How to Open a Gold Trading Demo Account from MT5 Gold Trading Platform
The Gold Trading demo MetaTrader 5 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 gold trader can do this directly from their gold trading platform. Below using the MT5 Gold Trading Platform, on the top left corner: click File then click "Open an Account" button as shown below.
Open Free Gold Trading Demo Account MT5 Gold Trading Platform
Once you click this link you will be taken to your xauusd trading broker website where you can register for MT5 demo MetaTrader 5 account details of a Gold Trading practice account.
The next step is to fill the following MT5 demo MetaTrader 5 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 MT5 demo MetaTrader 5 account opening details on the form below, click the open trading demo MetaTrader 5 account button.
Demo Registration - Online Trading Practice Account - How to Open MT5 Gold Trading Demo Account
Once you fill the MT5 demo MetaTrader 5 account opening form and complete this step, you will then receive confirmation details of your online trading demo 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 MetaTrader 5 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 Practice Account - Open MT5 Gold Trading Demo Account
Once you receive the demo MetaTrader 5 account login details, you can now then login into the MT5 platform and start to access the financial gold market and practice trading on this demo practice account.
The link to also download the MT5 Gold Trading Platform is also provided along with the login and password details upon registration of the MT5 demo MetaTrader 5 account so that you can download the MetaTrader 5 Gold Trading Software, if you haven't 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 Login to Demo XAUUSD Trading Account
To login to your MT5 gold trading demo: Open the MT5 Gold Trading Platform and at the top left corner of MT5 click "File" then click Login as shown below:
Login to Gold Trading Practice Account on MetaTrader 5 Software - MT5 Demo Tutorial
The following popup widow will popup prompting you to enter your gold trading demo MetaTrader 5 account login details and password. Enter the gold login details as shown below and save the information by checking the "save MetaTrader 5 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 - MT5 Gold Trading Demo Account Tutorial
You will then be logged in to the MetaTrader 5 demo MetaTrader 5 account as shown below:
Example of How Gold Trading Demo Account Looks on MetaTrader 5 - MetaTrader 5 Gold Trading Demo Account
Once you have opened a free demo trading MetaTrader 5 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 MT5 Gold Trading Platform interface
While practicing all the above, the money used is virtual money, meaning a gold demo 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 trading practice demo trading MetaTrader 5 account only difference to the live xauusd MetaTrader 5 account is the deposit, with a demo xauusd MetaTrader 5 account a gold trader cannot deposit or withdraw money but with the real xauusd MetaTrader 5 account a gold 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 demo practice trading MetaTrader 5 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 demo practice Gold Trading MetaTrader 5 account then they can open a live xauusd trading account and start trading the real xauusd market.
Once a beginner trader registers for the free demo trading MetaTrader 5 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 MetaTrader 5 account that they will have opened to test if these trading strategies are profitable. Once the gold trading strategies are profitable on the gold demo trading MetaTrader 5 account and a gold trader starts to make consistent profits on their Gold Trading practice demo trading MetaTrader 5 account then they can consider opening a real xauusd trading account.
