Getting Started

Step 1. Open a demo account.

You can apply your knowledge in a real-life environment without risking your money.
Demo accounts are used for:

* Developing and testing trading strategies;
* Gaining confidence and familiarity of the trading platform;
* Applying your Risk Management rules to get an understanding of how they work.

Download MetaTrader 4


* Download trading platform. MetaTrader 4 User Guide.
* Open a FREE DEMO account.
* Free MetaTrader 4 for PDAs and for mobile phones.
* Free MetaTrader 4 MultiTerminal for money managers.

We recommend that you open a demo account prior to trading the live markets.
Step 2. Learn to forecast which way a market is expected to trend.

It is up to you what to choose: Fundamental Analysis, Technical Analysis, Elliot Wave theory, Candlesticks, Tomas Demark Theory, Chaos Theory or any other. Whatever you choose try to get as much experience as possible and never stop studying.
Step 3. Develop and test your trading strategy.

As with all trading, timing is critical. Sometimes it is not enough to know which trend prevails in the market. You need to learn how to determine the moment when it is more profitable to open/close a position because the difference in a few minutes can mean the difference between being a winner or a loser.
Step 4. Develop and test your risk management rules.

Follow your rules of risk management and know exactly how much you are ready to commit to the trade. If you do apply risk management rules correctly this could help you to increase your profit and at the same time to limit your losses.
Step 5. Be less emotional.

Try to make rational not emotional decisions. If you follow your emotions you are more inclined to make wrong and therefore unprofitable decisions. Make your trading plans before you open positions. Decide on your objectives, entry and exit points.
Step 6. Open a live account.

Start trading on the live account with a strategy that you've proven to yourself. Analyze your good trades and your bad ones. You can continue to develop your trading skills by testing your trading strategies on your demo account.