How to Open Demo Account in MT4 Software
How to Open a Demo Account in MT4
Practice trade accounts are used by new traders to practice & learn how to trade the market.
A demo account also is used by traders to learn about operation of a platform - for examples MetaTrader 4 demo account can be used by traders to learn how MetaTrader 4 software works.
Once one opens a demo account on the MT4 software, the demo trade account can be used to login to the MT4 software. Once a trader opens and logs in to their MT4 platform using the MT4 practice account they can then open charts, interpret charts & open trades in MetaTrader 4 platform using this MT4 practice account.
To open this Practice account one will first need to register with their broker and specify to open MT4 practice account after which they will be issued with a MetaTrader 4 demo account sign in number and password.
Using this login account number & the account password traders can then login to the MT4 platform and place trades on their demo account using this MetaTrader 4 platform software.
Opening A MetaTrader 4 Demo Account from MT4
Traders can also open a MT4 practice account from MT4 software.
To open a MT4 Practice account from the MT4 platform a trader will first need to download the MT4 software.
After downloading the MetaTrader 4 platform a trader will then need to setup the MetaTrader 4 software on their computer.
After installing the MT4 platform on their computer a trader will then need to open the MT4 platform on their computer and from the MT4 platform workspace a trader will then follow procedure described below so as to open a Demo Account on the MT4 Software.
- Select File Menu at the Tops Left Corner of the MT4 platform
- Select Open Account from the File Drop-Down Menu
- Select Open Practice Account Option
- A MT4 Demo Account Sign up Panel will then appear prompting you as the beginner to register for a MT4 Practice account.
Once you register for the MT4 practice account you'll then be provided with account log in credentials - MT4 Demo Account Login Number and Login Password.
You can then use these MT4 demo account sign in credentials to log in to your MetaTrader 4 Demo Account. To login to your MetaTrader 4 account you can use the following procedure:
- Open MT4 software that is installed on your PC Desktop computer
- Select File Menu at the Tops Left Corner of the MT4 platform
- Select Account Log in from the File Drop Down Menu
- Select Demo Account Sign In Option
- A MT4 Demo Account Sign In up Panel will then appear prompting you to enter your MetaTrader 4 practice account sign in number & password.
- Click Log in
Once you click the login button you'll then be logged in to your MT4 practice account & you can then use your MT4Practice account to open trades in MT4 platform.
