Module 1, Part 2

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.

Let’s start by setting up your live account

The registration usually takes only about 5 minutes. Demo account setup will follow.

Setting up a live account does not mean that you have to start trading live immediately. In fact, we strongly recommend that you use a demo account for at least a month first, but it is convenient to do the entire setup at once and have both accounts ready when you need them. There is no cost to register a live account and no subscription fees are required. You can start trading with your demo account after you have completed the steps described in Module 1 of this guide.

1. Click here and select LIVE ACCOUNT in the top right corner.

2. Enter your data and select OPEN LIVE ACCOUNT. Continue with the steps.

3. Select “MetaTrader 4”, and “RAW ECN”. Select your local currency, or select USD if your local currency is not available. The currency you choose has no effect on trading. It simply makes it easier for you to deposit or withdraw money from your account. Click on NEXT. You will then need to upload your identification to complete the registration.

4. Once your live account has been processed, you will need to select leverage 500:1. You can change this in your VantageFX dashboard area as shown below.

Congratulations!

You now have a live trading account. The account will be ready for you when you need it. Again, we strongly recommend that you start trading on a demo account first. So let’s get started and set up a demo account next.

NEXT: DEMO ACCOUNT

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.