How Does Bitcoin Demo Account Work?

What is MetaTrader 4 Demo Practice Account?

The MetaTrader 4 demo account is a practice demo bitcoin account provided on the MT4 bitcoin Platform - this MT4 practice account is the same as the MT4 real bitcoin account with the only difference between these 2 cryptocurrency accounts being that with a practice account you bitcoin trade with virtual money.

How to Open Demo Bitcoin Account on MetaTrader 4 Software Platform

How Do I open a demo bitcoin account? In order to open a practice demo account & start trading on the practice bitcoin account a bitcoin trader should follow the following how to open demo bitcoin account procedure:

Download the Crypto Broker MT4 Bitcoin Platform.
Setup MT4 cryptocurrency broker platform on your PC.
Open MetaTrader 4 Bitcoin Software.
Click the File Menu and Click open a trading account and Select MT4 Demo Practice Bitcoin Account Option.
After opening the MT4 practice account.
Click on the File Menu and Select Bitcoin Sign in.
Enter your MT4 demo bitcoin account Bitcoin Sign in Details and login to the online platform - MT4 platform software.

How does Crypto practice account work?

A bitcoin demo account is a practice demo account funded with virtual money and is used by beginner traders to learn and practice trading.

Where Can I practice trading?

You can practice bitcoin online trading by opening a bitcoin demo account from MT4 software provided by online MT4 crypto currency brokers.

What is the difference between a demo and live account?

Demo account is the same as a real account in trading of bitcoin platform, features used in the bitcoin platform and also crypto charts and bitcoin trade orders execution - the main difference on a demo account is that traders trade with virtual money.

To trade on the Bitcoin MT4 platform software you'll need to start with the basic tutorials - how to use MT4 software tutorial guide section of this learn bitcoin website will explain the basics of how to use the MetaTrader 4 platform software and traders can use these tutorials to learn about the MT4 Bitcoin Platform Setup. These MT4 software tutorials for beginner traders are shown below:

How Do I open a MetaTrader Practice Account? To start bitcoin cryptocurrency trading with a demo trade account used for practice bitcoin crypto trading, a bitcoin trading online trader can do this directly from MT4 platform software. Below is an example shown of how to open a practice demo account and how to start practice demo trade practice using the MT4 software, on top left corner: click File then click 'Open an Account' button like shown below.

Open Bitcoin Practice Account MT4 Bitcoin Software - What's MT4 BTCUSD Platform Demo BTCUSD Account?

Open Bitcoin Demo Account MT4 Bitcoin Platform

Once you click this MT4 software download link you'll be taken to your MT4 cryptocurrency broker site where you can register for cryptocurrency account details and particulars of a bitcoin trade demo account.

The next step is to fill out following open MetaTrader practice account form illustrated and displayed below, the required info is:

Your first name
Last name
Country
City or town
Phone number
E-Mail address.

After entering in these details and particulars for opening a free demo trade account - on the open a practice demo trade account form below, click the open demo bitcoin account button.

Opening of a Demo Account in the MT4 Software - What is MT4 Platform Software Demo Crypto Account?

Registering of a Demo Bitcoin Account in the MT4 Software

Once you fill on Start Practice Account form and complete this step, you'll then receive the demo bitcoin account signing up confirmation authorization login credentials of your online demo login & password details and particulars like as shown & displayed and shown below. A copy of these MT4 Bitcoin Sign in details will also be sent to your Mail address.

How to Open a BTCUSD Chart in MT4 Platform

Once you have opened a demo account for practice bitcoin trading the next step is to open a BTCUSD chart so as to begin bitcoin trade online.

For this example let's start with a blank screen on the MT4 workspace.

To open a new MT4 cryptocurrency chart from the example shown below, click the 'File' tab at the top left corner as depicted below, then select the option/choice 'New Chart'.

MT4 MetaQuotes Software - What is MetaTrader 4 Demo Crypto Account? - How Do I Open a Demo MetaTrader 4 BTCUSD Account?

Crypto MetaTrader 4 Software Setup - MetaQuotes Software

After clicking 'New Chart' a drop down menu will appear with a list of instruments that as a btc usd trader you as a trader can choose and select which MT4 cryptocurrency chart to open. For illustration, the first bitcoin instrument in the MT4 software platform selection is the Bitcoin, clicking CryptoCurrency MT4 cryptocurrency chart will open the bitcoin chart.

What's MT4 Demo BTCUSD Account? - How to Open Demo Account on MT4

Crypto MetaTrader 4 Software Lesson

Sign in to a MT4 BTCUSD Crypto Account

Before placing any btcusd crypto trade on the MetaTrader 4 software platform, you'll be required to login to your MT4 cryptocurrency account & get authenticated before gaining access. Authentication is the checking to see and confirm whether if the Bitcoin sign-in details and particulars you provide for Username & Password are correct details and particulars.

To begin trading on the MT4, just click on 'File', then select and click "Sign in" button from the file dropdown menu just as is illustrated below.

Login to MT4 Online Bitcoin Software - How Do You Trade CryptoCurrency on MT4 Platform Software?

As a bitcoin trader once you click this log in button, then a popup window will appear prompting/requesting you to input and type in your Username and Password Bitcoin Sign in details like as shown below:

MT4 Bitcoin Platform Sign in - How to Trade with MT4 Bitcoin Platform

Once you input your User Name & Password cryptocurrency account log in authorization credentials you will then have to select and choose the server: because this is a bitcoin demo bitcoin account, for this instance you'll then select 'Demo', if it was a live btcusd crypto currency account/live account then you would have to select and choose 'Real' Server on this option by clicking on dropdown arrow to the right side of the above text box.

Then tick the box 'Save the Account Info'

Then Click 'Log in'

Once you click sign in your details will be authenticated and you will then have access to your demo MT4 cryptocurrency account and when logged in to your MetaTrader 4 account you as a trader can begin to trade & place new orders in the btcusd market on the MT4 Platform Software. If you do not have cryptocurrency account login details and particulars you can get these crypto login details by registering a practice trade account with a online broker.

Learn More Guides and Lessons:

Trade Bitcoin Trading