We open accounts only for persons over 18 years of age.

You must register an email address before opening an account. If you do not have mail, we strongly advise you to start it. To do this, it is not necessary to install a mail program (such as OUTLOOK or BAT), many sites allow you to use mail through a web interface, such as Yandex, Rambler, or Mail.ru.

The account is opened no more than 10 minutes. The conclusion of the contract consists in the acceptance of a public offer.

The trading account management system is your personal account, in which you will perform all operations related to opening an account, depositing funds into an account or Withdrawal. In the trading account management system, you can carry out the procedure for opening an account, send a notification about the transfer of funds to the account and an Instruction for withdrawing funds from the account. Your personal page will promptly display all information about the movement of documents and funds sent by you to Forex Club or Forex Club in your name.

Select when registering Username (login), under which you will log into the system. It doesn't have to be your first or last name, but you must remember the word you choose. Therefore, we strongly recommend that you do not share your login and password with third parties. If an attacker finds out your username and password, he will gain access to manage your money.

2. Login to your account, fill in all the fields of the on-line questionnaire, indicating your passport data and answering the questions. After filling out the questionnaire on the site, read the contract and the provisions and accept them.

For further transfers and withdrawals of funds, you need to specify the details of your bank account or web money wallet. You can specify both. It is not necessary to indicate the details immediately when filling out the questionnaire (perhaps you do not have them at hand at the moment). You will be able to add/change payment details later. BUT you should be aware that we do not accept payments from third parties, so you only need to provide your personal details.

3. Next, you need to select the type of account you will work with - Libertex, MT4-Instant or MT4-Market. These types of accounts differ in terms of trading. Please read the terms and conditions carefully. Choose the trading method that is more convenient for you. You can have three account types - Libertex, MT4-Instant or MT4-Market. But keep in mind that the logins and passwords for entering these terminals are different and do not match.

4. After that, a trading account will be opened for you. You will see the trading account number on your page in. Specify the number of your trading account when replenishing it (in the purpose of payment).

Hello, dear readers of the blog site!

Have you decided to follow the advice given in the article "" and get to know different companies so as not to make the wrong choice? The hero of today's review is Forex Club broker, perhaps you will like it more.

Let's take the pair CAD/JPY (Canadian dollar/Japanese yen) as an experimental sample and analyze the chart using it as an example.

At first, it is presented in the “Area” format - a line, the area under which is painted over. To be honest, I don’t know what this model is used for, it seems to me completely uninformative.

Other options are a line (the same, but without the shaded area, similarly uninformative).

Or Japanese candles.

The developers have departed from generally accepted principles: the background, as you can see, is black, bullish candles are green, and bearish candles are red. The graph can be enlarged, reduced, stretched to full screen. If we move the cursor over it, we will immediately see a crosshair.

As it turned out, the traditional format still remained. You can choose to display the chart with “empty candles”, then red (shaded) will be bearish, and not filled (black) will be bullish.

If you are used to working in bars - please.

The time intervals in Libertex are the same as in the fourth version of MetaTrader, which we previously analyzed in the article "". In theory, they are quite enough for successful trading.

No spreads are charged when trading with Libertex. Forex Club offers a simplified trading system with a commission of 0.03%. Commissions are not displayed on the chart as spreads, so be careful.

How to earn the first money in the Forex Club? Naturally, you have to open a deal. To do this, click on the corresponding icon above the terminal window. In response, the following window will appear.

That is, in order to conduct technical analysis for a certain currency pair, we must open a window for a new transaction. It is impossible to draw lines or channels on a regular chart, but when switching from one currency pair to another, the developments are not erased.

Graphical tools are present in their full variety, you can adapt the chart to absolutely any trading strategy.

A well-developed set of programs for indicator analysis, however, there is no category of custom indicators.

