How to Open XAUUSD Demo Practice Account from MetaTrader 4 Software Platform

The Trading demo account to learn xauusd with is the MT4 demo trade account. To open a new demo trade account for practice trade, a gold trader can do this directly from their software. Below using MT4 software, on top-left corner: press File then click on 'Open an Account' button such as shown below.

Open Free XAUUSD Practice Account MetaTrader 4 Software Platform

Once you click this link you will be taken to your online broker website where you as a trader can register for MT4 practice account credentials of a XAUUSD demo account.

The next step is to fill out the following MetaTrader 4 practice account opening forms shown below, the required data is:

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

After filling these MT4 practice account opening details on the form below, click register practice xauusd account button.

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

Once you fill out MetaTrader 4 demo xauusd/gold account signing up form & complete this step, you will then receive confirmation authorization logon credentials of your online demo login and password credentials like as illustrated and shown below. A copy of these XAUUSD log in details & particulars also will be sent to your E-Mail address.

MetaTrader XAUUSD Demo Trading Account Register Confirmation

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

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

Once you as a trader get the demo account sign in credentials, you as a gold trader can now then sign in into the MT4 platform and start & begin to access the financial xauusd market and practice trading on this practice trade account.

Link to also download the MT4 software is also provided along with the log in & password sign in details upon registration of the MT4 practice account so that as you as a gold trader can download the MetaTrader 4 Platform, if you have not downloaded it.

The guide for installing MT4 software, is covered & discussed/explained in our previous MT4 practice guide lesson before this one: How to install MetaTrader 4.

How to Login to Demo Account

To sign in to your MetaTrader 4 demo: Open MT4 software and at the top left corner of MT4 press 'File' button then click Login such as shown below:

Log in to XAUUSD Practice Account on MetaTrader 4 Platform - MetaTrader 4 Demo Lesson

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

Log in to XAUUSD Demo Practice Account

Enter details as below and log in

Sign in to Practice Demo Account - MetaTrader 4 Demo Account Lesson Guide

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

Example of How Trading Demo Practice Account Looks on MT4 - MetaTrader 4 Practice Demo Trading Account

Once you've opened free practice trade account you as a gold trader can then begin & start to practice the following:

• How to place and open trade orders
• How to open charts and place technical indicators
• How to interpret and analyze XAUUSD Gold charts
• How to monitor profits and losses
• How to navigate the MetaTrader 4 platform interface

While practicing all of the above, the money used is virtual money, meaning a demo practice trader will practice using virtual funds but everything else including price moves will reflect the real market movement.

Practice Demo versus Real XAUUSD Account

The practice practice account the only difference to the live account is the deposit, with a practice account one can't deposit or withdraw money but with the real account a gold trader can deposit & withdraw money and all the trade transactions will be traded and transacted using real/live money and profits can be withdrawn & losses will be deducted/subtracted from the amount deposited.

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

Once a beginner trader registers for the free practice trading account the next thing is to learn the software & also learn xauusd gold systems and xauusd gold strategies that will be used to generate signals for gold. The trader then will test these xauusd gold strategies on Trading practice account that they will have opened to test if these strategies are profitable. Once the xauusd gold strategies are profitable on the demo account & a trader starts to earn consistent profits on their XAUUSD practice demo xauusd account then they can consider registering a real/live account.

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