these small valuations.  Some traders only trade between two different currencies. Other trade a large selection of different currencies.

In essence, you can say that a FOREX trader is a currency exchanger that the exchange currency on the FX market to make a profit.

How do you start FOREX trading?

It is easy to start trading FOREX.   The first thing you need is an account with a FOREX broker.   There are plenty of different brokers to chose from.  You should always choose a large broker with a good reputation. Choosing a large, well establish broker guarantees a good experience.  Examples of top FOREX brokers include eToro, Plus500, Markets.com, IG, Avatrade ane more.  Find more examples of top brokers for currency trading.

Once you have an account, I recommend that you start trading using virtual money in your demo account. This allows you to make any costly mistakes with virtual money instead of real money.

If you want to start trading with real money, you need to deposit money to your account.  Most brokers offer multiple ways to do this.  Once you have money in your account you can start trading.

Please take the time to learn how to trade before you start trading for real money.

Which currencies to trade?

There are plenty of different currencies that you can trade.  On this website, you can read an introduction to many currencies to find out if that currency is a good choice for you.  The most popular currencies to trade are the USD, GBP, Euro, YEN, and Swizz franc.  Other popular currencies include the Canadian CAD, the Swedish SEK, and the Chinese Renminbi.

More adventures currency traders offer like to trade cryptocurrencies such as Bitcoin.  Cryptocurrencies allow for huge profits but are very risky to trade.

Can you make a profit trading FOREX?

Yes, there is a lot of money to be made on the FX market.  Fortunes are won and lost every day. If you are able to predict if the value of a currency is going to go up or down then you can earn a lot of money. The better you are at predicting how the currencies will move the more money you can earn.  There are a lot of analytical tools that can help you predict how the currencies are going to move.  This tools analyse the market based on past events and there is no guarantee that they will predict the market correctly.

It is possible to make money trading FOREX. It is possible to make a good living trading FOREX but you can also lose a lot of money trading FOREX.  It is not easy to become a successful trader and a large percentage of all traders who try FOREX traders end up losing money. FOREX Trading is high-risk trading and you should never try FOREX trading if you can not afford to lose the money or if you are unwilling to learn to become a skilled trader.  Buying and selling without understanding what you are doing is very likely to lose your money.

Is FOREX trading leveraged trading?

Yes, most trades made on the retail FOREX market are leveraged trades.  It is possible to trade without leverage but doing so will yield small returns unless you have very large sums of money to but the work.  Most FOREX transactions are made to benefit from tiny fluctuations in the value.  Most traders will, therefore, make leveraged trades to be able to make large profits from these small fluctuations.

Different brokers offer different leverage but it is rare for retail brokers to offer more than x250.  A few years ago it was common to see a lot higher leverage being offered but these large leverages have largely been discontinued to retail investors.  Too many investors were losing large sums of money while making leveraged trades without understanding the risk they where taking.

Is FOREX trading legal?

Yes, FOREX trading is legal except for in a few jurisdictions.  It is always legal to trade FOREX but some country has banned FOREX companies from offering trading in the country.  The company might be fined for allowing you to trade but you are not doing anything illegal.  With this said, it is always best to trade using a broker that is licensed to operate trading in your country.  Doing so will make sure that you are protected and that the broker complies with local regulation.  If you trade with a company based in another jurisdiction then they might operate according to another legal system and might not operate as you expect it to.

Is FOREX trading a scam?

No, FOREX trading is not a scam. It is retail trading on the worlds largest market.  There are many well managed honest FOREX brokers that you can register with and trade with confidence.  There are also a low number of scam brokers on the market.  Scam brokers never last long and usually change names regularly.  Always find out everything you can about different FOREX brokers before you decide to register and start trading.  Always choose a large well-regarded company that you know is honest such as Markets.com,  eToro,  IG,  AVATRADE, or Plus500.  Choosing a well-established broker guarantees that you do not get scammed.

Is forex trading high risk?

Yes, forex trading is high risk due to its inherent leverage, which can amplify both gains and losses. The market’s high volatility, influenced by geopolitical events, economic data, and interest rate decisions, can result in significant price swings which can cause significant losses if the trade is positioned on the wrong side of the swing.

