Updated: Jul 5, 2021
How to get started:
What is a broker:
Brokers in Forex are firms eg XM, Veracity, IFX brokers etc that provide us traders with access to a platform that allows us all to buy and sell foreign currencies. Transactions in this market are always between a pair of two different currencies, so Forex traders either buy or sell the particular pair they want to trade. So with that being said, the broker is basically the middle man
How to register on XM:
Sign Up here
The first step is to download XM from PlayStore/AppStore. Wait for XM to download.
Open XM click on register an account.
For new traders click on "Open a demo account". (If you live in South Africa, choose SA as country of residence, if you live in another country, choose your country.)
Click on XM global, then a new page will appear.
Account Type Standard. (If you live in SA you can choose ZAR if you are an international student you can choose dollar or currency of your choice.)
Then just scroll down to investment amount. Choose the investment amount of your liking
Fill in your details
To open a real account, click on "open an account"
Chosen account currency
Fill in personal details
Leverage 1:888 click next
Fill in investment amount remember its USD
Intended purpose and nature of transactions
Fill in employment status and nature of business
Fill in all necessary information
Choose a password
Read terms and conditions and click SUBMIT
WAIT FOR ACTIVATION EMAIL AND METATRADER LOGIN DETAILS
Metatrader4 platform video tutorial:
Trading View platform video tutorial: