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