Hi flatfly

Some more questions:

My Windows OS is 64-bit.
Question #4: Can I install PyQt4-4.10.3-gpl-Py2.7-Qt4.8.5-x64.exe instead of PyQt4-4.10.3-gpl-Py2.7-Qt4.8.5-x32.exe?

You stated that I just have to unzip Electrum-1.9.5.zip.
Question #5:  Into which directory or folder?

You mentioned that I have to install Python 2.7.6 first.
Question #6: Is it sufficient to just install Windows X86-64 MSI Installer (2.7.6) or do I have to install Windows X86-64 MSI program database (2.7.6) as well?

Suppose I have installed Python 2.7.6, PyQt4 and Electrum-1.9.5.zip. Next I open a command prompt as in the following:

C:\>

Next, I type execute 'python electrum' as in the following:

C:\>execute 'python electrum'

Question #7: Is the above step correct?

I am planning to install Electrum 1.9.5 on Microsoft Windows OS using the "sources installation" method.

According to the instructions on electrum.org/download.html, I have to install PyQt4 first.

On PyQt4's page hosted by SourceForge, there are 6 files available:

PyQt4-4.10.3-gpl-Py3.3-Qt5.1.0-x64.exe

PyQt4-4.10.3-gpl-Py3.3-Qt5.1.0-x32.exe

PyQt4-4.10.3-gpl-Py3.3-Qt4.8.5-x64.exe

PyQt4-4.10.3-gpl-Py3.3-Qt4.8.5-x32.exe

PyQt4-4.10.3-gpl-Py2.7-Qt4.8.5-x64.exe

PyQt4-4.10.3-gpl-Py2.7-Qt4.8.5-x32.exe

Question #1: Which file should I download and install?

Next, the instructions on electrum.org/download.html state that one should install Electrum-1.9.5.zip

Question #2: How does one install it on a Microsoft Windows OS machine? I have unzipped Electrum-1.9.5.zip and there is no setup.exe.

Lastly, the instructions call for execute 'python electrum'

Question #3: Do I have to first open a command prompt? Some further instructions would be helpful.

Any helpful advice would be much appreciated.

I am currently using Bitcoin-Qt 0.8.3 and store my Bitcoins locally on my computer.

I am thinking of migrating to Electrum.

Does Electrum accept the wallet.dat in the Bitcoin's default installation director or will it create its own wallet?