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