So, the features of the analytics have been missed, let's consider directly the opening of a position. The concepts of "lot", "spread", as I said above, do not exist. Instead of a lot, simply the volume of purchased currency units is indicated. Accordingly, if 1000 currency units are displayed, the transaction will open with a minimum volume of 0.01 lots (it is allowed to open positions for 500 units, which is very strange).

The multiplier helps to use leverage in trading. If the transaction amount is $500, and the multiplier is “2”, we borrow another $500 from the broker. The total transaction amount is $1,000.

The commission, as you can see, is indicated as a percentage. If we plan to scalp in the market, then it will be difficult to determine the spread value by the commission, and it is simply unrealistic to scalp for minor pairs because of the killer spreads. Therefore, be careful and find out at what price it will start before opening an order.

To set Stop Loss and Take Profit, you need to click "Limit Profit and Loss".

By default, the values ​​are immediately set to increase/decrease in price by 30 percent, this indicator can be changed.

Let's open a position with the smallest lot for the USD/JPY currency pair (for example, for an increase).

The position is now displayed in the menu on the right with an indication of the profit, which can, of course, be negative.

You cannot set TP and SL levels by dragging. The only options are to enter certain values ​​before or after opening a trade.

After closing a position, the terminal shows the profit / loss, the time of the "life" of the transaction. The balance is instantly updated.

Under the terminal there is a news feed, where key daily news is published in Russian. A convenient function is a quick transition to the chart for the currency pair to which the news is addressed.

So, we have considered the features of Libertex, let's move on to other platforms.

Rumus Terminal

A feature of the broker in question is the need to open several accounts for trading through different terminals. When registering on the site, we automatically create an account for Libertex, and after that, through the appropriate tab in the menu of your personal account, we create accounts for MT4 and Rumus (if we are eager).

Thus, the first step is to go to "My Accounts" in your personal account.

Now we create a trading account or training account. I will choose the demo. Forex Club offers three options: MetaTrader4-Instant, MetaTrader4-Market (read about the difference below) and Rumus.

A demo account is created automatically - the system instantly gives us a login and password for authorization in the terminal. It remains only to download it and install it.

First impressions of the platform are quite good. The interface is similar to that of a metatrader, and there should not be any difficulties in the process of work.

If everything is entered correctly, you will see five thousand dollars on your practice account.

By default, two charts are displayed on the screen, you can stretch one currency pair to full screen or view several at the same time. Let's take the EUR/USD exchange rate as an example.

Bullish candles are white with blue borders, bearish candles are black. Under the chart, there is an indicator window (in our case, this is the Stochastic oscillator, which we will get acquainted with in detail in the future). If you do not plan to trade using indicators, just close the panel with a cross.

To customize the graph view as needed, right-click and select "Properties".

Or just open the tab in the menu on the right.

For now, I'll leave everything as it is. Graphical tools in the terminal are not available in all their variety, but the main ones are still available.

Lines cannot be copied and dragged, in my opinion, this is a drawback. To build equidistant channels, thus, it is possible only with a special tool. If we want to change the slope of the line or drag it to the side, we will have to move the top point first, then the bottom point, since there is no hold in the middle.

It's Saturday, the Forex market is closed (you read the first article and you know the reason, right?), so I can't open a position. However, the form of a new order practically does not change: to send an order to the broker, you need to select a currency pair, specify a lot (the default is always 100,000 units - a whole lot, the minimum is 1,000).

If the “Deal at the current price” parameter is set, the purchase / sale of the currency will be made at the price that will be on the market. In order to avoid misunderstandings, it is better to set the range to several points.

The time frames are different from those available in MetaTrader: there are 10-minute, 3-hour and annual timeframes, but there are no 15-minute, 30-minute, 4-hour and weekly ones.

The chart is drawn in the format of Japanese candlesticks, bars, lines, shadow candles and dots. The last two options are not informative and inconvenient, I don't think anyone would want to use them in the process of technical analysis.

To change the scale, press either +/- on the keyboard, or use the magnifying glass in the toolbar.

