How to Open Demo MT4 Account from MT4 Software Platform
The Demo MT4 account to learn trading with is the MT4 demo practice trade account. To open a new demo account for practice trading, a indices trader can do this direct from their platform. Below using MT4 software, on the top-left corner: press File then click 'Open an Trading Account' button just as is displayed & shown below.
Open Free Demo MT4 Account MT4 - MT4 Practice Account
Once you click this link you'll be taken to your stock broker site where you as a trader can register for MT4 demo practice account details & particulars of a Trading demo practice trade account.
Next step is to fill out the following MT4 demo practice trading account sign up forms illustrated & shown below, required info is:
- Your first name
- Last name
- Country
- City or town
- Phone number
- E-Mail address.
After entering in these MetaTrader 4 practice account opening details & particulars on form below, click open a demo practice trade account button.
Demo MT4 Registration - Trading Demo MT4 Account - How to Open MT4 Practice Demo Trade Account
Once you fill MT4 practice trade account sign up form and complete this step, you will receive confirmation particulars of your online demo login & password credentials like as displayed and illustrated below. A copy of these login credentials will also be sent to your Mail address.
MetaTrader Trading Demo Account Sign Up Confirmation
The login details of the free practice account that you've just signed up for are sent to you as an e-mail which will pop-up in your in-box just as is displayed on screenshot below.
Demo MT4 Registration Details Sent to E-Mail Address - Demo Account - Open MT4 Practice Account
Once you receive the Trading Demo MT4 account log in details, you as a trader can now then log in into MetaTrader 4 software & start to access the market and practice trading on this Demo MT4 demo practice account.
The trading link to also download the MT4 software is also provided along with the sign in and password sign in credentials upon registration of the MT4 demo practice trade account so that you as a trader can download the MT4 Platform Software, if you as a trader have not downloaded it.
Guide for installing the MetaTrader 4 software, is covered & discussed/explained in our previous Trading Demo MT4 software tutorial lesson before this one: How to install MT4 software.
How to Log in to Demo MT4 Account
To login to your MetaTrader 4 demo: Open MT4 software & at the left top corner of MT4 click 'File' button then press Log in as illustrated and shown below:
Log in to Practice Account on MetaTrader 4 Software Platform - MT4 Demo Guide Lesson
The following pop up window will popup prompting you to enter your Demo MT4 account login credentials & password. Enter the login details just as is illustrated & shown below and save the information by ticking 'save account information' button so that there is no need for you to retype this the next time you want to sign in.
Sign in to Demo MT4 Account
Enter details as below & log in
Log in to Practice Demo MT4 Account - MT4 Demo Account Lesson Tutorial
You will then be logged into the Demo MT4 account as pictured below:
MT4 Demo MT4 Account
Once you have opened a free Trading Demo MT4 account you then can start to practice the following:
- How Do I place orders
- How Do You open stock charts & place indicators
- How to analyze Indices charts
- How to monitor profits and losses
- How to navigate MetaTrader 4 inter-face
While practicing all the above indices concepts, the cash used is virtual money, meaning a Demo MT4 trader will practice using virtual funds but everything else including stock price movements will reflect the true stock price movement.
Practice Demo Practice versus Live Account
The practice demo account the only difference to the real account is deposit, with a practice account a trader can't deposit or withdraw money but with the real account a indices trader can deposit & withdraw money and all the trades will be traded using real money and profits can be withdrawn and losses will be deducted from the deposited amount in your live/real account.
Traders should use this practice account to test out their trading strategy & practice trading until such a time that they can trade the market profitably. Then when they learn how to make a profit on their Trading Demo MT4 account then they can open a real account and start trading the live stock market.
Once a beginner registers for the free practice account the next step is to learn the software and also learn trade systems and trading strategies that will be used to generate stock signals for trading. The trader then will test these strategies on the Demo MT4 account that they will have opened to test if these strategies are profitable. Once the strategies are profitable on the Demo MT4 account and one starts to make consistent profits on their Demo MT4 account then they can consider signing up a real indices account.
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