How to Open a Gold Demo MetaTrader 4 Gold Account from MetaTrader 4 Gold Platform
The XAUUSD Demo MetaTrader 4 account to learn xauusd with is the MT4 practice gold trading account. To open a new XAUUSD Demo MetaTrader 4 account for practice trading, a trader can do this direct from their xauusd trading platform. Below using MT4 platform, on tops left corner: click File then click "Open an Account" button as shown below.
Open Free XAUUSD Demo MetaTrader 4 XAUUSD Account MT4 XAUUSD Platform
Once you click this link you will be taken to your xauusd broker web site where you can register for MetaTrader 4 practice xauusd account details of a XAUUSD practice account.
Next step is to fill the following MT4 practice xauusd 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 MT4 demo xauusd account opening details on the form below, click the open trading demo xauusd account button.
XAUUSD Demo Account Sign up - XAUUSD Demo MetaTrader 4 - How to Open MetaTrader 4 XAUUSD Demo Account
Once you fill the MT4 demo xauusd account opening form and complete this step, you will then receive confirmation details of your XAUUSD Demo MetaTrader 4 login and password credentials as illustrated below. A copy of these Gold sign in credentials will also be sent to your email address.
MetaTrader XAUUSD Practice Account Registration Confirmation
The xauusd trading log in credentials of the free practice trading account you just registered for that are sent as an email will appear in your inbox as illustrated and shown on the screen-shot below.
Demo Trading Account Registration Details Sent to E-Mail Address - XAUUSD Demo MetaTrader 4 Practice Account - Open MT4 XAUUSD Demo Account
Once you receive the XAUUSD Demo MT4 account sign in details, you can now then login into MetaTrader 4 platform and start to access the xauusd market & practice trading on this XAUUSD Demo MetaTrader 4 practice account.
The link to also download the MetaTrader 4 software is also provided along with the login & password details upon registration of the XAUUSD Demo MetaTrader 4 account so that you can download the MetaTrader 4 XAUUSD Software, if you haven't downloaded it.
The procedure for installing MT4 platform, is covered in our previous MetaTrader 4 practice guide lesson before this one: How to install MT4 platform.
How to Login to Gold Demo MetaTrader 4 Gold Account
To login to your MT4 xauusd trading demo: Open MetaTrader 4 software and at the top left corner of MT4 click "File" button key then click Login as displayed below:
Login to XAUUSD Practice Account on XAUUSD Demo MetaTrader 4 Practice Trading - Gold MetaTrader 4 Demo Tutorial
The following MetaTrader 4 window will popup prompting you to enter your XAUUSD Demo MetaTrader 4 account login details and password. Enter the xauusd login details as illustrated and 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 you want to log in.
Login to XAUUSD Demo Account
Enter details as below and login
Login to Practice Gold Demo Account - MetaTrader 4 XAUUSD Demo Account Tutorial
You will then be logged in to the MT4 demo xauusd account as shown below:
Example of How XAUUSD Demo MetaTrader 4 XAUUSD Account Looks on MT4 - MT4 XAUUSD Demo MetaTrader 4 XAUUSD Account
Once you've opened a free demo xauusd account you can then start to practice the following:
- How to place xauusd orders
- How to open xauusd charts & place indicators
- How to interpret XAUUSD charts
- How to monitor profits and losses
- How to navigate MT4 software interface
While practicing all the above, the money used is virtual cash, meaning a XAUUSD Demo MetaTrader 4 trader will practice using virtual money but everything else including chart gold price movements will reflect the true gold trading market movement.
Practice Demo versus Live Gold Trading Account
The xauusd Demo MetaTrader 4 account only difference to the live xauusd account is the deposit, with a practice xauusd account a trader can't deposit or withdraw money but with the real xauusd account a trader can deposit and withdraw money & all the gold trades will be transacted using real money & profits can be withdrawn and losses will be deducted from the deposited amount.
Traders should use this XAUUSD Demo MetaTrader 4 practice trading account to test out their xauusd strategy and practice xauusd until such a time which they can trade the xauusd market profitably. Then when they learn how to make profit on their XAUUSD Demo MetaTrader 4 practice account then they can open a live gold account and begin trading the real gold trading market.
Once a beginner trader registers for the free XAUUSD Demo MetaTrader 4 account the next step is to learn the MetaTrader 4 platform as well as learn xauusd trading systems and xauusd strategies which will be used by the trader to generate xauusd signals for xauusd. The trader will then test these xauusd strategies on the XAUUSD Demo MetaTrader 4 account that they will have opened to test if these xauusd strategies are profitable. Once the xauusd strategies are profitable on the XAUUSD Demo MetaTrader 4 trading account and a xauusd trader starts to make consistent profits on their XAUUSD Demo MetaTrader 4 practice practice xauusd account then they can consider opening a real MetaTrader 4 gold trading account.
