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in Forex101 - 18 Nov, 2013
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The first step in #Forex : Demo Time

Where you are now.

You have probably heard about trading Forex through a friend or a spam email promising that you can turn $100 into many thousands in a very short period of time.
(this claim by the way is bs)
So your interest got perked.

The very first thing you need to do after you have figured out what exactly forex trading is , is to get a demo account running from a broker such as Alpari or FXCM or IBFX.

A demo account is one where you are given a certain amount of “play” money so you can practice your trading.

The first time you start your trading platform you will normally see something like this :

MT4 Fresh Install

Most of what you see here will be useless for you as a new trader so the first thing you need to to is clean it all up by clicking all the X’s so it looks like this:

MT4 Clean

Next step is to setup a blank/default template.
so click file . new chart and click on EURUSD

MT4 add chart

Now right click the chart click properties
under colors change them as below

MT4 Chart colors

next click the common tab and uncheck the show grid box. then click ok .

MT4 common settings

You will now see yout chart like this:

Mt4 Chart

Once you have clicked the 2 buttons as show in the picture above . Right click anywhere on the chart , put your mouse over Template , then click save template.

Save the template as default.tpl

Now when ever you open a chart it will open with a nice clean look.