Forex Trading Instruments

Forex traders have access to various financial instruments that allow them to speculate on currency price movements, hedge risks, and diversify their strategies. Understanding the different forex trading instruments is essential for choosing the right approach based on risk tolerance, experience level, and financial goals.

Further down in this article, we will take a look at a few different derivatives that can be used for forex speculation, but first, we will focus on spot forex trading, since that is the basis for the forex market.

Spot Forex Trading

Spot forex trading is the most common and straightforward way to trade currencies. It involves the direct exchange of one currency for another at the current market price (spot price). These trades are settled “on the spot,” usually within two business days. Spot trading is popular among day traders and scalpers who aim to profit from short-term price fluctuations.

Forex Options

A forex option gives your the right, but not any obligation, to buy (call option) or sell (put option) a currency and get paid in another pre-specified currency, at a pre-specified exchange rate, before the contract expires.

Forex options allow traders to speculate on currency movements with limited risk, as they only lose the premium (the price paid for the option) if the market moves unfavorably.

Forex options are commonly used for hedging and for longer-term trading strategies. However, they are more complex than spot trading and require a deeper understanding of factors like implied volatility and time decay.

Forex Futures

Forex futures are standardized contracts to trade a certain amount of one currency for another currency, at a fixed exchange-rate, on a future date. Unlike spot forex, which is traded over-the-counter (OTC), futures contracts are traded on regulated exchanges like the Chicago Mercantile Exchange (CME). These contracts are widely used by institutional traders and businesses to hedge against currency risk. The high degree of standardization makes them suitable for exchange-trading.

Futures trading requires a larger initial capital investment compared to spot forex, but it offers benefits like price transparency, lower counterpart risk, and no overnight interest charges. Traders looking for a structured and regulated trading environment often choose forex futures.

Forex CFDs (Contracts for Difference)

When you use Contracts for Difference (CFDs), you are not trading on a market filled with other traders. Instead, your broker is also your counterpart in the trade. This automatically creates a conflict of interest, and it becomes even more important to pick a reputable broker regulated by a financial authority with strong trader protection.

CFDs can be based on a wide range of underlying assets, including forex. Forex CFDs make it easy for you to speculate on price movements without owning the underlying currency. Instead of exchanging currencies, you will enter into a contract with your broker, and if you make a profit or loss depends on the difference in exchange-rate between the opening and closing of the CFD.

Brokers who offer CFDs will typically permit your to use plenty of leverage if you want to, and this is one of the reasons why CFDs have become so popular. It is important to remember that leverage will amplify both profits and losses.

Forex ETFs (Exchange-Traded Funds)

An exchange-traded fund (ETF) is a fund where the fund shares are traded on an exchange, in a manner very similar to stocks. A forex ETF can be used to gain exposure to the forex market without actively trading on the forex market.

Forex ETFs track the performance of a specific currency or a basket of currencies. ETFs are ideal for long-term investors who want forex exposure without engaging in direct currency trading, and who does not want to deal with over-night fees.

Forex ETFs offer lower risk and more accessibility compared to spot forex or futures trading. However, they do not provide the same level of control and rapid execution as forex instruments. Fund managers will control the fund, not you. You can only buy and sell fund shares.

Best Instruments for Short-Term Forex Traders

For traders looking for quick profits from short-term price movements, spot forex and CFDs are examples of suitable choices.

Spot Forex: Direct Market Access with High Liquidity

Spot forex is the most common choice among short-term forex traders, offering instant execution and 24/5 market access. It suits traders who prefer day trading (including scalping) and swing trading, as they can enter and exit positions quickly. Examples of benefits are tight spreads, deep liquidity, and the ability to trade major, minor, and exotic currency pairs. (The exact spread and liquidity will depend a lot on which currency pairs you are trading.) A downside with spot trading is that you must actively manage positions, and high market volatility can lead to rapid losses, especially if proper risk management isn’t in place. With many brokers, spot trading is unsuitable for longer-term speculation, since you will pay hefty over-night fees.

Forex CFDs: Leverage and Flexibility

You are looking for high leverage and a lot of flexibility, CFDs provide a way to speculate on forex price movements without owning the underlying currency.

Just remember that leverage will magnify losses just as much as gains, making leverage more suitable for experienced traders who really understand risk management and have the capacity to stick to their risk management routines even in the heat of the moment when emotions run strong.

