How to Open Demo MT4 Account from MT4 Software
The Demo MT4 account to learn trading with is the MT4 demo trade account. To open a new demo trading account for practice trading, a trader can do this direct from their platform. Below using MetaTrader 4 software, on the top-left corner: click File then click 'Open an Account' button as displayed & shown below.
Open Free Demo MetaTrader 4 Account MT4 - MT4 Demo Practice Account
Once you click this link you will be taken to your stock broker site where you can register for MetaTrader 4 demo trading account details of a Trading demo trade account.
Next step is to fill the following MT4 demo trading account signup forms illustrated & shown below, required information 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 on form below, click open a demo trade account button.
Trading Demo MT4 Registration - Trading Demo MT4 Account - How to Open MT4 Demo Practice Account
Once you fill MetaTrader 4 practice trade account sign up form and complete this step, you will receive confirmation particulars of your online demo login and password credentials as displayed and illustrated below. A copy of these Trading login credentials will also be sent to your e-mail address.
MetaTrader Trading Practice Account Sign Up Confirmation
The login details of the free practice account that you have just signed up for are sent to you as an e-mail which will pop-up in your in-box as displayed on screenshot below.
Trading Demo MT4 Registration Details Sent to E-Mail Address - Demo Account - Open MT4 Demo Practice Account
Once you receive the Trading Demo MT4 account log in details, you can now then log in into MetaTrader 4 software and start to access the market and practice trading on this Demo MT4 demo practice account.
The trading link to also download the MetaTrader 4 software is also provided along with the login and password details upon registration of the MT4 demo trade account so that you can download the MT4 Software, if you have not downloaded it.
Guide for installing the MT4 platform, is covered in our previous Trading Demo MT4 platform tutorial lesson before this one: How to install MT4 software.
How to Log in to Demo MT4 Account
To sign in to your MetaTrader 4 demo: Open MetaTrader 4 platform and at the tops left corner of MT4 click 'File' button then click Login as illustrated below:
Log in to Practice Account on MetaTrader 4 Software - MT4 Demo Guide
The following popup widow will popup prompting you to enter your Demo MT4 account login credentials & password. Enter the login details as illustrated & shown below and save the information by ticking 'save account information' button so that there no need to retype this the next time that you want to sign in.
Sign in to Trading Demo MT4 Account
Enter details as below & log in
Log in to Practice Demo MT4 Account - MetaTrader 4 Demo Account Tutorial
You will then be logged in to 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 interpret 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 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 live account a 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 account.
Traders should use this practice trading account to test out their trading strategy and 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 trading account the next step is to learn the software as well as learn trading systems & 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 trade strategies are profitable. Once the trade strategies are profitable on the Demo MT4 account & a trader starts to make consistent profits on their Trading Demo MT4 account then they can consider signing up a real indices account.
