How to Open a Gold Trading Demo Account from MT5 Gold Trading Platform
The Gold Trading demo MT5 account to learn gold trading with is the MT5 demo xauusd trading account. To open a new demo xauusd trading account for practice trading, a trader can do this direct from their gold trading platform. Below using the MT5 Gold Platform, on tops left corner: click File then click the 'Open an Account' button key as displayed below.
Open Free Gold Practice Account MetaTrader 5 Gold Software
Once you click on this link you'll be taken to your xauusd trading broker web site where you can register for MT5 demo MT5 account details of a Gold Trading practice account.
Next step is to fill the following MetaTrader 5 demo MetaTrader 5 account registration form 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 demo MT5 account opening details on the form below, click the open trading practice MetaTrader 5 account button.
Demo Sign Up - Online Trading Practice Account - How to Open MT5 Gold Demo Account
Once you fill MT5 practice account opening form and complete this step, you will then receive the confirmation details of your trading demo 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 login details of the free practice trading MT5 account you just signed up for that are sent as an e-mail will appear in your inbox as illustrated on the screen-shot below.
Demo Account Sign Up Details Sent to E Mail Address - gold trading Practice Account - Open MT5 Gold Demo Account
Once you receive the demo MT5 account login details, you can now then login into the MT5 platform and start to access the financial gold market & practice trading on this practice account.
The link to also download the MT5 Gold Trading Platform is also provided along with the sign in & password details upon registration of the MT5 demo MT5 account so that you can download the MT5 Gold Trading Software, if you have not downloaded it.
The procedure for installing the MT5 Gold Trading Platform, is covered in our previous MT5 demo tutorial lesson before this one: How to install MT5 Gold Trading Platform.
How to Sign in to Demo XAUUSD Trading Account
To log in to your MT5 gold trading demo: Open MetaTrader 5 Gold Platform and at the top left corner of MetaTrader 5 click 'File' button then click Login as shown below:
Log in to Gold Trading Practice Account in MT5 Platform - MetaTrader 5 Demo Guide
The following pop up widow will popup prompting you to enter your gold trading demo MT5 account login details and password. Enter the gold 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.
Log in to Gold Demo Account
Enter details as below & log in
Log in to Practice Gold Demo Account - MT5 Gold Demo Account Lesson
You will then be logged in to MT5 practice MT5 account as illustrated below:
Example of How Gold Trading Demo Account Looks in MetaTrader 5 - MT5 Gold Demo Account
Once you have opened free practice MetaTrader 5 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 the MT5 Gold Trading Platform interface
While practicing all the above, the money used is virtual cash, meaning a gold practice trader will practice using virtual money but everything else including xauusd price movements will reflect the true xauusd market movement.
Practice Demo versus Real XAUUSD Trading Account
The gold demo trading MT5 account only difference to the live xauusd MT5 account is the deposit, with a demo xauusd MT5 account a trader cannot deposit or withdraw money but with the real xauusd MT5 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 demo practice trading MT5 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 profit on their practice Gold MT5 account then they can open a live xauusd account & start trading the real xauusd market.
Once a beginner trader registers for the free practice trading MT5 account the next step is to learn the gold trading platform as well as learn gold trading systems and gold trading strategies which will be used to generate gold signals for gold trading. The trader will then test these gold trading strategies on the Gold Trading demo trading MT5 account that they will have opened to test if these trade strategies are profitable. Once the gold trade strategies are profitable on the gold demo trading MT5 account and a trader starts to make consistent profits on their Gold practice demo trading MT5 account then they can consider opening a real xauusd trading account.
