How to Open a XAUUSD Demo Account from MetaTrader 5 XAUUSD Platform

The XAUUSD demo MT5 account to learn xauusd with is the MetaTrader 5 practice gold trading account. To open a new demo gold trading account for practice trading, a trader can do this direct from their xauusd trading platform. Below using the MetaTrader 5 XAUUSD Platform, on the tops left corner: click File then click "Open an Account" button as shown below.

Open Free XAUUSD Demo Account MetaTrader 5 XAUUSD Platform - MetaTrader 5 XAUUSD Demo Account

Once you click this link you will be taken to your xauusd broker web site where you can register for MT5 demo MetaTrader 5 account details of a XAUUSD practice account.

Next step is to fill the following MetaTrader 5 demo MetaTrader 5 account registration form shown below, the required data is:

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

After filling these MetaTrader 5 demo MetaTrader 5 account opening details on the form below, click the open demo MetaTrader 5 account button key.

Demo Registration - Online Practice Account - How to Open MT5 XAUUSD Demo Account

Once you fill in MetaTrader 5 practice account registration forms & complete this step, you'll then receive the confirmation details of your demo sign in and password credentials as illustrated & shown below. A copy of these Gold sign in credentials will also be sent to your email address.

MetaTrader XAUUSD Practice Account Registration Confirmation

The xauusd login details of the free practice trading MetaTrader 5 account you just signed up for that are sent as an e-mail will appear in your in-box as displayed on the screen-shot below.

Demo Trading Account Registration Details Sent to E-Mail Address - xauusd Practice Account - Open MetaTrader 5 XAUUSD Demo Account

Once you receive the practice MT5 account login details, you can now then login into the MetaTrader 5 platform and start to access the financial xauusd market & practice trading on this practice account.

The link to also download the MetaTrader 5 XAUUSD Platform is also provided along with the login & password details upon registration of the MetaTrader 5 demo MT5 account so that you can download the MT5 XAUUSD Software, if you haven't downloaded it.

The procedure for installing the MetaTrader 5 XAUUSD Platform, is covered in our previous MetaTrader 5 demo tutorial lesson before this one: How to install MT5 XAUUSD Platform.

How to Sign in to Demo Account

To login to your MT5 xauusd trading demo: Open the MT5 XAUUSD Platform and at the top left corner of MetaTrader 5 click "File" button key then click Login as shown below:

Login to XAUUSD Practice Account on MT5 Software - MetaTrader 5 Demo Tutorial

The following popup widow will pop up prompting you to enter your xauusd demo MT5 account login details and password. Enter the xauusd login details as shown below and save the information by checking the "save MT5 account information" button so that there is no need to retype the next time you want to login.

Login to XAUUSD Demo Account

Enter details as below and login

Login to Practice Gold Demo Account - MetaTrader 5 XAUUSD Demo Account Tutorial

You'll then be logged in to MT5 practice MetaTrader 5 account as shown below:

Example of How XAUUSD Demo Account Looks on MT5 - MT5 XAUUSD Demo Account

Once you've opened a free demo MT5 account you can then begin to practice the following:

• How to place xauusd orders
• How to open xauusd charts & place indicators
• How to interpret XAUUSD charts
• How to monitor profits and losses
• How to navigate the MetaTrader 5 XAUUSD Platform interface

While practicing all the above, the money used is virtual cash, meaning a xauusd demo trader will practice using virtual money but everything else including gold price movements will reflect the true gold market movement.

Practice Demo versus Real XAUUSD Trading Account

The xauusd practice practice trading MT5 account only difference to the live xauusd MT5 account is the deposit, with a practice xauusd MT5 account a trader can't deposit or withdraw money but with the real xauusd MT5 account a trader can deposit and withdraw money & all the gold trades will be transacted using real money & profits can be withdrawn and losses will be deducted from the deposited amount.

Traders should use this demo practice trading MT5 account to test out their xauusd strategy and practice xauusd until such a time which they can trade the xauusd market profitably. Then when they learn how to make profit on their demo practice Gold MT5 account then they can open a live gold account and begin trading the real gold market.

Once a beginner trader registers for the free demo trading MT5 account the next step is to learn the xauusd trading platform as well as learn xauusd trading systems and xauusd strategies which will be used to generate xauusd signals for xauusd. The trader will then test these xauusd strategies on the XAUUSD demo trading MetaTrader 5 account that they will have opened to test if these trade strategies are profitable. Once the xauusd strategies are profitable on the xauusd demo trading MetaTrader 5 account and a trader starts to make consistent profits on their XAUUSD practice practice MetaTrader 5 account then they can consider opening a real gold trading account.