How to Open a Trading Demo Account From MetaTrader 4 Trading Platform
The Commodity Trading demo account to learn commodity with is the MetaTrader 4 practice trading account. To open a new demo commodity account for practice trading, one can do this directly from their trading platform. Below using the Meta Trader 4 platform, on top left corner: click File then click the 'Open an Account' button key as shown below.
Open Free Practice Account MT4 Commodities Trading Platform
Once you click on this link you'll be taken to your broker site where you can register for MT4 demo commodity account details of a Commodity Trading practice account.
The next step is to fill the following MetaTrader 4 demo commodity account registration forms displayed below, the required data is:
- Your first name
- Last name
- Country
- City or town
- Phone number
- E-mail address.
After filling these MT4 practice commodity account opening details on the form below, click the open trading demo commodity account button.
Demo Registration - Online Trading Practice Account - How to Open MT4 Demo Account
Once you fill MetaTrader 4 practice commodity account opening form & complete this step, you will then receive confirmation details of your online trading demo login and password details as shown and illustrated below. A copy of these Commodity Trading login credentials will also be sent to your e-mail address.
MetaTrader Trade Demo Account Sign Up Confirmation
The commodity login details of the free practice commodity trading account that you've just signed up for are sent to you as an email which will popup in your in-box as shown on screenshot below.
Demo Account Sign Up Details Sent to EMail Address - Trading Practice Account - Open MT4 Demo Account
Once you receive the demo commodity account sign in authorization credentials, you can now then sign in into the Meta Trader 4 platform and begin to access financial commodity market & practice trading on this demo practice account.
The link to also download the MT4 trading platform is also provided along with the log in and password details upon registration of MT4 demo commodity account so that you can download the MT4 Trading Software, if you have not downloaded it.
Procedure for installing the Meta Trader 4 trading platform, is covered in our previous MT4 demo tutorial lesson before this one: How to install MetaTrader 4 commodities software.
How to Sign in to Demo Trading Account
To log in to your MT4 trading demo: Open MT4 platform & at the tops left corner of MT4 click the 'File' button then click Login as shown below:
Log in to Trading Practice Account on MT4 Platform - MT4 Demo Guide
The following pop up widow will pop up requesting you to enter your demo commodity account sign in authorization credentials and password. Enter the commodity login details as shown and illustrated below and save the information by checking the "save account information" button key so that there is no need to retype the next time you want to log in.
Sign in To Demo Account
Enter details as below and log in
Log in to Practice Demo Account - MetaTrader 4 Practice Account Lesson
You will then be logged in to the Meta Trader 4 demo commodity account as shown below:
Example of How Trading Demo Account Looks on MT4 Platform - MT4 Demo Account
Once you have opened free practice commodity account you can then begin to practice the following:
- How to place commodity orders
- How to open commodity charts & place indicators
- How to Analyze Commodity Trading charts
- How to monitor profits and losses
- How to navigate MT4 trading platform inter-face
While practicing all the above, the money used is virtual money, meaning a commodity practice trader will practice using virtual money but everything else including trading price movements will reflect the true market movement.
Practice Demo versus Real Trading Account
The commodity practice demo commodity account only difference to the live commodity account is the deposit, with a demo commodity account one can not deposit or withdraw money but with the live commodity account a trader can deposit & withdraw money and all the trades will be transacted using real money & profits can be withplotted & losses will be deducted from the deposited amount.
Traders should use this practice trading account to test out their commodity strategy & practice commodity until such a time that they can trade the commodity market profitably. Then when they learn how to make a trading profit on their practice trading account then they can open a live commodity account & begin trading the live market.
Once a beginner trader registers for the free practice commodity account the next step is to learn the trading platform as well as learn trading systems and commodity strategies which will be used to generate commodity signals for commodity. The commodity trader will then test these commodity strategies on the demo account that they will have opened to test if these trade strategies are profitable. Once the commodity strategies are profitable on the commodity practice account & a trader starts to make consistent profits on their Trade practice practice commodity account then they can consider opening a real trading account.