1 00:00:00,400 --> 00:00:02,800 Welcome to BamaUp lesson two Last time 2 00:00:02,812 --> 00:00:04,762 we identified a symbol and a chart 3 00:00:05,188 --> 00:00:07,038 Today we start with opening a website 4 00:00:07,450 --> 00:00:08,700 even if you have never typed a 5 00:00:08,712 --> 00:00:11,038 web address yourself Then we open the 6 00:00:11,050 --> 00:00:13,638 real MetaTrader web interface and distinguish a 7 00:00:13,650 --> 00:00:15,675 demo account from a live one We 8 00:00:15,688 --> 00:00:17,725 will not deposit money create a live 9 00:00:17,738 --> 00:00:19,150 account or submit a trade 10 00:00:20,550 --> 00:00:22,912 This program is a browser a tool 11 00:00:22,925 --> 00:00:25,225 for opening websites Yours may be called 12 00:00:25,237 --> 00:00:28,000 Chrome Edge or something else The narrow 13 00:00:28,012 --> 00:00:29,537 box at the top is the address 14 00:00:29,550 --> 00:00:32,588 bar Control and L selects its contents 15 00:00:33,012 --> 00:00:35,175 I type TradingView here not into a 16 00:00:35,188 --> 00:00:37,650 message box and press Enter The full 17 00:00:37,662 --> 00:00:39,850 address is also in this video description 18 00:00:40,212 --> 00:00:41,900 so you can copy it and paste 19 00:00:41,912 --> 00:00:42,975 it into the address bar 20 00:00:44,362 --> 00:00:46,588 The TradingView page has opened Allow a 21 00:00:46,600 --> 00:00:48,575 few seconds for it to load This 22 00:00:48,588 --> 00:00:50,338 is the gold chart from lesson one 23 00:00:50,750 --> 00:00:52,425 Viewing a chart and having a trading 24 00:00:52,438 --> 00:00:54,625 account are different things Looking at a 25 00:00:54,638 --> 00:00:56,412 price in a shop window does not 26 00:00:56,425 --> 00:00:58,112 mean you bought the item Here we 27 00:00:58,125 --> 00:01:00,562 are only viewing information On a phone 28 00:01:00,575 --> 00:01:03,075 the menus may be arranged differently so 29 00:01:03,088 --> 00:01:04,762 look for the option names rather than 30 00:01:04,775 --> 00:01:07,025 expecting identical screen positions 31 00:01:08,412 --> 00:01:10,038 I open Trade to see the available 32 00:01:10,050 --> 00:01:13,438 choices Paper Trading means simulated trading with 33 00:01:13,450 --> 00:01:16,175 virtual funds Today we only locate it 34 00:01:16,475 --> 00:01:18,075 we do not place a trade A 35 00:01:18,087 --> 00:01:21,100 sign-in or registration screen does not automatically 36 00:01:21,112 --> 00:01:24,088 mean payment is required A website account 37 00:01:24,338 --> 00:01:26,250 a paid subscription and a broker live 38 00:01:26,262 --> 00:01:28,650 account are three different things You do 39 00:01:28,662 --> 00:01:29,938 not need to sign in for the 40 00:01:29,988 --> 00:01:32,012 observation exercise in this lesson 41 00:01:33,400 --> 00:01:35,575 Demo means practice Think of a training 42 00:01:35,587 --> 00:01:37,913 game that gives you virtual coins the 43 00:01:37,925 --> 00:01:40,000 number is visible but those coins did 44 00:01:40,012 --> 00:01:41,925 not come from your bank card A 45 00:01:41,938 --> 00:01:43,925 demo balance is for practice and its 46 00:01:43,938 --> 00:01:46,925 simulated profit is not withdrawable money A 47 00:01:46,938 --> 00:01:48,900 live account puts real money at risk 48 00:01:49,312 --> 00:01:52,275 Similar-looking screens must not fool you Before 49 00:01:52,288 --> 00:01:55,025 any trade establish the account type If 50 00:01:55,038 --> 00:01:56,650 you cannot tell whether it is demo 51 00:01:56,662 --> 00:01:58,675 or live do not submit an order 52 00:02:00,100 --> 00:02:02,062 Now we open MetaTrader I use a 53 00:02:02,075 --> 00:02:04,275 new browser tab so the previous chart 54 00:02:04,288 --> 00:02:07,412 remains available MetaTrader is software not our 55 00:02:07,425 --> 00:02:09,900 bank or broker A broker supplies a 56 00:02:09,912 --> 00:02:12,700 trading account and its trading conditions We 57 00:02:12,712 --> 00:02:15,425 are not recommending a broker This demonstration 58 00:02:15,700 --> 00:02:17,488 uses the web version linked by the 59 00:02:17,500 --> 00:02:20,425 official website Web version means it runs 60 00:02:20,438 --> 00:02:22,650 in your browser without installing a desktop 61 00:02:22,662 --> 00:02:23,312 application 62 00:02:24,700 --> 00:02:27,200 This is the actual MetaTrader web interface 63 00:02:27,612 --> 00:02:29,700 It offers Connect to account and Open 64 00:02:29,713 --> 00:02:32,425 Demo account Connecting assumes you already have 65 00:02:32,438 --> 00:02:35,150 that account’s login details Opening a demo 66 00:02:35,163 --> 00:02:37,650 prepares a practice environment I open the 67 00:02:37,663 --> 00:02:39,038 demo form so you can see it 68 00:02:39,450 --> 00:02:41,575 We will not enter personal information or 69 00:02:41,588 --> 00:02:43,588 submit a registration on your behalf 70 00:02:45,000 --> 00:02:47,088 Name is your first name and Surname 71 00:02:47,263 --> 00:02:49,188 is