How to Open Demo Account in MT4
What's MT4 Demo Trading Account?
The MT4 demo xauusd trading account is a practice gold trading account provided on the MT4 gold trading Platform - this MetaTrader 4 practice practice account is the same as the MetaTrader 4 real gold trading account with the only difference between these two xauusd trading accounts being that with a practice account you gold trade with virtual money.
Opening Demo Account MT4 Practice Trading Account
How Do You open a demo gold trading account? In order to open a demo xauusd account and start xauusd trading on the practice gold trading account a trader should follow the following how to open demo gold trading account procedure:
- Download the Gold Broker MT4 Platform.
- Install MetaTrader 4 xauusd broker platform on your PC.
- Open MetaTrader 4 Software.
- Click on the File Menu and Click open an account and Select MetaTrader 4 Demo Gold Trading Account Option.
- After opening the MT4 demo xauusd trading account.
- Click on the File Menu and Choose Gold Trading Sign in.
- Enter your MetaTrader 4 practice gold trading account Gold Trading Sign in Details & login to the online platform - MT4 platform.
How does XAUUSD Trading demo account work?
A gold trading demo account is a xauusd trading practice account funded with virtual money and is used by beginner traders to learn and practice xauusd trading.
Where Can I practice xauusd trading?
You can practice gold trading online by opening a gold practice practice xauusd trading account from the MetaTrader 4 platform provided by online MT4 xauusd trading brokers.
What's the difference between a demo and live trading account?
Demo trading account is the same as a real trading account when it comes to trading of gold trading platform, features used in the gold trading platform as well as xauusd charts and gold trade orders execution - the main difference on a demo xauusd trading account is that traders trade with virtual money.
To trade on the Gold Trading MT4 software you will need to start with the basic tutorials - how to use MT4 platform tutorial guide section of this learn gold trading website will explain the basics of how to use the MetaTrader 4 platform and traders can use these tutorials to learn about the MT4 Gold Software Setup. These MT4 platform tutorials for beginners are shown below:
- Opening a MT4 Gold Trading Practice Account Procedure
- Open a Gold MetaTrader 4 Chart
- Login to a MT4 Trading Account
How Do I open a MetaTrader Demo Account? To start gold trading with a demo xauusd trading account used for practice gold trading, a gold trading online trader can do this direct from their MetaTrader 4 software. Below is an example of how to open a demo xauusd trading account & how to begin practice trade practice using the MetaTrader 4 platform, on the tops left corner: click File then click "Open an Account" button key as shown below.
What is MT4 Gold Demo Account
Once you click this MT4 software download link you will be taken to your MetaTrader 4 xauusd broker website where you can register for xauusd trading account details of a gold trading practice account.
The next step is to fill the following open MetaTrader practice xauusd trading account form displayed below, the required data is:
- Your first name
- Last name
- Country
- City or town
- Phone number
- E-mail address.
After filling these details for opening a free demo xauusd account - on the open demo trade account form below, click the open trading demo gold trading account button.
Registering of a Gold Trading Practice Account in the MetaTrader 4 Software
Once you fill the Start Demo Trading Account form and complete this step, you will then receive the demo gold account opening confirmation details of your online trading demo login and password credentials as shown below. A copy of these MetaTrader 4 Gold Trading Sign in details will also be sent to your e-mail address.
How to Open a Gold Chart in MetaTrader 4 Platform
Once you have opened a practice xauusd trading account for practice gold trading the next step is to open a Gold chart so as to start gold trading online.
For this example let's begin with a blank screen on the MT4 interface.
To open a new MetaTrader 4 gold chart from the xauusd trading examples illustrated and described below, click the "File" tab at the tops left corner as shown below, then choose the option "New Chart".
Gold Trading MT4 Trading Platform Set Up - Metaquotes Software
After clicking "New Chart" a drop down menu will appear with list of trading instruments that as a trader you can choose which MetaTrader 4 gold chart to open. For example clicking MetaTrader 4 gold chart will open the xauusd chart.
How to Trade XAUUSD on MT4 - Gold MetaTrader 4 Platform Tutorial
MetaTrader 4 XAUUSD Trading Software Setup
Before placing any xauusd trading on the MT4 software, you will be required to sign in to your MT4 xauusd account and get authenticated before gaining access. Authentication is checking to see if the Gold Trading login credentials you provide for Username and Password are correct details.
To start trading in MT4, just click on "File", then choose and click "Login" button from the file drop down menu as illustrated below.
Log in to MT4 Online Gold Platform - How Do I Trade XAUUSD on MetaTrader 4?
As a trader once you click this login button, then a pop up window panel will popup prompting you to in put your Username and Password Gold Login details as shown below:
MetaTrader 4 Gold Platform Sign in - How to Trade with MetaTrader 4 Gold Software
Once you input your User Name & Password xauusd account login credentials you'll then have to select the server: because this is a gold practice account, for this instance you will then choose "Demo", if it was a real gold trading account/live xauusd trading account then you would have to select "Real" Server on this option by clicking the drop down arrow on the right side of the above text box.
Then check box "Save Account Information"
Then Click "Sign in"
Once you click login your details will be authenticated and you will then have access to your demo MetaTrader 4 xauusd trading account & when logged in to your MT4 account you can begin to trade & place new gold orders in the xauusd market on the MetaTrader 4 platform. If you do not have xauusd trading account login details you can get these gold login details by registering a practice trading account with a xauusd trading broker.
