If you’re a person that have problems in learning by studying a bunch of theories, step by step instruction could be the one that you need. If this step by step guide is applied in a good forex trading tutorial where you may test it right away, it will be easier for you to understand the lessons.

Nevertheless, if you are unfamiliar with forex trading at all, you still have to begin with theories such as definition of leverage, pips, currency pair, etc. But given that the motto of a good forex trading tutorial is “make the student do it”, here is what you have to do:

1. Open a demo account in an online forex broker that uses MetaTrader4 trading platform. 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.

2. When you’ve done with the registration and installation process, log in and study your platform user interface. With the trading platform before you, it’ll be easier to describe something and you can test it immediately.

By default, the top left area is the currency pair column. The most left column is the “symbol” column that display many currency pairs symbols such as USDJPY (US Dollar and Japanese Yen), USDCAD (US Dollar and Canadian Dollar), AUDNZD (Australian Dollar and New Zealand Dollar), etc.

The next column is “bid” (also known as “sell”) column; it represents how much you will get for selling 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”. A new order window will pop out and you’ll see two big “sell” and “buy” button. At this stage, it’s not necessary to implement any forex trading strategies , so just try to click one of them and you will get a confirmation message that you have executed the order successfully. See your open trades info by selecting “trade” tab at the bottom of the MetaTrader platform.

A forex trading tutorial which makes you constantly actively participate in the lesson can make it easier for a new trader to comprehend how forex trading works. If you can understand your trading platform interface and their uses at the end of the tutorial, you have mastered the foundation of forex trading.

Secure a free course that apply tutorial approach in a MT4 platform in trading course for forex trading. Also, check the details of a trading guide that aim for large profits at a review of LMT Forex Formula.