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