If you love forex trading, it is important you look for the best forex broker online and open both a trading account and a dummy account for practicing your trading strategies. The latter will help boost your chances of opening profitable trades time and again. You will also need some capital to start trading in forex. The minimum deposit usually varies from one broker to the next, so be sure to choose a suitable broker for your financial needs. Next, you have to download the MT5 trading platform. While some people still use the MT4 trading platform, it is outdated.
It is important to note that you can either run the MT5 trader on your computer or remotely on a powerful server. The latter is recommended as it yields superior results. To get better results, you should host the MT5 trader on servers located near your broker’s servers to ensure speedy communication. Ideally, you should not be in a rush when looking for the best MT5 server hosting.