CREATE FREE ACCOUNT

How to setup forex demo account from live account

Before going to live trade you should start with demo account. You can also create a live account for free and then from your live account, you can set up easily your demo account for practice. When you will have enough confident to go live trade, then you don't need to open live account. So, I will show you how to open a free live account step by step.

Step-01 

Go to the FOREX Broker site Click below:

 

Step-02
 Here you will see this below picture. Click on "open LIVE account" button.

 

Step-03

Here you will see a form. Simply fill up the form like below. Your name must be same to your Bank name and Passport or ID card name to verify your name and identity while withdrawing your profit.

If you select 50% bonus, you will get 50% bouns on your deposit amount. But this bonus can't be lost but you can withdraw on condition. 15% bonus can be lost but not for withdraw. 

Now type the security code in box and check the terms and condition box and finally click to "open LIVE account".

 Step-04

After completing your account, you will get an email. Check your email and click the confirmation link.

 Step-05

After confirming your account, you will get another email with your login ID and Password of your live account. Go to the Hotforex website and logged in your live account. You will see below picture. Download the Hotforex MT4 software.

You will see another download button like below. Now do according to picture below step by stet.

Now finish your setup and run this software.

Step-06:Setup demo account

 Now we will setup our demo account.For this you simply follow the below pictures step by step. From Start>Program>Hotforex Metatrader. Run the platform and you will see this picture. File> Open an Account.

Step-07
When you are setting up your demo account, you can practice with more than $100000. But it is not a good decision. If you have the ability to invest $1000 in live account, you should start with $1000 in demo account. Then you see what is the result. If you lose all $1000 then create again new demo account in the same way with $1000. Practice 2-3 months until you have the control on your trading. Read articles online. This is very important. Do not go live trade without demo practice.



Step-08

Click the next button > next> finish. Now you will see this picture. At the bottom you will see $1000 fake money added to practice.

Reed my latest very informative forex articles here.

***If you have any question, or want to know more about it,write below the comment box. I will write next article according to your problems.