Module 1

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.

Who is a broker?

Everyday people are not able to trade currencies directly in the foreign exchange market. In the past, only people with large sums of money could establish a relationship with a bank to trade. Today, the Forex market allows brokerage firms, called “brokers” for short, to participate and bring private clients. The market is now open to all investors! With the introduction of AI in this area, small investors can now trade on the same playing field as the largest traders. This is an advantage that is revolutionary. Opening a Forex trading account is fairly easy for almost everyone, but US citizens have stricter financial reporting requirements and therefore it is more difficult (but still possible) to open an account.

What is important when choosing a broker for Ainstein?

*An A-Book Broker is a broker who works on a commission basis, i.e. they have no intention of trading or manipulating their clients’ transactions.

1. Must be an A-book broker*
2. Must allow hedging
3. Must to allow automated trading
4. Must provide 500:1 leverage

My Personal Broker

You are free to choose any broker who meets the above criteria. The Broker I personally use is VantageFX. You can register here for free:

Once you have decided which broker to start with, it is time to set up your accounts. I will walk you through the process with the Broker I use, VantageFX.

What you need for registration

ID OR PASSPORT

For verification

EMAIL ADDRESS

For credentials

You will need a copy of your ID or passport and proof of address (an invoice with your current address on it, like a phone bill), which you can upload for verification.

Email address to receive your login, password and server name for live and demo accounts. You will use these later to connect your broker to your trading platform on Auvoria Prime Connect (VPS).

NEXT: SET UP A LIVE 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.