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