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If you’re a person who have difficulties in learning by reading a bunch of theories, step by step guidance may be the one that you need. If this step by step guide is applied in a good forex trading tutorial where you can test it right away, it will be easier for you to understand the lessons. Nevertheless, if you’re not familiar with forex trading at all, you still have to start with theories such as definition of leverage, pips, currency pair, etc. But since the motto of a good forex trading tutorial is “make the student do it”, here’s what you should do: 1. Apply for a practice account in a MT4 (MetaTrader4 trading platform) online forex broker. Here are some suggestions: AvaFX, TadawulFX, and FXCM. Be warned that AvaFX and FXCM have their own default trading platform (called AvaTrader and FXCM Trading Station), so remember to pick the MT4 (MetaTrader4) platform as this trading platform is what you need if you have plan to use forex robot in the future. Check AvaFX review to see why I highly recommend AvaFX. 2. After you install the platform, log in and check the platform interface. With the trading platform before you, it’ll be easier to explain something and you can test it right away. On the top left section, you'll find the currency pair table. The “symbol” column consist of currency pairs such as USDCHF (US Dollar and Swiss Franc), GBPUSD (British Pound Sterling and US Dollar), EURUSD (Euro and US Dollar), and so on. The "bid" (AKA "sell") columns beside it contain the exact amount of the second currency that you will gain when you sell one unit of the first currency. Example: sell EURUSD at bid rate 1.362 means you spend EUR 1 to gain USD 1.362. The “ask” (also known as “buy”) column represents how much you must spend the second currency to gain the first currency. Example: buy EURUSD at ask rate 1.378 means you spend USD 1.378 to gain EUR 1. Now right click on one of the currency pair and click “new order”. You'll see a "new order" form before you with "sell" and "buy" buttons at the bottom of the form. At this point, you don't have to implement any forex trading strategies, so just try to click one of them and you’ll get a confirmation message that you have executed the order successfully. You can check your trade information at the “trade” tab at the bottom of your MT4 platform. "Forcing" the student to test and practice the lessons themselves is a must in a good forex trading tutorial; this way, they can grab the concept being taught faster. If you can understand your trading platform interface and their uses at the end of the tutorial, you have mastered the basis of forex trading. I recommend that you claim free forex trading course that utilizing tutorial method in a MT4 trading platform at forex trading course.
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