Free guide

This section will help you understand the basics, get started on MetaTrader 4 and feel more comfortable with the markets. We’ll take you through the process of becoming a Forex trader. By signing up for a Demo account, you will be able to hone your trading skills with virtual money. Then, when you’re ready to open a Live account, we’ll equip you with a range of research tools to help you make well-informed trading decisions.

1. Practice with a Demo account

A Demo account allows you to apply your knowledge in a real-life trading environment without risking your money. An advantage of having a Demo account with Alpari (UK) is that, compared with many of our competitors, if you keep trading your Demo account will not be shut down after a certain time. So feel free to practice until you feel comfortable trading for real but always keep in mind that you won’t get a chance to make profits in return for your efforts if you use a Demo account only.

Demo accounts are for:

  • Developing and testing trading strategies
  • Becoming familiar with MetaTrader 4
  • Applying your risk management strategies and learning from the results
Open Demo account

We recommend that you open a Demo account prior to a Live account.

2. Understand how market movements work

Where will the market go next? When you trade you can choose from a wide range of analysis tools. Whichever you choose, try to get as much experience as possible and always stay informed.

Develop and test your trading strategy.

Learn from your experience and analyse your results.

Develop and test your risk management rules.

Follow your risk management strategies and amend them whenever necessary.

Be less emotional.

If you follow your emotions you will probably be more inclined to make wrong and unprofitable trading decisions. Ensure you’re always clear about your entry and exit levels as well as your objectives.

3. Open a Live account

Start trading on your Live account with a strategy that you've tested for yourself. Keep analysing your good trades and your bad ones. Remember, while trading for real on your Live account, you can still try out different strategies on your Demo account.

Open Live account

Why trade Forex with Alpari (UK)?

Any questions?

At Alpari (UK), we pride ourselves on our world class client service. If you have any questions, please feel free to contact us.

Find your answer
support@alpari.co.uk
+44 (0)20 7426 2890
+44 (0)20 7426 2900

 

Risk warning: Forex, spread bets and CFDs are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.

Fund your account

You can deposit funds to your account in multiple ways.

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Alpari (UK) Events

Trading contest live at the London Investor Show FOREX 24 February 2012

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