This is a continuation of the previous Forex Trading Success Method post.
STEP 3 – Install & Activate Your Software And Demo Account (this assumes that you are using a Fully Automated Forex System or EA)
If you are not using an EA then just activate your brokers Demo account.
Install the latest version of your EA. Your manual should provide you with guidance. If you have any problems activating your EA (most require activation these days) software check with your supplier.
GMT Offset
After activating your EA (an example would be the FapTurbo EA) you’ll want to ensure you have the correct GMT Offset value set. Some EAs require this because of the time of trading for certain strategies. With many brokers this is automated and typically +1.
Max Spread (if your EA is using a scalping strategy)
Depending on your broker and it’s spread for the pair you plan to trade you may need to increase or decrease the Max Spread for trading.
More later ……………..
Good Luck
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