Being new to magento installation it’s little difficult to install it. While installing Magento on localhost, you may get stuck at the Step 2 of the Installation screen, which doesn’t let you go further at all. Its about the URL field, which keeps on giving this error,
Please enter a valid URL. Protocol is required (http://, https:// or ftp://)
Here are the two different ways we can fix the problem
First : The simplest way to fix this is change “localhost” to IP address i.e. 127.0.0.1 or
Second: Configure the virtual host domain name in local environment and use it in place of “localhost”.
This should resolve the problem. Let me know if you are still facing the problem.