Open Demo Account

Right. So before you get started, I recommend that you trade on a demo account because some people seem to get a little bit greedy when they see that they're making a bit of profit. They get arrogant and they make terrible mistakes and then they blow their account because they over leverage. Because they don't understand what leverage is, they don't understand what lot sizes are and they, they run into trouble. So sometimes I recommend a person to open up a demo.

And how you set up your demo account is you set it up exactly the same way as you would if you had real money. So this is how you set it up. So please log into your FPS account now. So please pause the video. Please go and log into your FPS account. Now once done, you can come back to this video and resume the video. Now on FPS you can have up to 10 accounts either on MT5, MT4 and you can have as many demo accounts as you want. So we're going to open up a demo account. So this is where you add an account over here, right? So what you need to do is you need to click on the plus sign. So please pause the video. Please click on the plus sign. Now once done, you can come back to this video and resume the video. Now where it says demo you need to click on demo and then you need to click on. I would click on A4 Novices. Let's click on the center count. So please pause the video. Please go and do those two steps. Now once done you can come back to this video and resume the video. Now I'm working on MT4. You can work on MT5 or MT4, but if you want to follow my videos properly and know what I'm doing, then probably open up an MT4 account and then make the leverage 1 to 1000. And in the trade of trade balance over here, put in the amount of capital that you have that you're going to be trading with. Make this as real as possible. Okay, so if you're going to be trading with a thousand dollars, then put in a thousand dollars. If you're going to be using a hundred dollars, then put in a hundred dollars. Once you put in your amount, you can click on the open account. So please pause the video. Please go and do those steps. Now once done you can come back to this video and resume the video. Now over here, this is where you need to save your details. Okay, so save these details because you're going to need them later when you set up your phone which is in the coming videos. So please go and save these details now. Please pause the video. Please go and save these these details now. Once done, you can come back to this video in the course and then go on to the next video.