your family name Email is the 72 00:02:49,200 --> 00:02:52,188 address of your internet mailbox where registration 73 00:02:52,200 --> 00:02:54,338 messages can arrive You do not need 74 00:02:54,350 --> 00:02:56,450 to create a new mailbox today When 75 00:02:56,463 --> 00:02:58,925 registering for yourself later use an address 76 00:02:58,938 --> 00:03:00,775 you can access Do not put your 77 00:03:00,788 --> 00:03:03,663 email password into the email-address field This 78 00:03:03,675 --> 00:03:06,138 form also requests a phone number do 79 00:03:06,150 --> 00:03:08,175 not invent personal details just to get 80 00:03:08,188 --> 00:03:08,700 past it 81 00:03:10,113 --> 00:03:12,638 This field says Deposit On this specific 82 00:03:12,650 --> 00:03:14,875 demo form it means the starting virtual 83 00:03:14,888 --> 00:03:17,313 balance I change the displayed number to 84 00:03:17,325 --> 00:03:20,313 one thousand without submitting anything That does 85 00:03:20,325 --> 00:03:21,975 not withdraw a thousand dollars from a 86 00:03:21,988 --> 00:03:24,550 bank card On a live-account funding page 87 00:03:24,775 --> 00:03:27,500 Deposit can instead mean transferring real money 88 00:03:27,913 --> 00:03:30,075 Always interpret a field in the context 89 00:03:30,088 --> 00:03:32,225 of the account type We are inspecting 90 00:03:32,238 --> 00:03:34,612 a demo form only no payment takes 91 00:03:34,625 --> 00:03:35,125 place 92 00:03:36,500 --> 00:03:39,025 Other fields include leverage and agreement to 93 00:03:39,038 --> 00:03:41,513 terms Leverage affects the size of a 94 00:03:41,525 --> 00:03:43,738 position that an account can support and 95 00:03:43,750 --> 00:03:46,175 can amplify risk We do not configure 96 00:03:46,188 --> 00:03:47,925 it today it has its own lesson 97 00:03:48,338 --> 00:03:50,000 We will not check the agreement or 98 00:03:50,013 --> 00:03:52,100 submit the account form We have only 99 00:03:52,113 --> 00:03:54,550 located and inspected it You do not 100 00:03:54,563 --> 00:03:57,038 need to send money identity documents or 101 00:03:57,050 --> 00:03:59,475 passwords to anyone to follow this lesson 102 00:04:00,863 --> 00:04:03,238 Back on Connect to account Login usually 103 00:04:03,250 --> 00:04:05,950 means a trading-account number not necessarily your 104 00:04:05,963 --> 00:04:08,938 email address Password is that account’s password 105 00:04:09,350 --> 00:04:12,463 Server identifies the relevant trading service The 106 00:04:12,475 --> 00:04:14,738 three must match Do not assume your 107 00:04:14,850 --> 00:04:18,600 email password website password and trading-account password 108 00:04:18,663 --> 00:04:21,575 are interchangeable Keep any account details you 109 00:04:21,588 --> 00:04:23,788 create later private do not post them 110 00:04:23,800 --> 00:04:25,500 in comments or a learning group 111 00:04:26,900 --> 00:04:27,912 Each tab at the top of the 112 00:04:27,925 --> 00:04:30,538 browser keeps a separate page I select 113 00:04:30,550 --> 00:04:32,825 the TradingView tab and our chart returns 114 00:04:32,838 --> 00:04:34,825 without having to find it again If 115 00:04:34,838 --> 00:04:37,550 a page only partly loads refresh once 116 00:04:37,713 --> 00:04:39,512 and allow it time An error does 117 00:04:39,525 --> 00:04:41,812 not automatically mean an account is broken 118 00:04:42,225 --> 00:04:44,888 When requesting help capture the message itself 119 00:04:45,150 --> 00:04:47,500 but hide account numbers and private details 120 00:04:47,512 --> 00:04:49,062 before sharing the screenshot 121 00:04:50,450 --> 00:04:52,763 Your turn Open the official address in 122 00:04:52,775 --> 00:04:55,338 the description and locate the demo-account option 123 00:04:55,475 --> 00:04:58,338 without submitting the form Answer three questions 124 00:04:58,750 --> 00:05:00,363 Does opening a chart itself place a 125 00:05:00,375 --> 00:05:03,350 trade Can simulated demo profits be withdrawn 126 00:05:03,763 --> 00:05:05,938 Must you deposit money for today’s exercise 127 00:05:06,362 --> 00:05:08,263 Pause the video and answer We will 128 00:05:08,275 --> 00:05:09,862 also leave a few seconds here for 129 00:05:09,875 --> 00:05:10,450 practice 130 00:05:19,850 --> 00:05:21,738 All three answers are no A chart 131 00:05:21,750 --> 00:05:25,000 displays information demo funds are virtual and 132 00:05:25,012 --> 00:05:27,338 this lesson needs no deposit If you 133 00:05:27,350 --> 00:05:29,500 can now open the address and distinguish 134 00:05:29,512 --> 00:05:31,600 Open Demo account from Connect to account 135 00:05:32,000 --> 00:05:34,075 you have met lesson two’s goal Next 136 00:05:34,088 --> 00:05:36,825 we separate website email and trading accounts 137 00:05:36,838 --> 00:05:39,288 with practical examples before setting up your 138 00:05:39,300 --> 00:05:41,725 own practice environment There is no rush 139 00:05:41,738 --> 00:05:42,738 to risk real money