Open your trading account and put the strategies into practice directly.
To put the strategies from the book into practice, you need a trading account with a broker. We have been working with AvaTrade for many years and use it in our analyses and training content.
Without a broker, trading on exchanges or with CFDs is not possible. We have deliberately chosen AvaTrade because the broker meets our requirements for stability, regulation and professional trading conditions, while also being well suited for beginners.
In the book and in our videos we use MetaTrader 5 – a globally established, free trading platform with all the functions needed for structured and disciplined trading.
After opening your account, you can download the platform directly and start implementing right away.
I have recorded a short video tutorial for you, on how to open a trading account and install the free trading software MetaTrader in less than 10 minutes.
The broker acts as an intermediary between you and the markets. In CFD trading, the broker functions as a market maker, immediately executing your orders as you trade directly with the provider. It's as if the market maker buys all the shares you want to trade instantly.
The broker hedges your open positions according to their risk specifications on the real stock exchange.
CFDs are incredibly flexible financial instruments, allowing you to trade virtually anything, including:
The trading account and the MetaTrader 4 or 5 trading software are entirely free of charge.
Trading fees, also known as spreads, are the costs incurred while trading. These fees are a small portion of each transaction and vary for each financial instrument. You can find the details in the fee schedule.
Note: The demo account can be used free of charge for an unlimited period.
Less than 10 minutes.
When opening a trading account with a CFD broker, you will be asked a few questions about your previous stock exchange experience. After reading the trading code, you can easily answer these basic trading questions.
This helps banks ensure that you understand what you are doing, but the data and information are not verified.
You can choose the real money account directly when you open it, but then you don't have to deposit any money.
You can create as many demo accounts as you like in your account with virtual starting capital for practice. This saves you a step later on when converting the account because you will then have both types of accounts simultaneously.
Note: If you have the money to spare, I also recommend trading with a real money account and a minimal amount. Only when dealing with real money can you master the actual challenges of trading, such as greed and fear of loss.
The minimum deposit is 100 dollars or a similar amount in euros or pounds. However, I recommend choosing 500-1,000 dollars so that you can implement all strategies with the right risk management. Insufficient capital is one of the most common beginner's mistakes.
Deposits and withdrawals are relatively easy via credit card, bank transfer, or other payment methods such as Sofort or various web wallets like Neteller.
It usually takes only a few minutes until your money is available.
Just contact me by email and I will try to answer you as soon as possible.
Trading CFDs involves risk and can lead to the loss of your entire capital. Trading is therefore not suitable for everyone. 57% of retail investor accounts lose money when trading CFDs with this provider. You should fully understand the risks involved, and before you start trading. Therefore, read the book first and only ever trade with money that won't ruin you. If you have any questions, please contact me.