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 demo gold trading 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 MetaTrader 4 Registration - XAUUSD Demo MetaTrader 4 XAUUSD Account - 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 online demo sign in and password credentials as illustrated & shown 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.
XAUUSD Demo MetaTrader 4 Registration Details Sent to E-Mail Address - XAUUSD Practice Account - Open MetaTrader 4 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 xauusd link to also download the MetaTrader 4 software is also provided along with the login & password details upon registration of the MetaTrader 4 practice xauusd account so that you can download the MetaTrader 4 XAUUSD Software, if you haven't downloaded it.
The procedure for installing the MetaTrader 4 platform, is covered in our previous XAUUSD Demo MetaTrader 4 platform tutorial lesson before this one: How to install MT4 platform.
How to Login to XAUUSD Demo MT4 XAUUSD Account
To login to your MT4 xauusd demo: Open the MT4 platform and at the top left corner of MetaTrader 4 click "File" button key then click Login as shown below:
Login to XAUUSD Practice Account on MT4 Software - MT4 Demo Tutorial
The following popup widow will pop up 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 MetaTrader 4 XAUUSD Account
Enter details as below and login
Login to Practice XAUUSD Demo MetaTrader 4 XAUUSD Account - MetaTrader 4 XAUUSD Demo Account Tutorial
You will then be logged in to the XAUUSD Demo MetaTrader 4 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 have opened a free XAUUSD Demo MetaTrader 4 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 xauusd concepts, the money used is virtual money, meaning a XAUUSD Demo MetaTrader 4 trader will practice using virtual money but everything else including gold price movements will reflect the true gold price movement.
Practice Demo versus Real XAUUSD Trading Account
The xauusd practice practice xauusd 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 trades will be traded using real money and profits can be withdrawn and losses will be deducted from the deposited amount in your xauusd live account.
Traders should use this demo 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 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 demo xauusd account the next step is to learn the xauusd trading platform as well as learn xauusd trading systems and xauusd strategies which will be used to generate xauusd signals for xauusd. The trader will then test these xauusd strategies on the XAUUSD Demo MetaTrader 4 trading account that they will have opened to test if these trade strategies are profitable. Once the xauusd strategies are profitable on the XAUUSD Demo MetaTrader 4 trading account and a trader starts to make consistent profits on their XAUUSD Demo MetaTrader 4 account then they can consider opening a real gold trading account.