The news feed is located not under the charts, as in MetaTrader, but above them in a separate tab.

We draw a conclusion. The Rumus terminal is well adapted for trading on the market, the interface is transparent, there will be no problems with development. There are a number of differences from MetaTrader, and these differences do not honor the developers. It is probably better to use either Libertex or MetaTrader 4.

MetaTrader 4 trading terminal - Instant and Market accounts

MetaTrader is available in Forex Club in two versions: Instant and Market. Guess what's the difference?

"Market" in translation means "market", that is, transactions are opened at the current market price, this option is mostly suitable for those traders who value the speed of trading (primarily for scalpers).

Instant, when the current market price changes, before opening an order, it will constantly issue a requote (that is, a message about new prices) and ask if we agree to buy / sell currency at the updated price.

When a financial advisor told me about these details (the Forex Club has an excellent support service, calls are answered almost instantly), I asked if there were any other differences. After all, you can probably set the allowable deviation from the current price on Instant and not migrate to another account (we will find out a little later). As it turned out, there are differences, and important ones.

When trading through MetaTrader, we pay our broker not only the spread, but also the commission. On Instant, the spreads are larger and the commission is zero, while the Market offers more affordable spreads if you need to make commission payments (the amount depends on the currency pair).

If you have any questions regarding the work of the Forex Club brokerage firm, please ask them in the comments. Good luck, successful trading, maximum profit!

How to open a real account on the Forex exchange for a beginner? detailed instructions

Today, many users are looking for an opportunity to earn money on the Internet. Most lean towards Forex, indeed, there are unlimited opportunities in this market. To one degree or another, almost everyone has heard that you can make good money in the Forex market. Perhaps your friends have been earning on the stock exchange for a long time. It may seem to a beginner that opening a Forex account is difficult and requires special knowledge, as a rule, this is not the case.

To open a trading account, a beginner does not need any serious knowledge and skills, everything is very simple and clear. The only thing you need to start trading on the Forex exchange is to familiarize yourself with the principles and concepts of the Forex exchange itself.

The concept of the Forex currency exchange

In simple terms, the meaning is:

Forex exchange is an exchange office, like in any bank, you buy one currency for another. For example: in a bank you give rubles and buy dollars or euros, I think many people did this. Then, when the exchange rate of these dollars or euros became more expensive, you again go to the bank, sell them and get rubles back, and the difference (in Forex it is called profit) you get into your pocket. This is in a nutshell, so that you understand the essence of the process.

Nowadays, everything has been simplified, you do not need to go to the bank, everything can be done at home, via the Internet. You choose a broker (Dealing Center), of which there are now a lot, a broker (Dealing Center), this is the same bank, but only on the Internet. You can choose any broker for yourself by familiarizing yourself with it on this page. Download to your computer a trading terminal, "MetaTrader 4", this is a program through which you will make transactions (buy or sell), any Forex broker has it. And start buying or selling whatever your heart desires.

It can be a currency (see the list of popular ones), metals (they are described), such as: gold, silver, platinum and palladium. Yes, they can also be bought and sold. You can make money on oil, (look at schedule, it will be interesting), especially since oil is now more popular than ever. All this can be done at home, "lying on the couch" and not going anywhere.

Today, the Forex exchange operates 24 hours a day, 5 days a week. Weekends as usual, Saturday and Sunday. According to this principle, many people, banks, financial corporations, and everyone who is not lazy to trade and earn money, and this is true without exaggeration. So to be afraid and not to trust it is just stupid. Read or look at You Tube how people make money, you will understand that you can do the same, maybe better.

What account to open on Forex?

Depending on your knowledge of the Forex exchange and financial capabilities, you can open any account at a Forex broker, replenish your trading account, start earning: by buying and selling any assets presented in the MetaTrader 4 terminal. There are several types of trading accounts. When opening a trading account, you need to pay attention first of all to the style of trading (Will your style be aggressive or conservative?) and the size of your trading account, that is, how much money you have in your account. From these parameters, the accounts are divided into:

Demo (Demo account)- This account is opened by all traders who have been trading for more than a day, to test their trading strategies and novice traders who are just starting to learn the trading terminal "MetaTrader 4". But it is not recommended to get involved in trading on a Demo account, since then it is difficult for a beginner to psychologically switch to a real trading account, because of the fear of losing their funds on a trading account.

Cent (Cent account)- This is a real account and trading is carried out with real money. Typically, such an account is opened by traders who have small deposits up to $1,000. It is recommended to open a cent account for beginners. If on a regular account the balance is displayed in 1000 dollars, then on a cent account, the balance will be displayed in 100,000 cents. On a cent account, you can trade with a volume of 0.1 lots, which is the equivalent of 1 cent per pip. Such trading is considered safe and conservative.

Micro/Mini (Micro/Mini account)- These are already dollar accounts that require certain conditions for the size of the deposit. In order to open a real Forex account of the Micro or Mini type, you need to make a deposit ranging from a few hundred to a thousand dollars. Each broker has slightly different requirements for opening such accounts. In any case, they are characterized by trading with minimal (0.01) and small (0.1) volumes. Such accounts belong to the category of more professional ones.

Classic (Classic account)- Are you ready to deposit several thousand dollars? Do you have a complete understanding of the Forex market? Are you good at technical, wave and fundamental analysis? Do you have good trading experience? Then this type of account is for you.

Pro (Pro account)- Such accounts are preferred by professionals with a deposit of $10,000 or more. On such accounts, the risks and profits are much higher than on a regular trading account. You can trade on such accounts only with a good deposit and an excellent understanding of the market situation.

PAMM (PAMM account)- This is a trust account management. The bottom line is that a client who absolutely does not know how to trade on the Forex exchange, but who has a certain amount of money (now you can start with $ 10), comes to a Forex broker as an investor, entrusts his funds to the chosen manager.

The manager can only trade with the investor's funds, but does not have the right to dispose of them (withdraw, exchange, etc.). Profits and losses are divided between the manager and the client, depending on the terms of the agreement concluded between them. A successful manager can take in trust the funds of several tens or even thousands of investors (this is often practiced).

In fact, a PAMM account is not a trading account. It is recommended for those who do not know how or do not want to trade on their own, but have a certain amount of money and are ready to give it to trust management, taking into account all the risks.

Choosing and opening an account with the right Forex broker

You have decided to make money on the Forex exchange. You must first select and open an account with the right Forex broker and have the opportunity to learn and develop yourself, without extra expenses. Almost every Dealing Center offers very attractive conditions for trading at first glance. Bonus when replenishing a trading account, return of the spread (this is a fee from each transaction when you open a position to buy or sell), etc. This is certainly tempting, there is nothing wrong with that, all because every Forex broker is fighting for his future client.

Now there is practically no deception, as it used to be. Each Forex broker values ​​its client and tries as much as possible to create ideal conditions for trading. At the moment, there are such Forex brokers who pay a commission when replenishing and withdrawing funds to payment systems. Since commissions can reach up to 5 percent of the amount replenished or withdrawn, and this is serious money. Each Forex broker has different advantages, a beginner needs to correctly determine the best trading conditions from the variety that is presented on the brokerage market.

Now there are many Forex brokers, but it is necessary to give preference to those who have been working on the market for more than a year. Conducts various contests and promotions who encourages its client. If you choose your future Forex broker for whom you will work for a long time, you first need to know everyone who exists and provides brokerage services. From list, after familiarizing yourself with each, you need to choose one single. The Forex brokers page contains the entire list of the most reliable and trusted brokers who have been working for more than a year and have proven themselves on the positive side.

