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 Some brokers use their own trading platform like eTorro. Of course every custom

platform is best in the world ;). There are brokers who only have their own platform

and they do not offer Metatrader platform. I don’t know why, but some very well-

known brans miss MT4 in offer.

The big advantage of Metatrader is that you have many custom indicators, expert

advisors. It is a good platform overall and I recommend brokers who offer MT4.

Trading from Mac

MetaTrader is a Windows application. If you have a Mac computer with Mac OS X

system, then you must use software like Wine to run MetaTrader 4. Some brokers like

XM or HotForex offer Metatrader for Mac Os X and they work very good. You don’t

need wine, setup is very quick. I tested Metatrader platforms from XM and HotForex

on my Mac and they worked fine.

Below screen of demo MT4 platform from XM, running on MAC OS XFund your Forex account

When you have registered an account, you can add funds. It is very easy. You can start

with few hundred dollars on mini account. Minimum amount is different for each

broker.

Test platform on demo

Before you decide to open real account, test a platform on demo (especially if you are

new to Forex trading). You will have some virtual 10k or 100k to play with on demo.

Test how order placing works, how to place stop loss etc. You do not want to learn

these things with your real cash.

Practice forex trading – demo accounts

It is hard to make profit in Forex that is why practice is so important. You have now

many options to practice your trading skills and learn to trade.

OK, but what is best? Do you need trading simulator? Paper trading is a good way to

start – not real paper but with help of demo account of course.

We talk about paper trading when you are trading with virtual money. Years before

simulators you simply put trades on a piece of paper. When you felt ready to trade on

real account, you made a switch. In 1930’s it wasn’t that easy to open brokerage

account, besides fees for opening and closing trades were also high. Paper trades were

good solution – you could learn how to trade without losing real mone