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