1. how to open and close deals;

2. how to place pending orders and what it is in general;

3. how to open currency charts;

4. how to switch the time interval (time frame), from M1 (minute chart) to MN (monthly chart);

And much more, of course, it's hard to do if you don't know where to start. So that you do not get confused, after downloading and installing the MetaTrader 4 terminal on your computer, press the "F1" key and the "Client Terminal - User Guide" window will open in front of you (see figure).

Further, I think you don’t need to explain anything, you will understand everything yourself, in this manual, everything is written clearly and point by point that even a child will understand. In this user manual, there is an answer to every question you have. You just have to carefully read everything and try it on your demo (DEMO) account.

And finally, Forex broker, which one to choose?

Since you are just a novice trader and do not have trading experience and serious amounts to replenish your trading account, I recommend opening an account of your choice with two Forex brokers, these are:

Ask why the choice fell on them. I will answer this way: These Forex brokers have accounts specifically for beginners who do not have serious amounts for trading.

●   Broker Roboforex, give a chance open cent account Cent-Fix, where you can trade with $100 in the same way as if you traded on a regular account with a deposit of $10,000. The fact is that trading on this account with a lot of 0.01, you will get not 1 cent per point (as on a regular cent account) but 0.1 cent. It's good for both learning and trading robots - advisors(What are advisors can be found on this page). A great opportunity to trade with real money and learn without risking your deposit.

●   Broker Forex4you, makes it possible to open a cent account and trade on it without paying a commission for transferring positions to the next day (swap). You can open a deal, the broker will take a fixed spread from you, and you can keep this deal open for at least a whole year. In a word, the choice is yours.

Hello dear friends! First steps in trading are associated not only with the selection of a working trading strategy and its testing. You have to solve a lot of auxiliary issues - including the choice of account type, comparison of brokers by a lot of indicators. Open a Forex account simply The procedure itself takes no more than a few minutes. But before you start filling out the registration form, I suggest you figure out what types of accounts exist and what are their features. Also today I will touch upon the issue of choosing a broker, this also has pitfalls.

Forex account classification

Beginners do not pay attention to this at all: they open the first type of account that comes across and work on it. Sometimes this approach leads to inconvenience. Example - you have $100 (the amount is small, but at the start it will do), you open an account like classic or Pro simply because it sounds more solid, and are forced to work with a minimum lot in 0,1 .

With such a lot, one pip will cost about $1, depending on the currency pair. As a result, even with a stop of 20 points, the trader loses 20% of the deposit. It is impossible to trade normally under such conditions, you will have to transfer money to another account or add funds to the current balance. Below I will briefly list the types of Forex accounts, indicating their strengths and weaknesses.

Demo account

The name speaks for itself - it is training account, the money on it is virtual, the trader himself decides what the balance will be. If you merge the practice account, you can immediately replenish it with any amount through your personal account and continue the experiments.

Peculiarities:

Some brokers position a demo account as an advantage over competitors. It's more of a marketing gimmick for newbies. Today, having a demo account is not an advantage, but common practice.

I recommend a demo account for beginners to practice their trading skills. It will also come in handy for those who have been on the market for a long time - you can try out new strategies, advisers. The basics of working with virtual money have already been sorted out in more detail, there is on the site.

cent account

Starting from this account, trading is carried out with real money. The peculiarity is that the trader's capital is virtually increased by 100 times. Let me explain: if deposit $100, then in the terminal this amount will be displayed how $10 000 .

In fact, no one will give you "extra" money. Brokers use this technique so that traders with small starting capital can trade and do not experience problems with compliance with the rules. money management. The minimum lot for this category is 0,01 or 0,0001 from the standard lot. That is, the minimum value of a pip is about $0,001 .

Peculiarities:

A cent account is the perfect choice for a beginner. On the one hand, you do not risk a lot of money, on the other hand, you immediately get the whole range of necessary emotions from trading.

