Ricky AndradeMy own trading setup
The broker I trade my own account on.
My broker
The broker I trade my own account on.
Start on a demo account first. Money only goes in when you decide.
Open my accountPartner link: I may earn a commission, at no extra cost to you.
Read this first. The buttons on this page that open a broker's or prop firm's site are partner links. If you sign up or trade through them, Market Masters Academy (Market Master Technologies LLC) may earn a commission, at no extra cost to you.
- Check for yourself whether this broker is regulated where you live, and whether it accepts clients there, before you open an account. Rules and protections differ from country to country.
- You don't need a live account to learn. A demo (practice) account is enough for the whole free course.
- Leveraged trading can lose more than a beginner expects, and it can happen fast. Only trade with money you can afford to lose.
- You never need this broker, or any partner, for the course or the Live Room.
How to set yours up
In this order. Money only goes in at the funding step.
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Open your account through my link
Use your real name and details: the next step checks them.
Open my accountPartner link: I may earn a commission, at no extra cost to you.
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Verify your identity
Have a photo ID and a proof of address ready. Brokers ask for both as a routine check.
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Choose MT5 (or MT4) as your platform
These are the MetaTrader apps you place trades in. No preference? Choose MT5. The Setup chapter of the free course walks you through it.
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Start on a demo account
Same market, pretend money. Place the free course's practice trades there first. Can't find the demo? Ask the broker's support before any money goes in.
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Only then fund it, with money you can afford to lose
No rush. Read the broker's own pages on fees, leverage and withdrawals first, and start smaller than you think. Never rent money, borrowed money or savings you need.
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Size every trade before you click buy or sell
The free position size calculator takes your market, account, risk and stop, and gives you the lot size. Round down, never up.
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Keep your risk per trade small
The free course teaches 1% of your account or less per trade. At 1%, ten losing trades in a row still leave about 90% of the account.
Open your account, then start on demo.
It opens my broker's site in a new tab. Stay on the demo account until you've placed the practice trades.
Open my accountPartner link: I may earn a commission, at no extra cost to you.
Check whether this broker is regulated where you live, and whether it accepts clients there, before you open an account. Trading involves risk of loss, and you don't need a live account to learn.
Trading futures instead?
If futures are what you want to trade, or your own check shows the broker above isn't open to people where you live, a futures prop firm is another way to start. The one I recommend is .
The evaluation is paid, and most people don't pass their first one, so learn the rules before you start. Check that the firm takes traders where you live before you pay.
Open the prop firmPartner link: Market Masters may earn a commission if you sign up or trade through it, at no extra cost to you. Passing an evaluation or being paid out is never guaranteed. Trading involves risk of loss.
Questions
Do I need a live account to learn?
No. A demo (practice) account is enough for the whole free course. It's the same market with pretend money.
Which platform do I use?
MT5 or MT4, the MetaTrader apps you place trades in. If you have no preference, choose MT5. The Setup chapter of the free course has a MetaTrader walkthrough.
Do I need this broker for the course or the Live Room?
No. You never need this broker, or any partner, for the free course or the Live Room.
What if it doesn't accept clients where I live?
Use a broker that does, and check that it's regulated where you live. The steps above stay the same, and you can still learn the whole free course on a demo account.
While you’re on demo
The free course
Not in yet? Price action, risk, entries and exits, taught in order, plus 6 trading cheat sheets. The practice trades for your demo account come from here.
The Live Room
Watch me trade live, Monday to Friday at 6:15am PT (9:15am ET). $9.99 for the first 30 days, then $29.99 a month. Cancel any time.
Everything else I use or recommend is on my full setup page