Do you want to make some good income from forex? If yes, then learn quickly “How To Open A Real Money Forex Account” And start to Maximize Your Trading Potential with a Live Forex Account
The CAPEX, understand how a lot of new traders quickly feel they are ready to open a real money account in Forex. CAPEX is not the one to slow your roll. Instead, They focus on helping you make sustainable progress. If you’ve already passed through their online trading school and perfected your craft using a demo account, then let’s move on to how to open a real money Forex account.
CAPEX trading school
Forex trading sounds like a too-good-to-be-true financial opportunity to most first-time traders. The prospect of leveraging large sums of money for trades tends to spark grand schemes. But as most soon find, there’s a lot of hype and hyperbole out there. Like any professional way to make money, Forex trading is grounded in basic teachable principles. At CAPEX, we simplify Forex trading to bare-bones fundamentals that you can access via video, audio, text, and other media. As such, when you finally set up a real money account in Forex, you’ll be set for success.
Knowledge is Power!
When it comes to your money – it’s priceless.
An investment in learning how to trade always pays the best dividends. Get access to the right resources, tools and information so you can trade with all the information available!
Demo trading account
Opening a real money account in Forex is one of the easiest things you can do. What’s not easy, however, is to consistently make profitable trades in the early stages of your Forex trading journey. That’s why at CAPEX, we provide a free demo trading account.
Opening this account allows you to become familiar with the Forex trading environment and practice whatever theory you’d have acquired. The demo account reflects all market movements in real-time, so all your decisions are tested in real market conditions. The only difference is that, here, you learn without incurring any financial risk.
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What is a Forex account — And why do you need it?
As the name implies, Forex trading is the process of buying and selling currencies. It’s based on how, based on a variety of economic and political factors, currencies strengthen and weaken. The Forex market is, by far, the largest in the world by volume. Besides helping to establish the true market value of currencies, the Forex market also allows businesses to hedge against fluctuating currency values in different countries where they have interests.
What is a Forex account?
As you’d find in the stocks and cryptocurrency trading markets, you can’t trade in Forex without opening an account. But you can’t directly open an account on the Forex market. You can only open a real money account in Forex with a broker who then acts as an intermediary between you and the market. The account stores your funds and allows you to place orders for buying and selling currencies. But not all brokers are made equal. By choosing CAPEX to facilitate your trades, you get access to the benefits that we revealed before and a whole lot more.
Why open an account?
Apart from the aforementioned functions of the Forex market, it’s also a platform where traders can make money from the price differentials. By predicting when different currency pairs will increase or decrease in value, you can buy low and sell high. At CAPEX, we excel at helping budding traders quickly grasp the factors that make Forex markets move. We also provide current market news and tips to help you make profitable trades.
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Experience a new level of trading with the right support when you need it. Sign up for a free account and trade smart with CAPEX.com.
Forex account types
We’ve already established that you need to open a trading account if you’re looking to dabble in the forex market. However, before you rush to register, you need to know which types of accounts you can open and which one is currently the best option for you.
Demo account in Forex
As much as Forex trading ideally results in healthy profits, it also comes with a real risk of financial losses. Therefore, before you open a real money account in Forex, you may want to trade in a risk-free environment. A demo account is a free training account where new traders can learn the ropes using virtual money. By opening a demo account with CAPEX, you learn to put the theoretical knowledge you acquired into practice in real market conditions. You also get familiar with the trading platform, charts, and financial instruments without stress and psychological pressure.
Real money account in Forex
Using a real money account in Forex, you trade using real money, get real money profits, and incur real money losses. At CAPEX, you can open an account that suits your budget and your current stage in your trading journey.
Low commissions and fees
Forex trading is inherently a risky way to make money. Therefore, it makes sense to want to take home as much of the money you make as possible. Some brokers take a sizable chunk of your earnings off the top in fees, commissions, and hidden costs. At CAPEX, we don’t charge any commissions or fees for deposits and withdrawals. Also, we offer some of the best spread and leverage costs on the market. CAPEX understands that even the smallest of avoidable fees eventually add up, so we do our best to scrap most charges.
How to open a real money Forex account – 5 steps
If you like what you’ve seen so far, then you’re most likely ready to open a real money account in Forex with CAPEX. You’ll be happy to know that the process is quick and doesn’t take more than a few minutes of your time, using the following steps:
1. Choose CAPEX as your broker
Many brokers promise the world to prospective customers. However, as we’ve demonstrated in this article and on the market, CAPEX offers an enabling environment for traders to thrive.
2. Choose your preferred account type
As we mentioned before, CAPEX allows you to open an account that suits your budget and trading experience. The Basic, Essential, Original, Premium, and Signature accounts have a $100, $1,000, $5,000, $10,000, and $25,000 minimum threshold. If you’re a novice trader, it’s best to start with a demo account then move onto the Basic real money account. You can then gradually increase your investment as you gain experience. With more advanced accounts, you’ll have access to more trading features and instruments.
3. Open your real money account in Forex
You can open a real money account on the CAPEX website or using MetaTrader. On the CAPEX Forex trading page, click the “Start Trading” button. This will take you to the account registration screen. Enter your email, password, phone number, and click “Create Account”.
4. Provide your personal information
Once your account is up and running, you’ll have to provide your personal information, including your name, address, and date of birth, among other things. You’ll also have to provide your financial information, such as your tax information and source of income for funding your trades. Once you choose your leverage amount, all that’s left is to fund your account. As you’ll be required to send verification documents, including a utility bill and a government-issued ID, it’s important to provide accurate information.
5. Make a deposit
To trade using a real money account in Forex, you need to inject some cash into your CAPEX account. To do that, first select “Deposit and Start Trading”. Enter the amount you’d like to deposit and confirm. You can then choose your preferred banking option and enter your details. At CAPEX, we always advise new traders not to put up any money that they can’t afford to lose. This sounds like obvious advice, but you’d be surprised at how many people start off overconfident and take unnecessary risks.