How to Open XAUUSD Demo Account from MetaTrader 4 Platform

The Trading demo account to learn xauusd with is the MT4 demo account. To open a new demo account for practice trading, a trader can do this direct from their platform. Below using MetaTrader 4 platform, on tops left corner: click File then click 'Open an Account' button as displayed below.

Open Free XAUUSD Practice Account MT4 Software

Once you click this link you will be taken to your broker web site where you can register for MetaTrader 4 practice account details of a XAUUSD practice account.

The next step is to fill the following MT4 practice account opening forms 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 practice account opening details on the form below, click the open demo xauusd account button.

Demo Registration - Online Practice Account - How to Open MT4 Demo Account

Once you fill the MT4 demo xauusd account opening form and complete this step, you will then receive confirmation details of your online demo sign in and password credentials as illustrated & shown below. A copy of these XAUUSD log in details will also be sent to your email address.

MetaTrader XAUUSD Practice Account Sign Up Confirmation

The xauusd login details of the free practice account that you have just registered for are sent to you as an e-mail which will pop-up in your in-box as displayed on the screen-shot below.

Demo Account Registration Details Sent to EMail Address - Practice Account - Open MetaTrader 4 Demo Account

Once you receive the practice account sign in credentials, you can now then login into the MetaTrader 4 platform and start to access the financial xauusd market & practice trading on this practice account.

The link to also download the MT4 software is also provided along with the log in & password details upon registration of the MT4 practice account so that you can download the MT4 Software, if you haven't downloaded it.

The procedure for installing MT4 platform, is covered in our previous MT4 practice guide lesson before this one: How to install MT4 platform.

How to Login to Demo Account

To login to your MetaTrader 4 demo: Open MetaTrader 4 software and at the top left corner of MT4 click the 'File' button then click Login as displayed below:

Log in to XAUUSD Practice Account on MT4 Software - MT4 Demo Guide

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

Log in to XAUUSD Demo Account

Enter details as below & log in

Log in to Practice Demo Account - MT4 Demo Account Guide

You'll then be logged in to the MT4 demo xauusd account as displayed below:

Example of How Trading Demo Account Looks on MT4 - MT4 Demo Account

Once you've opened free practice account you can then start to practice the following:

• How to place orders
• How to open charts and place indicators
• How to interpret XAUUSD charts
• How to monitor profits and losses
• How to navigate the MetaTrader 4 software interface

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

Practice Demo versus Real XAUUSD Account

The practice practice account only difference to the live account is the deposit, with a practice account one can't deposit or withdraw money but with the live 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 demo practice account to test out their xauusd strategy & practice xauusd until such a time that they can trade the market profitably. Then when they learn how to make a trading profit on their practice account then they can open a live account and begin trading the real market.

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