In this video I'll explain how to open up a new Demo account on your phone so you can practice trading Forex.

I'll be using an Android phone and I already have Metatrader 4 installed. You can search for it in the Play Store or iTunes as "Metatrader 4". Don't get Metatrader 5. In the video, I recommend Tradersway as the broker because that is the one I am currently using for my live account. If you are not sure what broker to use, don't worry, it doesn't matter too much at this point. You can have as many demo accounts as you want. So for now, just open an account now with any broker so you can begin trading and then later you can do your own research on which broker is right for you.

Trading Forex always comes with risk. Don't trade with money you can't afford to lose. There's no risk in trading Forex in Demo, and it's free!

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