Get started with trading

Welcome to the Paramount Team! We understand your excitement in becoming a part of the team. Before you to start trading with us, let’s get you situated and get plugged in with everything. Take your time and follow the step-by-step process. Building a solid foundation will put you up to speed with us. This is designed to get the confusing part out of the way so you can focus on the learning part in Paramount FX. Let’s get started!

Step 1: Download Metatrader 4

This is the app you will be using to trade the forex market. All of your transactions will go through here. Once you download and open the app for the first time, it will allow you to open a demo account for you. This demo account will let you trade with fake money so that you can practice your skills until you’re comfortable enough to trade a live account. If you already have a live account, you can login with that.

metatrader4

Step 2: Register with a broker

To access the forex market, you will have to go through a broker. The broker will facilitate all of your trades. Our preferred brokers of choice are Hugosway and LQDFX. You need to take a picture and upload the following documents to get approved: Proof of Identification and Proof of Address. For the most part, this is what the broker requires. The broker may ask for more information of the documents given is not enough proof. Once all of your documents get verified, you can now deposit money into your account and trade live money.

[You do not have to upload documents in Hugosway if you are depositing with Bitcoin Via Cashapp]

Head over to your MetaTrader 4 and log into a new account using the login credentials your broker has given you.

hugo-fx-trading-forex-broker-ecn-true-social-share@1x-1

The process is the same with LQDFX. You need to take a picture and upload the following documents to get approved: Proof of Identification and Proof of Address. For the most part, this is what the broker requires. The broker may ask for more information of the documents given is not enough proof.

Head over to your MetaTrader 4 and log into a new account using the login credentials your broker has given you.

lqdfx

Step 3: Download Zoom

Zoom is where all of our webinars and live trading sessions will be hosted. It is a video chatting platform and free to use. Our zoom call links will be posted in the discord platform. It is important you take advantage of this app and tune in all of our webinars. Most of your progress will take place in the webinars. Look for #webinar-link on Discord app.

We post our webinar topics and schedules every Sunday. To say ahead, look for #headlines on Discord app.

Step 4: Register with Tradingview

TradingView is a freemium software that you will use to mark up your charts and analyze the forex market. It has all the charting tools you need to share and view trading ideas. Real-time data and browser-based charts let you do your research from anywhere, since there are no installations or complex setups. We prefer to analyze this platform rather than the Metatrader 4 Terminal due to its functionality, it is more user friendly.

Step 5: Download Discord

The Discord channel is the place where you will receive your trade setups, weekly training, and updates regarding Paramount FX. This is also the chatroom and the place to learn from other people.

Download Discord on the App Store or Google Play and click the button below, or enter “https://discord.gg/fBtTb4C” on Discord.

Simply create an account with Discord and click ‘Join Discord Channel’ below. Once you do that you are ready to go! Introduce yourself so we can welcome you properly. We are glad to have you on board!

BONUS STEP: FOREX INTRO

If you do this before jumping into the world of trading, you will be 10 steps ahead! You will not learn everything in one day, so take your time with learning the basics of forex. Think of this as laying a strong foundation with for your trading career.

We have over 10 hours of content that you can takeaway a lot of golden nuggets and get the hang of trading. Start off with a demo account to practice until you are ready to invest with real money. Skipping the basics will not help you but will cause you to lose more money than made.

We want you to be on the same page as us as soon as you get in. Go to https://paramountfx.co/forex-basics/ to learn the basics of forex. Once you are done with that, go to https://paramountfx.co/weekly-overview/ to watch all the recorded weekly content. You want to start trading already, right? Watch those videos!

Once you are done with those, a lot of the stuff we talk about in the group will start to make sense, especially during webinars training and live session trading.

If you want to learn how you can fund your trading account without coming out of your pocket, we have an amazing affiliate program that is super simple and straight to the point… to make you a lot of money! See https://paramountfx.co/program-affiliate/ for more detail

See you in the group!