Around the globe, several financial authorities have limit brokers ability to offer CFDs to retail traders (non-professional traders), or capped how much leverage they are allowed to offer such traders.

With CFDs, your broker is also your counterpart in the trade, which creates a conflict of interest.

Best Instruments for Long-Term Forex Traders and for Hedging

If your goal is long-term forex exposure or hedging, forex futures, forex options, and forex ETFs can all be suitable choices. Which instrument that is best will depend on your goals, and in some situations, the best solution is actually to utilize more than one instrument type.

Forex Futures: A Common Choice for Hedging

Forex futures provide a structured and regulated long-term environment, making them popular among institutional traders, and for businesses that need to hedge against currency fluctuations. Since futures contracts are traded on regulated exchanges, they offer greater transparency and lower counterpart risk than spot forex and CFDs. They are well suited for those who want stability and a predictable trading environment. However, futures require a higher capital investment and are only available at fixed contract sizes.

Forex Options: Risk Control and Strategic Trading

Forex options are popular among traders who want defined risk exposure. Since buying an option gives you the right, but not the obligation, to buy or sell a currency, traders can limit potential losses to just the premium (price) paid for the option. The downside of options is that they are more complex than other forex instruments, requiring an understanding of concepts like time decay and implied volatility. They are best suited for experienced traders or investors looking for a way to protect long-term forex positions.

Forex ETFs: Low-Risk, Passive Investing

Forex ETFs provide a way to gain exposure to currency markets without actively trading forex pairs. These funds track specific currencies or baskets of currencies and the fund share are traded on major exchanges. They are ideal for investors who want to diversify their portfolio with forex exposure but without engaging in direct forex trading.

While ETFs carry lower risk and require no active trading, they do not offer the same quick profit potential as spot forex or CFDs. They are often selected by long-term investors and those looking to hedge currency risk in a diversified portfolio.

Which Forex Instrument Should You Choose?

• For active traders who thrive on market movements and liquidity, spot forex or CFDs are popular choices.
• For structured, lower-risk trading, futures provide transparency and regulated trading conditions.
• For risk-controlled strategies, forex options allow for strategic trading with limited downside.
• For passive investors, forex ETFs offer exposure to the currency market with minimal risk.

Ultimately, factors such as your risk tolerance, capital, and trading approach must be taken into account. While some traders prefer high-risk, high-reward opportunities, others seek stability and long-term growth. Understanding each instrument’s mechanics and applying proper risk management is key to choosing the right forex strategy for your financial goals.

How to Start Forex Trading: A Beginner’s Guide

Forex trading offers an exciting opportunity to profit from global currency movements, but jumping in without preparation can lead to costly mistakes. Whether you’re looking to trade part-time or make it a full-time pursuit, starting forex trading requires a solid understanding of the market, a strategic approach, and proper risk management.

Forex (foreign exchange) trading involves buying one currency while selling another, with the goal of profiting from price fluctuations. Unlike stock markets, forex operates 24 hours a day, five days a week, providing constant trading opportunities. Major currency pairs like EUR/USD, GBP/USD, and USD/JPY dominate the market, offering high liquidity and tight spreads.

Before placing real trades, it’s crucial to learn how currency pairs work, what drives exchange rates, and how market trends develop. Economic indicators, central bank policies, and geopolitical events are all examples of factors that influence forex exchange rates.

Steps to Start Forex Trading

Starting forex trading requires education, patience, and discipline. By learning the fundamentals, choosing a reliable broker, practicing with a demo account, and applying proper risk management, new traders can build a solid foundation for long-term success. While forex offers great opportunities, it also comes with high risks, and it is common for novice retail traders to quickly lose their first deposit.

Below, we will look at a few points that can help increase your chances of becoming a long-term profitable forex trader.

1. Learn the Basics

Success in forex begins with education. Stay away from the scammy get-rich-quick schemes that promises riches without risk nor effort. Actual forex trading is hard work and proper risk-management is crucial. The first step is to devote time and energy to actually learning about the forex market, different trading strategies, proper risk-management, etcetera. Understanding basic concepts like pips, lots, leverage, and margin helps new traders avoid costly mistakes.

2. Evaluate Different Trading Strategies

When you understand the basics, you will be in a better place to understand the various trading strategies, and figure out which one that may be best for you as you get started. In a free demo account filled with play-money, you can try out different strategies and develop a deeper understanding of their different dynamics.

