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for beginners

For Beginners

Are you new to currency trading? In order to gain a stable footing in the forex market and engage in trading that’s profitable for you, you need to get the foundation right. Even if you’ve read up on everything there is to know about forex trading, nothing can come close to receiving practical exposure to the trading world – and that’s what we, at WesternFX, can offer you.

It’s easy to engage in risk-free trading through our FREE demo account and move on to the live platform when you’ve acquired the necessary knowledge and gained the confidence. At WesternFX, we strive to make trading easy, accessible and efficient for you in three easy steps. Here’s how:

3 Steps to get started on Forex Trading:

                          

Step 1: Get trained on a Demo account

Opening a demo account with us doesn’t cost you anything. Once you’ve signed up with WesternFX, you get full access to the trading platform, where you can learn how to operate it, devise trading strategies, put your skills to the test, and trade in a virtual environment with zero risks. This process of self-learning will prepare you to compete as an active participant in the actual trading environment. The similarity of the trading conditions provided on the demo account to that in a live account, enable you to get a feel of what it’s like to trade, thus, prepping you to commence trading for real.

There’s no limit on the number of demo accounts you can open with WesternFX nor is there a ceiling on the volume you can trade using your account. If you’ve gained enough experience, you can then move on to the next step.

Step 2: Experience real trading on a Live Account

Do you feel like you’ve learned it all? Then it’s time to switch from your demo account to the live version. We do not restrict the minimum trade volume which allows you to start small with minimum risk and then make your way up the ladder gradually.

Once you begin trading in small amounts on the live platform, you’ll find that you’ve attained an even better understanding of the market, thus setting the stage for you to execute a higher level of trading. If at any point of time you’ve got questions, our 24/5 support desk can assist you. We’ve got expert traders onboard to guide and advice you on the best trading strategies to be deployed.

Step 3: Set the stage for professional-level trading

If you’ve come this far, it’s time to come a little further. At this point, you’ll be in a position to understand market trends, analyze the currency movements and find an opening that will translate into sizeable gains. As a professional trader, you’ll work independently and devise unique strategies that will help you achieve measurable success.

At WesternFX, we don’t just give you a platform to hone your trading skills, but work with you every step of the way, and help you make that transition from a novice to a professional trader. Begin your journey with us today!