How to Open a Stocks Trading Demo Account From MetaTrader 4 Stocks Platform
The Stocks Trading demo account to learn stocks with is the MetaTrader 4 demo stock trading account. To open a new demo stocks trading account for practice trading, a stocks trader can do this directly from their stock trading platform. Below using the MetaTrader 4 stock platform, on the top left corner; click File then click "Open an Account" button as shown below.
Open Free Stocks Trading Demo Account MetaTrader 4 Stocks Platform
Once you click this link you will be taken to your stocks broker website where you can register for MetaTrader 4 demo stocks account details of a Stocks Trading practice account.
The next step is to fill the following MetaTrader 4 demo stocks account opening form 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 demo stocks account opening details on the form below, click the open trading demo stocks account button.
Demo Registration - Online Trading Practice Account - How to Open MetaTrader 4 Stocks Demo Account
Once you fill the MetaTrader 4 demo stocks 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 Stocks Trading login details will also be sent to your email address.
MetaTrader Stocks Trading Demo Account Registration Confirmation
The stocks 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 - Stocks Practice Account - Open MetaTrader 4 Stocks Demo Account
Once you receive the demo stocks account login details, you can now then login into the MetaTrader 4 stock platform and start to access the financial stocks market and practice trading on this demo practice account.
The link to also download the MetaTrader 4 stock platform is also provided along with the login and password details upon registration of the MetaTrader 4 demo stocks account so that you can download the MT4 Stocks Software, if you haven't downloaded it.
The procedure for installing the MetaTrader 4 stock platform, is covered in our previous MetaTrader 4 demo tutorial lesson before this one; How to install MetaTrader 4 stock platform.
How to Login to Demo Account
To login to your MetaTrader 4 stock trading demo; Open the MetaTrader 4 stock platform and at the top left corner of MetaTrader 4 click "File" then click Login as shown below:
Login to Stocks Practice Account on MT4 Software - MetaTrader 4 Demo Tutorial
The following popup widow will popup prompting you to enter your demo stocks account login details and password. Enter the stocks 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 Stocks Demo Account
Enter details as below and login
Login to Practice Stock Demo Account - MetaTrader 4 Stocks Demo Account Tutorial
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 - MT4 Stocks Trading Demo Account
Once you have opened a free demo stocks account you can then start to practice the following:
- How to place stocks orders
- How to open stocks charts and place technical indicators
- How to analyze Stocks Trading charts
- How to monitor profits and losses
- How to navigate the MetaTrader 4 stock platform interface
While practicing all the above, the money used is virtual money, meaning a stocks demo 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 demo stocks account a stocks trader cannot deposit or withdraw money but with the real stocks account a stocks 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.
Traders should use this demo practice trading account to test out their stocks strategy and practice stocks until such a time that they can trade the stocks market profitably. Then when they learn how to make a profit on their demo practice stock trading account then they can open a live stocks trading account and start trading the real stocks market.
Once a beginner trader registers for the free demo 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 Trading demo account that they will have opened to test if these trading strategies are profitable. Once the stocks strategies are profitable on the stocks demo account and a stocks trader starts to make consistent profits on their Stocks Trading practice demo stocks account then they can consider opening a real stock trading account.