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