1. Beginner's Guide To FXCM: Introduction
  2. Beginner's Guide To FXCM: Services Offered
  3. Beginner's Guide To FXCM: Opening A Demo Account
  4. Beginner's Guide To FXCM: Basic Navigation
  5. Beginner's Guide To FXCM: Charting Software
  6. Beginner's Guide To FXCM: Trade Management
  7. Beginner's Guide To FXCM: Advanced Features And Resources
  8. Beginner's Guide To FXCM: Conclusion

There is a lot of information available at fxcm.com and much of this information will be covered as we go through the software. Demo accounts are free and no money is put at risk, making this an ideal way to test out the software and see the features available. To open a demo account, go to fxcm.com and proceed with the following steps.

Figure 2: Forex Account-Demo Account
You are then prompted to insert your information. Make sure to input the correct email address, as the login information for your account is sent to the email you provide.

See: How To Become A Successful Forex Trader

Figure 3: Enter your information
When you enter your information and click "Register," you will receive a "Thank you" for registering, as well as your login information and links to download the software. All of this information will also be sent to the email address you provided, so if you close the window or lose this information, you can get it from your email.

Figure 4: Account information and links
Click on the "Download Advanced Desktop Platform" link. Clicking this link will allow you to install the software on your computer. You can also launch the Web Platform but we will go through this later, along with the other resources shown in Figure 4. (For related reading, see Forex Trading The Martingale Way.)

The link will bring up a box that allows you to choose where you will save the software installer on your computer. Choose your Desktop so it is easy to find, or pick somewhere else you will remember.

Figure 5: Save on your computer
Once the installer has downloaded, locate the installer on your computer and double-click on it. You will be presented with the following screen (Click "Run" to install software):

Figure 6: Click "Run" to install software
A couple windows will flash as the software installer prepares the files for your computer. After a few seconds you will be given the option to proceed with installation. Click "Next."

Figure 7: Click "Next" to continue to license agreement
You will then be presented with a legal disclaimer and license agreement. Read the agreement and click the box that says, "I accept the agreement above" if you agree to the terms. Then, click "Next."

Figure 8: Check box to accept terms and click "Next"
After accepting the terms and clicking "Next," you will be brought to a screen that allows you to choose where you wish to install the files associated with the Trading Station platform. A default location is already chosen. Make note of this location, and then click "Next." If you wish to put the files in another location click "Browse" and select a location you will remember.

Figure 9: Note file location and click "Next" to commence installation
Your software is almost ready. FXCM will provide "shortcuts" to the program on your desktop so you can easily find and open the program once it is installed. A screen will pop up to let you know this and also to give you the option of what you want to name the shortcut, whether the shortcut is available to all users (only relevant if different users are registered on the computer) and your language preference. Change the settings to your liking, or accept the setting as is and click "Next."

Figure 10: Set shortcut and language settings and click "Next"
Everything is set. You have one last chance to go back and change any settings by clicking "Back" or you can click "Next" to proceed.

Figure 11: Proceed with install - click "Next"
The software will take several minutes to install.

If there are updates for the software, these will automatically start downloading so that your software is functional and up to date.

The files have now been installed and you will be given one last window, which lets you know Trading Station has been installed. The option to run the software is already selected. You can start the software at anytime using the shortcut to the program that should now be on your desktop. Click "Finish" to proceed.

Figure 12: Finish and launch
As noted in the Introduction, MetaTrader 4 is also available for live accounts, but not available for demo accounts. If you wish to use MetaTrader4 with a live account, please also see the MetaTrader 4 guide. Beginner's Guide To FXCM: Basic Navigation

Related Articles
  1. Trading

    The Vital Importance of Choosing The Right Day Trading Software

    Software has made day trading quick and automatic--all the more reason to be as painstaking as possible when choosing the right one for your needs.
  2. ETFs & Mutual Funds

    How To Start Trading: Trading Technology

    The most important technology for the independent trader is a computer, high-speed Internet connection and trading software for market analysis, testing and order execution.
  3. Investing

    Best Record Keeping Software Products for Your Business

    Discover the importance of bookkeeping for your business and three of the best bookkeeping software options for your small business.
  4. Personal Finance

    Can't Pay Your Taxes? What to Do Now

    Not enough cash on hand for your April tax bill? No need to panic. Here's what to do.
  5. Trading

    Forex Automation Software For Hands-Free Trading

    Automated forex trading software scans the market for favorable trades based on your input. Find out more about this valuable forex tool.
  6. Trading

    Forex: Demo Before You Dive In

    All trading platforms have benefits and drawbacks - master the fake trade before making a real one.
  7. Markets

    The Industry Handbook: Software Industry

    Discover how the software industry has changed throughout the years to become a mainstay for businesses from programming to software as a service.
  8. Trading

    6 Steps To A Rule-Based Forex Trading System

    Learn to add structure to your trading methods with these six important steps.
  9. Trading

    Tailoring Your Investment Plan

    Start your own investing adventure with the help of some simple guidelines.
  10. Personal Finance

    Which Is Better? Tax Preparer or Tax Software

    Every taxpayer – and every year – is different, so here are four factors to help you decide whether a tax pro or software is best for you.
Trading Center