Getting started

What is Forex?

Forex is a global foreign currency exchange market. In other words, Forex is trading in currency pairs, that is, the exchange of one currency for another. The main goal of traders is to buy currency at a lower price and sell it at a higher price. Thus, the difference in price brings a profit.

How to start Forex trading?

Every novice trader asks himself this question. Let’s figure it out.

Trading on a demo account

To learn how to trade Forex and to practice with no threats, you can use a free demo account. With an intuitive interface, it is specially designed for beginners to comprehend all the basics of trading real money without investments and risks. Available for free download.

Trading on a live account

Trading on a demo account will neither bring you risks, nor will it bring you profit. After you have practiced and feel the strength to trade online, you can register a live account and try yourself in the world of real trading. To do this, you need to verify your identity, complete a short questionnaire and make a minimum deposit. This is a standard procedure for any regulated broker, which is held to protect your accounts.

Experienced trading

Well, when you have gained experience, you can become a major market player. You can use such financial assistants of an experienced trader as: trading strategies, expert advisors, indicators. They are specially designed to automate some trading processes. The icing on the cake is the opportunity to get commissions by providing your deals for copying to other traders within the ForexCopy system. (You only need to register in a couple of clicks as a trader)

Should I wait for high and rapid returns?

At the beginning of your trader's journey, you shouldn't expect instant profits. Forex trading is a process that requires attention, concentration, patience and constant self-development. With these skills, you will be able to increase your trading level and gain the necessary experience.

Can I trade on Forex without risk and investment?

Yes, but only on a demo account. As for a live account, the level of profit or risk directly depends on the amount of your investment.

What are the types of accounts and how do they differ?

Insta.Standard is the most popular account offering standard trading conditions without fees but with a fixed spread per deal (the difference between the purchase price (ask) and the sale price (bid) of currency pairs). Here, it is possible to start trading with any deposit size.

Insta.Eurica implies trading without spreads, due to which the BID price is always equal to the ASK price.

ECN Account can be used by all categories of traders. This account type features floating spreads.

ECN PRO Account. A distinctive feature of this type of account is low floating spreads and VIP support.

Scalping Account. A distinctive feature of this type of account is floating spreads. It is also characterized by short-term deals.

VIP Account is intended for large traders. Its main distinguishing features are tight spreads, VIP support, personal account manager.

Social trading

Social trading is an opportunity for traders to interact on a social network in the form of a platform where people come to communicate, trade and copy transactions of successful traders.

ForexCopy by InstaForex is a service for beginners combining a practical Forex training course and social media that allows participants to learn and communicate. This platform allows users to copy transactions of other traders. Every user of the service has access to trading information from top traders who share their knowledge and skills. To become a subscriber, you just need to: register, make a deposit, choose a trader you are interested in and click COPY. That's all. You are now a subscriber.