Module 1, Part 3

Learn more about brokers and why you need one for trading, set up your demo and live accounts and learn how to set up your trading environment. You can start trading with your demo account after you have completed the steps described in this Module.

Set up your demo account

The registration usually takes only a few minutes.

Now we recommend you email and ask them to change your Demo account settings

  • Change your account balance to a more realistic amount that you are likely to start trading with

  • Change leverage to 500:1

  • Change the account to Unlimited. This way it doesn’t expire after 30 days

Now let’s jump over to Elevaite and set up your VPS


Trading Disclaimer

Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital. Not all products are available for the US markets.