How to Open a Forex Demo MT4 Account From MT4 Platform

The Forex Demo MT4 account to learn forex trading with is the MT4 demo forex account. To open a new Forex Demo MT4 account for practice trading, a trader can do this directly from their Forex trading platform. Below using the MT4 platform, on top left corner: click File then click the "Open an Account" button key as displayed below.

Open Free Forex Demo MT4 Account MT4 Platform - MT4 Demo Account

Once you click this link you'll be taken to your forex broker web site where you can register for MT4 demo account details of a Forex practice account.

Next step is to fill the following MT4 demo account registration forms shown below, the required information is:

• Your first name
• Last name
• Country
• City or town
• Phone number
• E-mail address.

After filling these MT4 practice account opening details on the form below, click the open trading demo account button.

Forex Demo Account Sign up - How to Open MT4 Forex Demo Account

Once you fill MetaTrader 4 practice account opening form and complete this step, you will then receive confirmation details of your Forex Demo MT4 login and password details as illustrated below. A copy of these Forex login credentials will also be sent to your e-mail address.

MetaTrader Forex Practice Account Registration Confirmation

The FX login details of the free practice FX trading account that you have just signed up for are sent to you as an e-mail which will pop-up in your in-box as displayed on screen-shot below.

Demo Account Sign Up Details Sent to E-Mail Address - Forex Demo MT4 Trading Practice Account - Open MT4 Demo Account

Once you receive the Forex Demo MT4 account login details, you can now then login into the MT4 trading software & begin to access the forex market & practice trading on this Forex Demo MT4 practice account.

The link to also download the MT4 forex trading platform is also provided along with the login & password details upon registration of the Forex Demo MT4 account so that you can download the MetaTrader 4 Software, if you haven't downloaded it.

The procedure for installing the MetaTrader 4 platform, is covered in our previous MetaTrader 4 demo guide lesson before this one: How to install MT4 platform.

How to Log in to Forex Demo MT4 Account

To sign in to your MetaTrader 4 Forex demo: Open MT4 forex platform and at the top left corner of MT4 click "File" button then click Login as shown below:

Log in to Forex Trading Practice Account on Forex Demo MT4 Practice Trading - Forex MT4 Demo Guide

The following MT4 window will popup prompting you to enter your Forex Demo MT4 account login details and password. Enter the forex login details as shown & illustrated below & 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 login.

Login To Forex Demo Account

Enter details as below and sign in

Log in to Practice Forex Demo Account - MT4 Demo Account Guide

You will then be logged in to MT4 practice account as shown below:

Example of How Forex Demo MT4 Account Looks in MetaTrader 4 - MetaTrader 4 Demo Account

Once you have opened a free practice trading account you can then begin to practice the following:

• How to place forex orders
• How to open forex charts & place indicators
• How to analyze Forex charts
• How to monitor profits and losses
• How to navigate MT4 platform interface

While practicing all the above, the money used is virtual currency, meaning a Forex Demo MT4 trader will practice using virtual money but everything else including forex chart price movements will reflect the true forex market movement.

Practice Demo versus Live FX Trading Account

The Forex Demo MT4 account only difference to the live forex account is the deposit, with a practice forex account a trader cannot deposit or withdraw money but with the real forex account a trader can deposit & withdraw money and all the forex trades will be transacted using real money and profits can be withdrawn & losses will be deducted from the deposited amount.

Forex traders should use this Forex Demo MT4 practice trading account to test out their trading strategy & practice forex trading until such a time when they can trade the forex market profitably. Then when they learn how to make profit on their Forex Demo MT4 practice account then they can open a live forex account and start trading the real forex market.

Once a beginner trader registers for the free Forex Demo MT4 account the next step is to learn the MT4 Forex trading platform as well as learn Forex trading systems and trading strategies which will be used by the trader to generate forex signals for forex trading. The forex trader will then test these trading strategies on the Forex Demo MT4 trading account that they will have opened to test if these trade strategies are profitable. Once the trade strategies are profitable on the Forex Demo MT4 trading account and a trader starts to make consistent profits on their Forex Demo MT4 practice demo account then they can consider opening a real MT4 Forex trading account.