Just like on a demo, on a cent account you can experiment with new advisors and strategies. It is well suited for martingale advisors, it is easier to comply with money management ( MM) + the pressure on the deposit decreases.

Opening a cent account with Exness broker

No Dealing Desk (NDD)

There are 2 types of accounts that fall into this category − ECN and STP. They are united by the fact that traders' orders are transmitted through them liquidity providers, that is, the broker does not participate in their execution:

• ECN– your order enters the market to liquidity providers;
• STP– the principle is the same, but the trader’s order is sent alone authorized liquidity provider.

If the explanation of what an ECN account is is not entirely clear, take a look at the figure above.

Among the features I will highlight:

• Order execution speed. about such a phenomenon as requotes you can forget, even at times of high volatility, transactions are executed almost instantly;
• The broker loses the ability to influence your transactions;
• Spread from 0 pips;
• There is minimum amount limit made at the first replenishment.

Some brokers offer NDD accounts in both cent and Classic and Pro categories.

Accounts for experienced traders

• Possible restrictions on the minimum balance;
• Maximum execution speed. Pro accounts - the choice of those who deposit large amounts, for such clients the broker tries to create the best conditions, their applications are paramount;
• On Pro accounts a little higher commission, but the difference compared to Classic is small - about a couple of dollars per lot;
• Spread minimum;
• Since there are considerable amounts on Pro accounts, broker limits leverage, it is less than on a classic or cent account;
• Maximum number of trading instruments.

In the picture above, I have compared the accounts of the Forex4You broker. As you can see, there are enough differences, and you need to select the type of account taking into account the capital and the intended trading style.

Opening a Classic account with FxPro broker

The video below describes peculiarities different types of Forex accounts.

How to open a trading account - instructions on the example of the broker FxPro

You can open a trading account in a few minutes. The procedure is not much more complicated than registering on some site. There are a couple of nuances, I will dwell on them in more detail.

The instruction looks like this:

1. On the broker's website, click " Create an account»
   
2. The registration form opens. FxPro operates in multiple jurisdictions, so there are sections at the top of the form CySEC, FCA, SCB. Depending on which country you access the site from, the required jurisdiction is automatically selected. When filling out items Name and last name important not miss a single letter. I recommend to rewrite the data from the passport or from the bank card
3. The next step is to fill current registration address. When verifying, you will need to confirm it, so write the address where you live and which you can confirm.
4. Next, you need to answer a few questions regarding your experience in the market, the capital with which you plan to start working, and the source of funds. There are a couple of questions for level control your knowledge.
5. In the last step, you are asked to indicate terminal, through which the work will be carried out, select account currency, agree to the client agreement, set the preferred language. There is also a point about verification- It can be done immediately or later.

This completes the Forex account registration, you can replenish your account and trade. I recommend not to delay with verification. Some brokers require it to be completed right away, while others allow you to work without it. But there is a general requirement - withdrawal of funds is impossible without verification.

Open an account with FxPro with min spreads

As for the registration procedure itself, it can be easier than in the instructions above. it depends on the specific broker.

Criteria for choosing a broker

• Reputation and work experience, reliability. Do not be too lazy to study the history of the company, whether it has been caught in the past in an unfair attitude towards customers. Availability required regulators both local and international;
• Order execution speed. Some publish this data, others do not;
• Spreads– the more popular the broker, the higher the liquidity, which allows him to reduce the spread to a minimum;
• Commissions for 1 lot of turnover;
• Change range leverage;
• Swaps, availability of swap-free accounts – the so-called islamic accounts;
• Minimum deposit requirements. Most companies have not put forward exorbitant requirements for a long time, and you can start working on a cent account with at least a few dollars. If the company is young and sets a high entry threshold, this is cause for concern;
• On what platforms can work;
• What kind tools available for work;
• Do the quotes real;
• Conditions for deposit/withdrawal of funds. If the broker is good, but does not withdraw money using methods convenient for you, there is little sense from him. Presence in the list of supported methods WebMoney indirectly speaks in favor of the reliability of the company;
• How technical support works. The main criterion is whether they help in solving problems or everything is limited to standard unsubscribes.

