Forex courses online – Basics 2020

Course Prerequisite

  1. Forex Demo Broker Account (See below if you do not already have one)
  2. Passport or Identity Document and Proof of address not older than 90 days (You will need these documents for verification purposes)
  3. Your full attention
  4. Practice, practice practice!!!

 

Forex Broker Demo Account

In order to be able to practice the exercises in this course, you will need to open a demo account. A demo account is a practice account where you are able to trade live using fake money and not your own money.

Once you are comfortable with a demo account, you can then deposit real money and apply what you learned while using a demo account.

 

Here are the steps to follow when opening a demo account:

 

Click on this link (Non-US learners):

Recommended broker.

 

For the United States learners, please follow this guide for a demo account:

Recommended US broker

 

Non-US learners, follow the below guide.

 

Click on the “Open Account” button at the top of the screen.

FXTM broker

 

Fill in your details

  • First name(s) – As per your Identity document
  • Last Name – As per your Identity Document
  • Country of residence – Should be chosen automatically if you are not using any proxy or VPN
  • Mobile phone – Enter the correct number as this will be verified
  • E-mail - Enter the correct e-mail address as this will also be verified
  • Password – Choose a strong password with Letters, Numbers and Symbols (This will be your broker password on ForexTime.com)

Click on “Send Pin” – A PIN will be sent to your cellphone and E-mail address. You may use any of the two PINs for verification.

Enter the pin, accept the marketing consent and then click on “Register Now”.

On the next page, enter all the necessary details to the best of your ability, Accept the agreements and click “Submit”

FXTM Broker

On the next page, select as follows:

  • Account type – FXTM Standard
  • Account currency – Any that you prefer
  • Account leverage – 1:2000
  • Trading Account Password – Enter a strong password twice (This is different from your ForexTime portal login account that you set earlier. It will be your password to your MetaTrader account, more on this later)

Click “Open Account”

 

Next: Click on “Download platform”

FXTM Broker

 

Select the “Metatrader 4 Trading Terminal for PC” or “Metatrader 4 Trading Terminal for MAC” depending on your Operating system. Download and install the application.

Go to your Desktop, you will see a ForexTime (FXTM) MT4 icon (Windows). Double click the icon and login. To find your login details, go to the e-mail that says “Congratulations! Your new trading account is now open”. Metatrader login (at the bottom of the e-mail) and use the Trading Account Password that you entered above.

Should you need to install one for your phone, hover your mouse over the QR code, scan the QR code with your phone to download the platform.

Go to your e-mail account that you used for registration. Open the e-mail that says “action required with regard to your verification” – see below!

Click “upload”

FXTM broker

Upload your Identity document as per the e-mail and your proof of address.

 

Open a Demo account

Click on “My Accounts” on the left-hand side, then select “Open New Account”

FXTM broker

Select Demo Account.

Account type – FXTM Standard

Choose currency

Account Leverage 1:2000

Complete the passwords fields

Initial balance – any amount, I suggest 20000 USD

Click “Open Account”

FXTM broker

Your Metatrader Login details will be displayed

Download the Platform just as you did above and login using the details given.

You are now ready to continue with the course content.

Forex courses online - Introduction

This video is an introduction to forex trading. It explains why indices are important during forex trading. Our Forex courses online are free; just for you.

What Are Indices?

Learn what indices are in the context of the forex trading world.

Why Are Indices Important?

Understand the importance of indices in the forex trading world.

The Different Types Of Indices

Learn about the different types of indices that are well-known in the forex trading market.

Which Asset Classes Have Indices?

Not all asset classes have indices; find out which ones do have indices. Forex trading at its best.

Which Indices Are Tradable Checking For Tradability Of Indices?

Learn the tradability of indices in the forex trading course.

Forex Indices

Learn about the forex indices in the currency exchange market.

Additional information

Wrap-up and conclusions. This is one of the few forex courses online. It is an introductory forex trading course.

Are you ready to trade on a real account?

 

NON-US LEARNERS

 

Go to forextime.com and login into your account.

Click “My Accounts” and then “Accounts overview”

 

FXTM

Under My Demo Accounts, click on the down arrow and select “Delete Account”. We would like to delete the Demo account so that we do not confuse it with our real accounts.

 

FXTM

Under My Trading Accounts, click on the Deposit button (Minimum 100 USD).

FXTM

Choose your deposit method and follow the instructions.

 

Remember to deposit using your Credit card or Debit card (e.g. A cheque/current account) select the Credit/Debit Cards option depending on whether your card is VISA or Mastercard.

Once the money deposited reflects on your account, you may trade real money the same way you have been trading with a demo account.

UNITED STATES LEARNERS

Log into the PaxForex Account that you created above.

Go to "My Account Summary"

Under "Trading Accounts", not Demo, click on the Account (e.g. Standard, Mini) that you opened earlier. 

Forex courses online – Trading Forex indices 2020 1

Click on Deposit Funds.

Choose your payment method and follow the instructions. 

You are now ready to trade on a live account and make money.

Click below for a list of free full video courses:

Video Courses