How to Open Demo Account From MT4 Silver Software

The demo account to learn silver trading with is the MT4 demo account. To open a new demo account for practice trading, a trader can do this directly from their trading platform. Below using the MetaTrader 4 xagusd platform, on top left corner: click File then click the "Open an Account" button as shown below.

Open Free Demo Account MT4 Platform - MT4 Practice Account

Once you click on this link you will be taken to your broker web site where you can register for MetaTrader 4 practice trading account details of a practice account.

Next step is to fill the following MT4 demo trading account opening form shown and illustrated below, the required information is:

• Your first name
• Last name
• Country
• City or town
• Phone number
• E-Mail address.

After filling these MetaTrader 4 demo account opening details on form below, click the open trading demo trading account button.

Demo Sign Up - Online Trading Practice Account - How to Open MT4 Practice Account

Once you fill MetaTrader 4 practice trading account opening form & complete this step, you'll then receive confirmation information of your online trading demo login & password details as illustrated and illustrated below. A copy of these XAGUSD sign in credentials will also be sent to your email address.

MetaTrader Practice Account Registration Confirmation

The silver login details of the free practice account that you've just signed up for are sent to you as an email which will popup in your inbox as shown on screenshot below.

Demo Account Sign Up Details Sent to E-Mail Address - Practice Account - Open MetaTrader 4 Practice Account

Once you receive the demo trading account sign in credentials, you can now then log in into the MT4 xagusd trading platform & start to access the financial market & practice trading on this demo practice account.

The link to also download the MT4 xagusd trading software is also provided along with the sign in & password details upon sign up of the MT4 demo trading account so that you can download MT4 Silver Software, if you have not down-loaded it.

The procedure for installing the MT4 xagusd platform, is covered in our previous MT4 practice guide course before this one: How to install MT4 xagusd software.

How to Sign in to Demo Account

To sign in to your MetaTrader 4 demo: Open MT4 xagusd software & at the top-left corner of MT4 click "File" button then click Login as shown and illustrated below:

Login to Trading Demo Account in MT4 Software - MT4 Demo Tutorial

The following pop up widow will pop up prompting you to enter your demo trading account sign in credentials and password. Enter the silver login details as shown and illustrated below & save the information by checking the "save account information" button key so that there is no need to retype the next time you want to login.

Sign in To Practice Account

Enter details as below & sign in

MT4 Practice Account Lesson

You'll then be logged in to MetaTrader 4 demo trading account as exhibited below:

Example of How Demo Account Looks in MT4 Software - MT4 Demo Account

Once you have opened a free demo account you can then start to practice the following:

• How to place trading orders
• How to open xagusd charts & place indicators
• How to Analyze charts
• How to monitor profits & losses
• How to navigate the MT4 xagusd trading platform inter-face

While practicing all the above, the money used is virtual money, meaning a trading practice trader will practice using virtual money but everything else including xagusd price movements will reflect the true market movement.

Practice Demo versus Live Account

The trading demo account only difference to the live trading account is deposit, with a demo trading account one cannot deposit or withdraw money but with the real trading account a trader can deposit and withdraw money & all the trades will be transacted using real money & profits can be withdrawn & losses will be deducted from the deposited amount.

Traders should use this demo practice account to test out their silver strategy and practice silver trading until such a time when they can trade the trading market profitably. Then when they learn how to make profit on their practice account then they can open a live account & begin trading the real market.

Once a beginner trader registers for the free demo trading account the next step is to learn the platform as well as learn silver systems and trading strategies that will be used to generate signals for silver trading. The trader will then test these silver strategies on the demo account that they will have opened to test if these trade strategies are profitable. Once the trade strategies are profitable on the trading demo trading account and a trader starts to make consistent profits on their practice practice account then they can consider opening a real account.