Step 1: Login to Your Client Area
The first step is to log in to your client area on the Corex Market website. If you don’t have an account yet, don’t worry; creating one is a simple process. Once you’re logged in, navigate to the ‘cTrader’ tab.
Step 2: Accessing the Demo Session
In the ‘cTrader’ tab, you’ll find the ‘Demo’ session. Click on it to proceed. Here, you will see the platform options available for your demo account. Corex Market offers various types of accounts to suit your needs and preferences.
Step 3: Choosing Your Account Type
Now that you’re in the ‘Demo’ session, it’s time to choose the type of account you want to use for your training. Take your time to explore the options and select the one that aligns with your trading goals.
Step 4: Select Your Leverage
Leverage is a crucial aspect of forex trading. It allows you to control a larger position with a smaller amount of capital. Choose the leverage that matches your trading strategy and risk tolerance carefully.
Step 5: Set Your Practice Amount
Next, select the amount you want to practice with in your demo account. This virtual money will serve as your trading capital for simulating real trading scenarios. It’s an excellent way to refine your skills without any financial risk.
Step 6: Click on ‘Open Account’
Once you’ve made all the necessary selections, click on the ‘Open Account’ button. This action will initiate the process of creating your demo trading account.
Step 7: Check Your Email
After clicking ‘Open Account,’ check your email inbox. You should receive an email from cTrader. Open this email and look for the ‘Set Password’ link.
Step 8: Setting Your Account Password
Click on the ‘Set Password’ link in the email. Here, you’ll set a secure password for your trading account. This password is essential for ensuring the safety of your account when logging into cTrader.
Note: You only need to set this password the first time you use cTrader. If you’ve previously set a password, you can continue using your existing one.
Conclusion
Congratulations! You’ve successfully learned how to open a demo account in Corex Market. Now, you have the perfect platform to practice and refine your forex trading skills in a risk-free environment.
Remember, trading in a demo account allows you to make mistakes and learn from them without any financial consequences. It’s a valuable tool for both beginners and experienced traders looking to test new strategies.
If you found this guide helpful, please share it with others who may benefit from it. Happy trading, and may your demo account experience lead to success in your real trading endeavors!