Examples of forex trading strategies:

• Day trading When you carry out day trading, you will open and close positions within the same trading day. You never leave any positions open over night. Day traders profit from short-term price changes within a trading day. It requires intense focus while you are actively trading, but once the trading day is over, you can go to bed without worrying about any open positions.
• Scalping Scalping is a sub-set of day trading. It is a technique where you will aim to profit from minute price changes by opening and closing positions within just minutes (or even less time). The profit from each individual trade can be very small, since the price difference is so small, but scalpers can still be very profitable overall since they open so may positions.
• Swing trading Swing trading is a technique where you speculate on longer price trends and typically keep positions open for several days, weeks, or even a few months. You are not a day trader, but you are not a long-term investor either.

3.) Develop a Risk Management Plan

Risk management is key to long-term success and your risk-management plan must go hand-in-hand with your trading strategy. Make sure you learn about risks and risk-management techniques before you start forex trading. Use a free demo account filled with play-money to test run your risk-management routine and see how well it works against real market conditions.

Examples of important aspects of a risk-management plan:

• Do not risk more than 1-2% of your account balance on any single trade. You need to limit how much a single loss can harm you, and you need to preserve capital for future opportunities, allowing you to ride out rough patches. All forex traders have losing trades. Trying to come up with a strategy where you simply have no losing trades is futile; your goal should instead be to manage losses properly.
• Stop-loss orders help protect against major losses, provided there is enough liquidity in the market. Make sure you understand what slippage is.
• Take-profit orders will help you lock in profits and stick to your decisions. In the heat of the moment, it is very easy to make the impulsive decision to keep a winning position open longer than planned. Stepping away and allowing the take-profit order to do its job can help you avoid emotional decision making.
• Setting a risk-to-reward ratio can help you stick to your trading plan and only pick trading opportunities that fit your plan. Many novice traders stretch themselves too thin and jump on every opportunity they spot, ditching their plan, and this is usually a quick way to deplete a trading account. You need to stick to a risk-reward ratio that ensures that winning trades outweigh losing ones.

4.) Choose a Reliable Forex Broker that is Suitable for Your Trading Strategy and Risk-Management Plan

Choosing a properly regulated and trustworthy broker is essential, and the broker also needs to be suitable for your particular trading strategy and risk-management plan. Some brokers offer more than one account type, trading platform, and fee structure, to cater to different traders and plans.

Spreads and commissions will have a huge impact on the profitability of your trading strategy. A scalper can for instance not be profitable with a broker where hefty fixed commissions eat all the profit from each individual profitable trade. A swing trader, on the other hand, might prefer to pay a fairly large fixed commission if it comes with tight spreads and other benefits.

5. Use Your Demo Account A Lot

We have already mentioned how a free demo account filled with play-money is a great way to test out trading strategies and risk-management routines. The demo account is also a great way to see if the trading platform offered by a broker is suitable for you.

Once you have found a good broker and trading platform, you can use the demo account to learn all the ins and outs of the platform without risking any real money in the process. You want to do all the beginner mistakes using play-money and not your own hard-earned cash.

Most brokers offer demo account trading with play-money helping traders test strategies, learn how to place trades, use all the tools, and get comfortable with the platform. Spending time on a demo account helps build confidence and experience before moving to live trading.

Even experienced traders sometime return to demo account mode to fine tune a new strategy or learn how to use a new platform feature.

6. Start with a Live Trading Account

Once comfortable with a demo account, you can switch over to live account mode and make your first deposit.

• Small position sizes at the start helps minimize risk. No matter how experienced you are from play-money trading, play-money can not prepare you for the emotional impact of having real money on the line.
• Do not use leverage until you know exactly how it works and have adjusted your risk-management plan. Even then, start with very low leverage.
• No matter how experienced you become, do not risk money you can’t afford to lose.

7. Keep Learning and Adapting

Forex trading requires continuous learning and strategy adjustments. Keeping up with market news, tracking economic events, and analyzing past trades can improve performance. Many traders maintain a trading journal to track successes and mistakes, refining their approach over time.

How to Find a Suitable Forex Broker

Finding the right forex broker is one of the most important steps in becoming a successful trader. With so many options available, choosing a broker that offers security, fair pricing, fast execution, and reliable customer support can make a significant difference in trading performance. A good broker provides a stable and transparent trading environment, while a poor choice can lead to unnecessary costs, slow withdrawals, and financial losses. Understanding what to look for ensures that traders select a broker that aligns with their needs and trading style.

The Importance of Regulation

Ideally pick a broker that is regulated by a reputable financial authority that makes trader protection a priority. A financial authority can impose strict rules and supervision to protect traders, requiring brokers to operate transparently and keep client funds separated from company funds. Segregated client accounts ensure that traders’ funds are kept separate from the broker’s own operating capital. This reduces the risk of client funds being misused, and provides an added layer of security in case the broker faces insolvency.

Choosing a properly regulated broker reduces the risk of fraud (including price manipulation) and unethical business practices. Some of the most well-respected regulators include the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).

Picking a broker that is regulated within your own country puts you in a better position when it comes to jurisdiction. If you are trading in country A, using a broker that is based in country B and regulated by country C, the question of jurisdiction becomes much more complicated. With that said, some forex traders live in countries where online forex brokers are either not regulated domestically, or where regulation is lax and without sufficient trader protection. Therefore, some forex brokers prefer to pick a foreign broker licensed by a foreign financial authority known for its strong trader protection.

Before signing up with a broker, it’s always advisable to verify their regulatory license directly on the regulator’s website to confirm legitimacy.

Understanding Trading Costs and Fees

Every broker has a different fee structure, and understanding these costs is crucial for long-term profitability. You should compare pricing models to find one that suits your trading strategy best.

Forex brokers make tend to make the bulk of their money through spreads, commissions, and overnight swap fees, but there can also be miscellaneous fees such as platform fees and withdrawal fees.

• The spread is the difference between the buying price and the selling price for a currency pair. Brokers offering tight spreads help traders reduce costs, especially for high-frequency strategies like scalping.
• A broker can charge both purchase commission (when you open a position) and sale commission (when you close a position). The commission can be a fixed cost per transaction or calculated based on transaction size.
• Some brokers offer zero-commission trading. Make sure you calculate if this is a good deal for your particular trading strategy before you use it, because the spreads may be really wide.
• Swap fees apply when holding positions overnight. These charges are based on the interest rate difference between the two currencies being traded. Long-term traders should carefully consider swap fees, as they can accumulate over time and eat heavily into profits. For a longer-term strategy, finding a broker or broker account that is not geared toward day traders may be necessary to avoid costly swap fees.

Trading Platform and Execution Speed

The trading platform is where your trading takes place, and it is important that the trading platform is stable, user-friendly, and has the features and tools you need to implement your trading strategy. Fast execution speeds are particularly important for traders who rely on scalping or high-frequency trading. Delayed trade execution can lead to slippage, where an order is filled at a different price than expected, potentially causing unexpected losses. A reliable broker should have a low-latency execution system, ensuring that orders are processed at the best available price with minimal delay.

Examples of commonly used third-party platforms are MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, all of which offer advanced charting tools, automated trading capabilities, and real-time market data. They are third-party platforms, meaning that they come from an independent developer and are utilized by a wide range of different brokers.

Some brokers have their own proprietary platforms, developed specifically for their clients. In some cases, proprietary platforms fill a specific niche, e.g. social trading.

It is always a good idea to test the trading platform using a free demo account before you sign up with any broker and make your first deposit. Please note that sometimes the demo account does not have any slippage or similar delays, since it is not real-money trading, so this aspect of the trading platform can be difficult to sus out in advance.

Deposits and Withdrawals

Brokers typically offer a variety of secure deposit and withdrawal options, allowing traders to fund and access their accounts easily. A broker can for instance allow payment methods such as bank transfers, credit/debit cards, and e-wallets (like Skrill or Neteller). Some brokers even accept cryptocurrency transfers.

One of the most frustrating issues traders face is delayed withdrawals, where brokers take excessive time to process withdrawal requests. A reputable broker ensures that funds are withdrawable without unnecessary delays or hidden fees. Checking a broker’s withdrawal policy before opening an account can help avoid unexpected issues later, but you should also check their reputation within the trading community, since some brokers have a great policy on paper but are known for really slow processing of withdrawal requests.

