Trading operations in the Forex market require certain training from market participants, and are characterized by greater risks associated with the loss of real funds. That is why most brokers and experts in the field of trade advise beginners to start their activities with a scoring account.
Having started trading in this way
The trader does not put his initial capital at risk, but, on the contrary, enables him to keep it. According to statistics, most of the beginning players of the exchange cannot cope with the excitement and psychological load, so their first deposit is always lost.
In order to open a demo account, you need to download the distribution package with the installation file for the trading terminal and install it on your computer. To carry out trading operations in the financial market, most players use the terminal MetaTrader.
MetaTrader 5 Online demo account
MetaTrader is one of the most famous and time-tested marketplace. Traders knowingly give it preference, because it is different:
The distribution, downloaded from the official site, is launched. The welcome screen opens, where the program is described. Press the “Next” button.
A window opens with a license agreement, with which the trader should read and agree (tick the appropriate box). Press the “Next” button.
A window opens in which you can select the path to install the program and select additional options. Press the “Next” button.
After installing the platform, a window will appear with the appropriate notification. Click the “Finish” button.
After installing the MetaTrader 5 trading terminal, the terminal window will open. During familiarization with the basic functions of the program, a trader can customize it for yourself.
The newcomer will be asked to fill out the registration form. It is necessary to enter the required information. In this case, you will need to select the type of the training demo account. You should also indicate the initial amount of the deposit (in US dollars).