How to Open a Indices Demo Account From MT4 Platform
The demo account to learn indices trading with is the MetaTrader 4 demo Indices trading account. To open a new demo account for practice trading, a trader can do this directly from their Indices trading platform. Below using the MT4 platform, on the top left corner; click File then click “Open an Account” button as shown below.
Open Free Indices Demo Account MT4 Platform - MT4 Demo Account
Once you click this link you will be taken to your broker website where you can register for MT4 demo account details of a Indices practice account.
The next step is to fill the following MT4 demo account opening form shown below, the required information is:
- Your first name
- Last name
- City or town
- Phone number
- E-mail address.
After filling these MT4 demo account opening details on the form below, click the open demo account button.
Demo Registration - Online Trading Practice Account - How to Open MT4 Demo Account
Once you fill the MT4 demo account opening form and complete this step, you will then receive confirmation details of your online trading demo login and password details as shown below. A copy of these Indices login details will also be sent to your email address.
MetaTrader Indices Demo Account Registration Confirmation
The indices trading login details of the free practice trading account you just registered for that are sent as an email will appear in your inbox as shown on the screenshot below.
Demo Registration Details Sent to E-Mail Address - Stock Indices Trading Practice Account - Open MT4 Demo Account
Once you receive the demo account login details, you can now then login into the MT4 platform and start to access the financial indices trading market and practice trading on this demo practice account.
The link to also download the MetaTrader 4 platform is also provided along with the login and password details upon registration of the MT4 demo account so that you can download the MetaTrader 4 Software, if you haven't downloaded it.
The procedure for installing the MT4 platform, is covered in our previous MT4 demo tutorial lesson before this one; How to install MT4 platform.
How to Login to Demo Indices Trading Account
To login to your MT4 Indices trading demo; Open the MT4 platform and at the top left corner of MT4 click “File” then click Login as shown below:
Login to Indices Trading Practice Account on MT4 Software - MT4 Demo Tutorial
The following popup widow will popup prompting you to enter your demo account login details and password. Enter the indices trading login details as shown below and save the information by checking the “save account information” button so that there is no need to retype the next time you want to login.
Login To Indices Trading Demo Account
Enter details as below and login
Login to Practice Indices Practice Demo Account - MT4 Demo Account Tutorial
You will then be logged in to the MetaTrader 4 demo account as shown below:
Example of How Indices Demo Account Looks on MetaTrader 4 Platform - MetaTrader 4 Indices Demo Account
Once you have opened a free demo trading account you can then start to practice the following:
- How to place indices trading orders
- How to open indices charts and place technical indicators
- How to analyze Indices charts
- How to monitor profits and losses
- How to navigate the MT4 platform interface
While practicing all the above, the money used is virtual money, meaning a indices trading demo trader will practice using virtual money but everything else including indices price movements will reflect the true indices trading market movement.
Practice Demo versus Live Account
The indices trading practice demo trading account only difference to the live indices trading account is the deposit, with a demo account a trader cannot deposit or withdraw money but with the real indices trading account a trader can deposit and withdraw money and all the trades will be transacted using real money and profits can be withdrawn and losses will be deducted from the deposited amount.
Indices traders should use this demo practice trading account to test out their indices trading strategy and practice indices trading until such a time that they can trade the indices market profitably. Then when they learn how to make a profit on their demo practice Indices trading account then they can open a live indices trading account and start trading the real indices trading market.
Once a beginner trader registers for the free demo trading account the next step is to learn the Indices trading platform as well as learn Indices trading systems and indices trading strategies which will be used to generate trading signals for indices trading. The trader will then test these indices trading strategies on the Indices demo trading account that they will have opened to test if these trading strategies are profitable. Once the indices trading strategies are profitable on the indices trading demo trading account and a trader starts to make consistent profits on their Indices practice demo trading account then they can consider opening a real Indices trading account.