How to Open a Commodity Trading Demo Account From MetaTrader 4 Commodity Trading Software
The Commodity Trading demo account to learn commodity with is the MetaTrader 4 practice commodities trading account. To open a new demo commodity account for practice trading, a trader can do this directly from their commodities trading platform. Below using the MT4 commodities platform, on top left corner: click File then click the 'Open an Account' button key as shown below.
Open Free Commodity Practice Account MT4 Commodities Trading Software
Once you click on this link you'll be taken to your commodity broker web 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 Commodities Trading Practice Account - How to Open MT4 Commodity Demo Account
Once you fill MetaTrader 4 practice commodity account opening form and 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 Commodity Trading 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 E-Mail Address - Commodity Trading Practice Account - Open MT4 Commodity Demo Account
Once you receive the demo commodity account login details, you can now then login into the MT4 commodities platform and begin to access financial commodity market & practice trading on this demo practice account.
The link to also download the MT4 commodities 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 Commodity Trading Software, if you have not downloaded it.
Procedure for installing the MT4 commodities 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 Commodities Trading Account
To sign in to your MT4 commodities trading demo: Open MT4 commodities platform & at the tops left corner of MT4 click the 'File' button then click Login as shown below:
Log in to Commodity Trading Practice Account on MT4 Platform - MT4 Demo Guide
The following pop up widow will popup prompting you to enter your demo commodity account login details 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 Commodity Demo Account
Enter details as below & sign in
Log in to Practice Commodities Demo Account - MetaTrader 4 Commodity Practice Account Lesson
You will then be logged in to the MT4 demo commodity account as shown below:
Example of How Commodity Trading Demo Account Looks on MT4 Software - MT4 Commodity 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 technical indicators
- How to Analyze Commodity Trading charts
- How to monitor profits and losses
- How to navigate MT4 commodities trading platform interface
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 commodities trading price movements will reflect the true commodities market movement.
Practice Demo versus Real Commodities Trading Account
The commodity practice demo commodity account only difference to the live commodity account is the deposit, with a demo commodity account a trader cannot deposit or withdraw money but with the real commodity 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 commodity strategy & practice commodity until such a time that they can trade the commodity market profitably. Then when they learn how to make a profit on their practice commodities trading account then they can open a live commodity account & start trading the real commodities market.
Once a beginner commodity trader registers for the free practice commodity account the next step is to learn the commodities trading platform as well as learn commodities 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 Commodity 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 and a trader starts to make consistent profits on their Commodity Trading practice practice commodity account then they can consider opening a real commodities trading account.