How to Open a Forex Demo Account From MT5 Software

The Forex demo MT5 account to learn forex trading with is the MT5 demo forex account. To open a new demo account for practice trading, a trader can do this directly from their Forex trading platform. Below using the MT5 Trading Platform, on tops left corner: click File then click "Open an Account" button key as displayed below.

Open Free Forex Demo Account MT5 Platform - MT5 Demo Account

Once you click this link you'll be taken to your forex broker web site where you can register for MT5 demo MT5 account details of a Forex practice account.

Next step is to fill the following MT5 practice MT5 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 MetaTrader 5 practice MT5 account opening details on the form below, click the open trading demo MT5 account button key.

Demo Registration - How to Open MT5 Practice Demo Account

Once you fill the MetaTrader 5 practice account signup form & complete this step, you'll then receive confirmation details of your trading demo login & password details as illustrated & 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 forex login details of the free practice trading MetaTrader 5 account you just signed up for which are sent as an e-mail will appear in your in-box as illustrated on screen-shot below.

Demo Account Sign Up Details Sent to E-Mail Address - Open MT5 Demo Account

Once you receive the practice MT5 account login details, you can now then login into the MT5 platform and begin to access the financial forex market & practice trading on this demo practice account.

The link to also download the MT5 Platform is also provided along with the login & password details upon registration of the MT5 demo MT5 account so that you can download the MT5 Software, if you haven't downloaded it.

The procedure for installing the MT5 Trading Platform, is covered in our previous MT5 demo tutorial lesson before this one: How to install MT5 Platform.

How to Sign in to Demo Forex Trading Account

To log in to your MT5 forex demo: Open MT5 Trading Platform and at the top left corner of MT5 click "File" button then click Login as displayed below:

Log in to Forex Trading Practice Account in MT5 Software - MT5 Demo Guide

The following popup widow will popup prompting you to enter your forex demo MT5 account login details and password. Enter the forex login details as shown below and save the information by checking the "save MT5 account information" button 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 - MT5 Demo Account Guide

You'll then be logged in to MT5 practice MT5 account as illustrated below:

Example of How Forex Demo Account Looks on MetaTrader 5 - MetaTrader 5 Forex Demo Account

Once you have opened a free practice trading MetaTrader 5 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 the MT5 Trading Platform interface

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

Practice Demo versus Live FX Trading Account

The forex practice demo MT5 account only difference to the live forex MT5 account is the deposit, with a practice forex MT5 account a trader cannot deposit or withdraw money but with the real forex MT5 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 demo practice MT5 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 practice Forex MT5 account then they can open a live forex account and start trading the real forex market.

Once a beginner trader registers for the free practice MT5 account the next step is to learn the Forex trading platform as well as learn Forex trading systems and trading strategies which will be used to generate trading signals for forex trading. The forex trader will then test these trading strategies on the Forex demo trading MetaTrader 5 account that they will have opened to test if these trade strategies are profitable. Once the trade strategies are profitable on the forex demo MT5 account and a trader starts to make consistent profits on their Forex practice demo MT5 account then they can consider opening a real Forex trading account.