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