As currency pairs I trade (EURUSD, GBPUSD and USDCAD) are confusing (unclear) at the moment,
I'm going to guide people who are wishing to open a demo account as a practice account before losing any money on forex because forex is not an easy job just like Merlin (1kt Trader in forexfactory) said, "Forex is one the hardest profession in the world". It is much better to start a demo account, learn the market rhytm, then go live later on. Do around 50 or more trades and when they result positive, we could go live.
Okay let's do the Quickstart.
- Find a broker - You can find one by clicking the google advertisement above showing "forex trading" etc; or if you do know a well-known broker you can download their platform directly from their website. For traders in Indonesia, I recommend RealTrader which I also use. Easy to deposit/withdraw fund for later live trade.
- After installing your platform, Go to File > Open an Account > Fill in the blanks (does not have to be your real information just yet, it is only a demo account)
- You're done installing a forex platform! To download Phillip's 4hour_MACD template click here.
- Insert template to template folder in your platform's directory e.g: C:/ --> Program Files --> RealTrader --> Templates
- Open-up your chart and right click on it and find load template.
- That's it! Let's trade and remember to save your information so you won't have to start all over.
(P.S: 1. I'm not a broker of RealTrader, however, I can help Indonesian traders to contact directly to their online brokers; 2. Quickstart guides will work on most MT4 platform).
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