Getting Started with Your FREE Auto-Trader DEMO Account
 
 

Step 1. Download and Install ProSignal's Auto-Trader Demo Platform

We highly recommend you practice trading on the Free Demo for at least 2 weeks before you begin trading with real money so you can become familiar with all the functions of the software and the trading behavior of the strategies you select for your portfolio.


Step 2. Build Your Portfolio

In your free Demo Account, open the "Portfolio Builder" and practice building different portfolios by selecting a combination of trading strategies from the list of signal providers. Once you have selected a combination of strategies, click the button that says "Show Equity Curve for This Portfolio". This function shows you what your equity curve "would have looked like" if you had been trading this combination of strategies during the selected time-frame. See our User's Guide for illustrations. 


Step 3. Develop Your Strategy

Learn how to choose the right trading strategies for your portfolio. According to the statistics, the best way to choose strategies for your portfolio each month is very different from what you would expect. Choosing the right strategies each month is a strategy in itself and we've dedicated an entire page to this topic. See our "Selecting Strategies" page. 


Step 4. Learn To Use Proper Money Management

Select the type of Money Management strategy and number of lots you would like to trade per trading strategy (.1 = 10k lot and 1 = 100k lot). IMPORTANT WARNING: Pay close attention to the "Max Positions" column in the performance section of each strategy. If a strategy says "6" under Max Positions, this means it will open up to 6 positions at a time at your specified number of lots per trade. So, if you enter .2 for your number of lots, which is 20k per position, then the strategy will trade up to 6 positions at 20k each (or up to 120k total volume per trade even though you have selected only .2 lots per trade). Likewise, you'll notice that the trading strategies will usually trade the maximum number of positions on each trade so plan your leverage accordingly and start out more conservatively with systems that trade more than 1 position per trade.

Note: The Free Demo version of the Auto-Trader software only offers 1 type of money management strategy, which is Fixed Lots. When trading on a live account with real money, you will have 3 different money management strategies to choose from (Fixed Lots, Fixed Fractional, and Fixed Risk).


Step 5. Save Your Settings

Once you have your money management strategy and trading strategies selected, click "SET" and "APPLY" to set your money management and activate your selected portfolio for live trading. This will save your settings to our remote server so it will keep your settings the same every time you open your Auto-Trader platform.

Once you have applied your strategies, you can then remove your saved portfolio and experiment with building other portfolios and equity curves with new combinations of strategies without effecting your "Applied" portfolio and settings. But once you click on "APPLY" again, it will overwrite your old settings and save your new ones, immediately closing any open positions that are not part of your newly applied portfolio, so be careful not to hit "Apply" when testing other portfolios. As a precaution, we recommend that you take a screenshot of the strategies in your live trading portfolio and save it to your hard-drive for future reference. This will enable you to quickly restore your live portfolio in case you accidentally replace it with an experimental portfolio.

  
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Risk Disclosure: Unique experiences and past performances do not guarantee future results! Testimonials herein are unsolicited and are non-representative of all clients; certain accounts may have worse performance than that indicated. Trading stocks, options and spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.

Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over-compensated for the impact, if any, of certain market factors such as lack of liquidity. Hypothetical trading programs in general are benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Substantial risk is involved.

Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex markets. Don't trade with money you can't afford to lose. Nothing in our course or website shall be deemed a solicitation or an offer to Buy/sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Day trading involves high risks and you can lose a lot of money.