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