Customer Support

Having access to responsive and knowledgeable customer support is vital, e.g. when dealing with technical issues, account problems, or withdrawal delays. A good broker should provide 24/5 or 24/7 support through multiple channels, including live chat, email, and phone.

• Make sure the method you prefer is available.
• If only email support is available, you can not get step-by-step guidance in real-time.
• If phone support is important to you, check if there is a local number you can call, or if you will be required to make a costly phone call to another country. Some brokers offer call-back service, internet calls, or a toll free number.

Broker Reputation

Reading trader reviews and independent broker comparisons can help assess a broker’s reputation. It’s important to be cautious, as some reviews may be fake. Also checking forums, trading communities, news articles, legal records, and announcements from financial authorities can provide a more comprehensive picture of a broker’s track record.

How to Open a Forex Trading Account Once You’ve Found a Good Broker

After carefully selecting a reputable forex broker, the next step is opening a trading account. While the process is straightforward, it’s important to follow each step carefully to ensure smooth registration, compliance with regulations, and secure fund deposits. A properly set up account allows traders to enter the forex market with confidence, ensuring they have access to the right trading tools, platforms, and account features.

Opening a forex trading account is a simple yet crucial process that requires careful attention to detail. Selecting the right account type, completing verification, funding the account securely, and setting up the trading platform properly all contribute to a smooth trading experience. Taking time to get everything in order before executing the first live trade helps traders enter the forex market confidently and responsibly.

Choose the Right Account Type

Most brokers offer different account types to suit various trading styles and experience levels. The most common options include:

• Standard accounts designed for general trading with moderate spreads and no or moderate commissions.
• ECN (Electronic Communication Network) accounts that offer raw spreads with direct market access. They commonly charge commissions.
• Micro, Nano or Cent accounts that allow trading with very small lot sizes, ideal for beginners testing strategies. Will typically not come with big fixed commissions, since such commissions would eat all the profits from small trades.
• Islamic accounts, which comply with Sharia law by offering swap-free trading (no interest charges).

Traders should review the broker’s account options and choose one that best matches their strategy and preferences.

Complete the Registration Process

Opening a forex account begins with filling out an online registration form on the broker’s website. Brokers require personal details such as name, email, phone number, country of residence, and preferred base currency for the trading account.

Some brokers may ask additional questions about trading experience, financial status, and investment goals. This is part of regulatory compliance.

Verify Your Identity (KYC Process)

Regulated brokers are required to verify the identity of their clients as part of Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

To complete verification, you typically need to upload:

• A photo of your government-issued ID (passport, driver’s license, or national ID card).
• Proof of address (utility bill, bank statement, or rental agreement no older than three months).

The verification process can take anywhere from a few hours to a couple of days, depending on the broker and the accuracy of the submitted documents. Most brokers notify users via email once verification is approved.

Fund Your Trading Account

Once the account is verified, the next step is making an initial deposit. Brokers can accept many different funding methods, including:

• Bank transfers
• Credit/debit cards
• E-wallets like Skrill, Neteller, and PayPal
• Wire transfer
• Cryptocurrency transfers (available with some brokers for added flexibility).

Before depositing, it’s important to check for minimum deposit requirements, deposit fees, processing times, and accepted currencies to ensure a smooth transaction. Each broker has minimum deposit requirements, which can range from as little as $10 to $500 or more, depending on the broker and the account type. Minimum deposit requirements, deposit fees, processing time, and accepted currencies can also be affected by which transaction method you pick.

Set Up Your Trading Platform

Some trading platforms are available directly in your browser window, while others require that you download and install software on your computer. There are also brokers that provide apps for mobile devices, and these apps can normally be downloaded from the Google Play or Apple App Store.

You may need to manually link your trading account to the platform using login credentials provided by the broker.

For those new to trading or new to this particular platform, starting with a demo account before moving to real trading is highly recommended. This allows you to familiarize yourself with the platform’s features, including placing trades, setting stop-losses, and using technical indicators. You can also

test strategies in a risk-free environment using free play-money.

Start Real-Money Trading

With the account fully set up and funded, you can start trading. It’s recommended to begin with small positions to get comfortable with real money trading. Play-money trading and real money trading are very different emotionally, and it can take some time to get your emotions under control after switching to real money trading.

This article was last updated on: April 3, 2025