Services to help you compare brokers

When choosing, you have to compare companies according to many criteria. Facilitates service work myfxbook . In chapter Brokers can:

Myfxbook is not a decisive argument when choosing a broker. Use it like tool for working with an array of statistical data. In addition, the network is full of various ratings, tables with the final assessment of each company. Believe them or not - it's up to you, but in most cases, compilers often have problems with the argument. One and the same company can be placed both in the TOP-3 and in the second ten participants.

Which broker should you open an account with?

• fxpro
• Just2Trade
• Exness

conclusions

If you are just thinking about what a trader's account is and which one is better to choose to get started, I recommend do not start immediately with Pro accounts. At the beginning of work, stability is important; you should not immediately deposit a large amount. There are brokers that allow you to trade with just a few dollars - for a beginner, this is an ideal option.

When you reach a stable result, you can think about switching to an account with a higher class. Open an account with a FxPro, Just2Trade or Exness broker and trade: the companies are reliable and will definitely not put a spoke in your wheel.

Forex trading is not rushed. Literally every step is necessary think carefully, including the selection of the type of trading account. I hope you did the same when you started trading.

On this I say goodbye to you, I hope that my recommendations were useful to you. In comments ask questions if you cannot decide how best to organize the entry into trading. I will gladly share my experience. Don't forget to subscribe to my blog updates. Useful materials are published frequently, a subscription ensures that you do not miss them.

If you find a mistake in the text, please highlight a piece of text and click Ctrl+Enter. Thanks for helping my blog get better!

Thanks to the service of dealing centers "leverage", traders have the opportunity to trade, starting with small amounts, for example, from a few tens of dollars. It also made it possible to divide the classic Forex account into standard, mini, micro and demo accounts. In order to open a trading account, you must first decide which of these types is most suitable at the moment.

Demo accounts, unlike cash accounts, are more often used by traders to learn or test trading strategies. Demo Forex account differs from regular trading accounts only by the virtuality of the cash deposit. That is, the money on these accounts is not real, and you can lose it as much as you like, which is good for learning, but not very good for developing trading skills. The point is that a long practice of trading on a demo Forex account quickly becomes boring, and, having not decided to open a real account, a trader slowly leaves the desire to learn how to trade and earn money on Forex. Trading on a demo Forex account brings just as much pleasure as playing poker on candy wrappers.

It was in order to attract more traders that a micro Forex account was developed, on which trading is carried out for cents. The amounts on it are small enough so that, after a big loss, not to discourage all the desire to continue trading, and real enough to increase interest in currency speculation. Having mastered the micro account, self-confidence appears, and you can move on to a mini or even standard Forex account.

Mini Forex account is between micro and standard trading account. If it is better to start trading on a standard account with a few thousand dollars, then a mini account allows you to operate with smaller amounts, but not cents, as it was on the micro version.

In order to open a Forex account, everyone will be asked to read the risk warnings, terms and conditions and rules of interaction with the dealing center. Despite the large number of brokers, the procedure for opening an account is the same for most. Forex account will be opened automatically after filling in all the required fields of the registration form, after which it will be possible to make an initial deposit, the minimum of which is set by the broker, or indicate the desired amount on the balance in case of opening a demo account.

Unlike cash accounts, demo accounts are opened directly in the trading terminal, and not on the broker's website. This makes it possible to open a new account every time the balance on the old one ends or open them in parallel. In order to open a demo Forex account, just select the “open a new account” item in the MetaTrader4 terminal menu and fill in the required form fields, after which the server will automatically generate a password for the account. After that, the account can be used immediately. The loss of several virtual trading accounts does not threaten anything, just like the parallel opening of several accounts.

from www.forexarena.ru / Forex Arena