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