Posted by forex at 7:38 AM
Read our previous post
1. Sign up with a broker to obtain a FOREX brokerage account. The broker typically will need to verify information and receive a deposit before the account is opened, which can take several days. Depending on the broker, you may be able to open two mini accounts with the same broker, or you may need to find a different broker to open the second account.
2. Download and install your chosen FOREX trading platform. In most cases, the platform you can use will be determined by your broker, who will tell you what platforms you can use. Among the most common platforms is Metatrader 4, which may be provided by your broker or downloaded directly from the website. This software will be where you place your trades.
3. Set up your account within your trading software. In Metatrader 4, you will be prompted to open an account when you open the software. Fill in the details provided by your broker. After opening the first account, select the option to 'open an account' a second time to set up the second account. In Metatrader 4, this option is under the file menu.
4. Log in to one account on your trading platform. Open another instance of the trading software and log in to the second account. Use the two open versions of your trading platform to trade both accounts simultaneously.