Forex Trading with Instaforex

To enter into the Forex business you will need a broker. I tried some brokers but my choice always respects two important factors:

1- The trading platform used;

2- Spreads;

1 – Metatrader Platform

The first thing i see on a broker is if they have a version of Metatrader trading platform. It is by far the best trading application you can use in forex. It is simple to use yet powerful. It is the perfect platform for Expert Advisors and to add indicators that help us trading (more about these two things on another post).

2 – Spreads

Spreads are the profit margin of brokers. If a currency pair has a spread of 3 then it means when you open a trade you will see that your trade automatically starts in a loss, in this case 3 pips negative.

Insta Forex Broker

This is the broker we are going to use for the next posts, so i suggest you register with InstaForex.

Why do i choose this broker?

Simple, because it passed the 2 points mentioned above. It uses a MetaTrader Terminal, and the spreads are very acceptable. 3 pips for the majority of pairs that i usually trade, which is very good.

Registering with Instaforex

To register with instaforex you need to download the terminal first. It is a very simple process. There you will have to make a choice. If you want to open a Real Account or a Demo Account. I suggest that you start with the demo account first.

If you need help registering then visit this page with a step by step guide.

Feel free to explore the terminal, open charts, see how do you place trades, read the help section of the software if there is something confuse or just ask me.

Tomorrow i will show you how to get started in forex with real money completly for free!