How to Open a Gold Demo MetaTrader 4 Gold Account from MT4 Gold Trading Platform
The Gold Trading Demo MetaTrader 4 account to learn gold trading with is the MT4 demo xauusd trading account. To open a new Gold Demo MetaTrader 4 account for practice trading, a trader can do this direct from their gold trading platform. Below using MT4 platform, on the top-left corner: click File button then click 'Open an Account' button key as illustrated below.
Open Free Gold Demo MetaTrader 4 Gold Trading Account MT4 Gold Software
Once you click on this link you'll be taken to your xauusd trading broker web site where you can register for MT4 demo xauusd trading account details of a Gold Trading practice account.
Next step is to fill the following MetaTrader 4 demo gold trading account registration forms shown below, the required data is:
- Your first name
- Last name
- Country
- City or town
- Phone number
- E-mail address.
After filling these MT4 practice gold account opening details on the form below, click open trading demo gold trading account button.
Gold Trading Demo Account Sign up - Gold Demo MetaTrader 4 - How to Open MT4 Gold Demo Account
Once you fill MetaTrader 4 practice gold trading account opening form and complete this step, you will then receive confirmation details of your Gold Demo MetaTrader 4 login and password credentials as illustrated below. A copy of these Gold Trading login credentials will also be sent to your e-mail address.
MetaTrader Gold Trading Demo Account Sign Up Confirmation
The gold trading login details of the free practice account you just registered for that are sent as an email will appear in your in-box as shown and illustrated on screen-shot below.
Demo Account Sign Up Details Sent to E Mail Address - Gold Demo MetaTrader 4 Practice Account - Open MT4 Gold Demo Account
Once you receive the Gold Demo MT4 account log in details, you can now then login into MT4 software & start to access the xauusd market & practice trading on this Gold Trading Demo MT4 practice account.
The link to also download the MetaTrader 4 platform is also provided along with the sign in & password details upon registration of the Gold Demo MetaTrader 4 account so that you can download the MT4 Gold Trading Software, if you have not downloaded it.
The procedure for installing MetaTrader 4 platform, is covered in our previous MT4 practice guide course before this one: How to install MT4 platform.
How to Log in to XAUUSD Demo MT4 XAUUSD Trading Account
To sign in to your MT4 gold trading demo: Open MT4 platform & at the top left corner of MT4 click 'File' button then click Login as shown below:
Log in to Gold Trading Practice Account on Gold Trading Demo MetaTrader 4 Practice Trading - Gold Trading MT4 Demo Tutorial
The following MT4 window will popup prompting you to enter your Gold Trading Demo MT4 account sign in credentials & password. Enter the gold login details as 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 when you want to login.
Log in to Gold Demo Account
Enter details as below & log in
Log in to Practice Gold Practice Account - MT4 Gold Demo Account Lesson
You'll then be logged in to MT4 demo gold trading account as shown below:
Example of How Gold Demo MetaTrader 4 Gold Trading Account Looks in MetaTrader 4 - MT4 Gold Demo MetaTrader 4 Gold Trading Account
Once you have opened free practice xauusd account you can then begin to practice the following:
- How to place gold orders
- How to open xauusd charts & place technical indicators
- How to interpret Gold Trading charts
- How to monitor profits & losses
- How to navigate MetaTrader 4 platform interface
While practicing all the above, the money used is virtual cash, meaning a Gold Demo MetaTrader 4 trader will practice using virtual money but everything else including gold chart price movements will reflect the true xauusd trading market movement.
Practice Demo versus Real XAUUSD Trading 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 & withdraw money and all the xauusd trades will be transacted using real money and profits can be withdrawn & losses will be deducted from the deposited amount.
Traders should use this Gold Trading Demo MetaTrader 4 practice trading account to test out their gold strategy & 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 Demo MetaTrader 4 practice account then they can open a live xauusd account & start trading the real xauusd trading market.
Once a beginner trader registers for the free Gold Demo MetaTrader 4 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 trader to generate gold signals for gold trading. The trader will then test these gold trading strategies on the Gold Demo MT4 trading account that they will have opened to test if these gold trade strategies are profitable. Once the gold trade strategies are profitable on the Gold Demo MT4 account & a trader starts to make consistent profits on their Gold Demo MetaTrader 4 practice demo gold trading account then they can consider opening a real MT4 xauusd trading account.
