Beginner's Guide To FXCM: Opening A Demo Account
AAA
  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
Beginner's Guide To FXCM: Opening A Demo Account

Beginner's Guide To FXCM: Opening A Demo Account

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

  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
Beginner's Guide To FXCM: Opening A Demo Account
RELATED TERMS
  1. Bid Wanted

    An announcement by an investor who holds a security that he or ...
  2. Hindsight Bias

    A psychological phenomenon in which past events seem to be more ...
  3. Paper Trade

    Using simulated trading to practice buying and selling securities ...
  4. Financial Exposure

    The amount that one stands to lose in an investment. For example, ...
  5. Bid And Asked

    A two-way price quotation that indicates the best price at which ...
  6. Compound Net Annual Rate - CNAR

    The return on an investment after taking tax implications into ...
  1. Is the Dow Jones a public company?

    Find out how the Dow Jones Industrial Average tracks the health of the U.S. economy. This fluctuating number indicates the ...
  2. Is the Dow Jones a stock exchange?

    Learn about the Dow Jones Industrial Average and its impact. This historically significant index provides a daily snapshot ...
  3. What are the differences between investing in real estate and stocks?

    Invest in real estate by purchasing physical property or buildings, or invest in stocks by buying a claim to a company and ...
  4. When can you trade the stocks in the Dow Jones Industrial Average (DJIA)?

    Find out when you can trade shares linked to the Dow Jones Industrial Average during NYSE and Nasdaq trading sessions.
comments powered by Disqus
Related Tutorials
  1. Investing For Safety and Income Tutorial
    Bonds & Fixed Income

    Investing For Safety and Income Tutorial

  2. American Depositary Receipt Basics
    Economics

    American Depositary Receipt Basics

  3. Stock Basics Tutorial
    Investing Basics

    Stock Basics Tutorial

  4. Beginner's Guide To J-Trader
    Trading Systems & Software

    Beginner's Guide To J-Trader

  5. Beginner's Guide To CQG Integrated Client Trading Platform
    Trading Systems & Software

    Beginner's Guide To CQG Integrated Client Trading Platform

Trading Center