How to Open a Demo Account from MT4 Gold Trading Software
The XAUUSD demo xauusd account to learn gold with is the MT4 demo xauusd account. To open a new demo xauusd account for practice trading, a trader can do this direct from their trading platform. Below using the MetaTrader 4 platform, on the tops left corner: click File then click "Open an Account" button key as shown below.
Open Free Demo Account MT4 Gold Software
Once you click on this link you will be taken to your xauusd broker website where you can register for MetaTrader 4 practice trading account details of a Gold practice account.
The next step is to fill the following MT4 demo gold account registration forms displayed below, the required information is:
- Your first name
- Last name
- Country
- City or town
- Phone number
- E-mail address.
After filling these MT4 practice trading account opening details on the form below, click open trading demo gold account button.
Demo Sign Up - Online Practice Account - How to Open MT4 Demo Account
Once you fill MetaTrader 4 practice trading account opening form & complete this step, you will then get confirmation details of your online trading demo login and password credentials as shown below. A copy of these XAUUSD sign in credentials will also be sent to your e-mail address.
MetaTrader Demo Account Registration Confirmation
The gold login details of the free practice gold account that you've just signed up for are sent to you as an email which will pop-up in your in-box as shown on screenshot below.
Demo Account Sign Up Details Sent to E Mail Address - Gold Practice Account - Open MT4 Demo Account
Once you receive the demo xauusd account log in details, you can now then log in to the MetaTrader 4 platform and start to access the financial gold market & practice trading on this practice account.
The link to also download the MetaTrader 4 software is also provided along with the login & password details upon registration of the MT4 demo gold account so that you can download MT4 Gold Software, if you have not downloaded it.
Procedure for installing the MetaTrader 4 software, is covered in our previous MT4 demo guide lesson before this one: How to install MT4 platform.
How to Sign in to Demo XAUUSD Trading Account
To login to your MT4 gold trading demo: Open MetaTrader 4 platform and at the tops left corner of MT4 click the "File" button then click Login as shown below:
Log in to Gold Practice Account on MetaTrader 4 Software - MT4 Demo Guide
The following popup widow will pop up prompting you to enter your demo xauusd account login details and 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 Demo Account
Enter details as below & log in
Log in to Practice Gold Practice Account - MT4 Gold Practice Account Tutorial
You'll then be logged in to MT4 demo gold account as shown below:
Example of How Demo Account Looks on MT4 - MetaTrader 4 Demo Account
Once you've opened free practice trading account you can then begin to practice the following:
- How to place gold orders
- How to open charts & place technical indicators
- How to interpret Gold charts
- How to monitor profits and losses
- How to navigate MetaTrader 4 software interface
While practicing all the above, the money used is virtual cash, meaning a gold demo trader will practice using virtual money but everything else including price movements will reflect the true xauusd market movement.
Practice Demo versus Real XAUUSD Trading Account
The gold practice practice gold account only difference to the live xauusd account is the deposit, with a demo gold account a trader cannot deposit or withdraw money but with the real gold account a trader can deposit & withdraw money and all the 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 practice trading account to test out their trading strategy & practice trading until such a time that they can trade the xauusd market profitably. Then when they learn how to make a profit on their practice trading account then they can open a live xauusd account & begin trading the real xauusd market.
Once a beginner trader registers for the free practice trading account the next step is to learn the trading platform as well as learn gold trading systems and trading strategies which will be used to generate gold signals for gold trading. Trader will then test these trading strategies on the XAUUSD demo xauusd account that they will have opened to test if these trade strategies are profitable. Once the gold trade strategies are profitable on the gold trading demo account & a trader starts to make consistent profits on their Gold practice practice trading account then they can consider opening a real xauusd account.
