How to Open a Indices Demo Practice Trading Account from MT4 Platform
The demo trading account to learn trading with is the MetaTrader 4 demo account. To open a new demo trade account for practice trading, a stock index trader can do this direct from their platform. Below using MT4 stock trading softwareplatform, on the top-left corner: press File then click "Open an Trading Account" button as shown and illustrated below.
Open Free Indices Demo Account MT4 Platform - Meta Trader 4 Demo Account
Once you click on this link you will be taken to your broker web site 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 sign up forms illustrated & displayed below, required information is:
- Your first name
- Last name
- Country
- City or town
- Phone number
- EMail address.
After entering these MetaTrader 4 practice account opening details on form below, click open a demo trading account button.
Demo Registration - Online Trading Practice Account - How to Open MT4 Demo Practice Trading Account
Once you fill MetaTrader 4 practice account signing up form and complete this step, you will receive confirmation particulars of your online demo login and password credentials as illustrated & displayed below. A copy of these Stock Indices sign in details will also be sent to your EMail 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 Demo Practice Trading 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 trade account.
The 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 haven't downloaded it.
Procedure for installing the MetaTrader 4 platform, is covered in our previous MT4 demo guide tutorial before this one: How to install MT4.
How to Sign in to Demo Stock Account
To sign in to your Meta Trader 4 demo: Open MetaTrader 4 platform and at the left top corner of MT4 click "File" button key then click Sign in as shown below:
Sign in to Indices Practice Account in MT4 Platform - MT4 Demo Guide
The following pop up window 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 trading account information' button key so that there is no need to retype this the next time that you as a trader want to log on.
Sign in to Indices Demo Demo Practice Trading Account
Enter details as below and sign in
Meta Trader 4 Trading Demo Account Tutorial
You will then be logged into MetaTrader 4 demo trading account as illustrated below:
Example of How Stock Demo Account Looks on MT4 - MetaTrader 4 Practice Demo Trading Account
Once you've opened free practice trading account you can then start to practice the following:
- How Do I set orders
- How Do You open charts & place trading indicators
- How to interpret Indices charts
- How to monitor profits & 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 funds but everything else including the price movements 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 stock indices 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 trading account to test-out their 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 trade account then they can open a live 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 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 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.
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