How to Open a Stock Demo Account From MetaTrader 4 Stock Trading Platform
The Stock demo stock trading account to learn stock trading with is the MetaTrader 4 demo Stock trading account. To open a new demo stock trading account for practice trading, a stock trader can do this directly from their Stock trading platform. Below using the MetaTrader 4 stock trading platform, on the top left corner; click File then click “Open an Account” button as shown below.
Open Free Stock Demo Account MetaTrader 4 Stock Trading Platform - MetaTrader 4 Demo Account
Once you click this link you will be taken to your stock trading broker website where you can register for MetaTrader 4 demo stock trading account details of a Stock practice account.
The next step is to fill the following MetaTrader 4 demo stock trading account opening form shown below, the required information is:
- Your first name
- Last name
- City or town
- Phone number
- E-mail address.
After filling these MetaTrader 4 demo stock trading account opening details on the form below, click the open trading demo stock trading account button.
Demo Registration - Online Trading Practice Account - How to Open MetaTrader 4 Demo Account
Once you fill the MetaTrader 4 demo stock trading 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 Stock login details will also be sent to your email address.
MetaTrader Stock Demo Account Registration Confirmation
The stock trading login details of the free practice trading 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 - Stock Trading Practice Account - Open MetaTrader 4 Demo Account
Once you receive the demo stock trading account login details, you can now then login into the MetaTrader 4 stock trading platform and start to access the financial stock trading market and practice trading on this demo practice account.
The link to also download the MetaTrader 4 stock trading platform is also provided along with the login and password details upon registration of the MetaTrader 4 demo stock trading account so that you can download the MT4 Software, if you haven't downloaded it.
The procedure for installing the MetaTrader 4 stock trading platform, is covered in our previous MetaTrader 4 demo tutorial lesson before this one; How to install MetaTrader 4 stock trading platform.
How to Login to Demo Stock Trading Account
To login to your MetaTrader 4 Stock trading demo; Open the MetaTrader 4 stock trading platform and at the top left corner of MetaTrader 4 click “File” then click Login as shown below:
Login to Stock Trading Practice Account on MT4 Software - MetaTrader 4 Demo Tutorial
The following popup widow will popup prompting you to enter your demo stock trading account login details and password. Enter the stock trading login details as shown below and save the information by checking the “save account information” button so that there is no need to retype the next time you want to login.
Login To Stock Trading Demo Account
Enter details as below and login
Login to Practice Stock Trading Demo Account - MetaTrader 4 Demo Account Tutorial
You will then be logged in to the MT4 demo stock trading account as shown below:
Example of How Stock Demo Account Looks on MT4 Stock Trading Platform - MT4 Stock Demo Account
Once you have opened a free demo trading account you can then start to practice the following:
- How to place stock trading orders
- How to open stock trading charts and place technical indicators
- How to analyze Stock charts
- How to monitor profits and losses
- How to navigate the MetaTrader 4 stock trading platform interface
While practicing all the above, the money used is virtual money, meaning a stock trading demo trader will practice using virtual money but everything else including stock trading price movements will reflect the true stock trading market movement.
Practice Demo versus Live Account
The stock trading practice demo trading account only difference to the live stock trading account is the deposit, with a demo stock trading account a stock trader cannot deposit or withdraw money but with the real stock trading account a stock trader can deposit and 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.
Stock traders should use this demo practice trading account to test out their stock trading strategy and practice stock trading until such a time that they can trade the stock trading market profitably. Then when they learn how to make a profit on their demo practice Stock trading account then they can open a live stock trading account and start trading the real stock trading market.
Once a beginner stock trader registers for the free demo trading account the next step is to learn the Stock trading platform as well as learn Stock trading systems and stock trading strategies which will be used to generate trading signals for stock trading. The stock trader will then test these stock trading strategies on the Stock demo trading account that they will have opened to test if these trading strategies are profitable. Once the stock trading strategies are profitable on the stock trading demo trading account and a stock trader starts to make consistent profits on their Stock practice demo trading account then they can consider opening a real Stock trading account.