When traders are confident that they understand how to trade with leverage, they should open an account with their preferred broker. While the tutorial will use eToro, it should be noted that the process is simple and somewhat similar on other platforms as well.
Step 1: Open a Trading Account and Verify Traders' Identity
To begin, create an account with a broker. Creating an account is a quick and simple process, and traders can log in using Gmail or their Facebook social media account rather than starting from scratch.
When opening an account, traders must confirm their identity.

Uploading proof of identification for the trader, such as a copy of their passport or licence, is used for verification. Furthermore, broker will request that they send bills or bank statements as proof of address.
Step 2: Make a Deposit
Once a trader's account has been created and verified, it is time to make a deposit into it. To do so, they simply click the Deposit button in the bottom left corner of their screen, enter the appropriate amount, and select a payment method. This is a very simple procedure that can also be completed using a debit or credit card.
Step 3: Practice Traders Leverage Trading on a Demo Account
However, before beginning to invest their money in various transactions, traders should become acquainted with broker and how its platform works. Trading on its demo account would be the best way to go about it. In this practise account, they are given fictitious money with which to simulate the market.

In this way, traders can simulate a market scenario and see exactly what would have happened to their funds, allowing them to see how their trades might turn out.
Step 4: Begin Trading Using Leverage
Finally, if they are ready, traders can begin trading with leverage on the live market. It is recommended that they begin cautiously and with low leverage at first until they gain more trading experience and feel more comfortable taking risks.