How to Open a Demo Account from MT4 Platform

The Bitcoin demo cryptocurrency account to learn bitcoin with is the MT4 demo cryptocurrency trading account. To open a new demo cryptocurrency trading account for practice trading, a trader can do this directly from their bitcoin platform. Below using MT4 software, on top left corner: click File then click 'Open an Account' button as shown below.

Open Free Demo Account MetaTrader 4 Bitcoin Software - MT4 Bitcoin Practice Account

Once you click on this link you will be taken to your cryptocurrency broker web site where you can register for MT4 practice cryptocurrency trading account details of a Bitcoin practice account.

The next step is to fill the following MT4 demo bitcoin account opening form illustrated and displayed below, the required information is:

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

After filling these MT4 demo bitcoin account opening details on the form below, click open trading demo bitcoin account button.

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

Once you fill MetaTrader 4 practice trading account opening form & complete this step, you will get confirmation information of your online trading demo login & password details as illustrated and shown below. A copy of these Cryptocurrency sign in credentials will also be sent to your email address.

MetaTrader Demo Account Registration Confirmation

The crypto sign in details of the free practice trading account you just registered for that are sent as an email will appear in your inbox as shown on the screenshot below.

Demo Account Registration Details Sent to EMail Address - Bitcoin Practice Account - Open MT4 Bitcoin Practice Account

Once you receive the demo cryptocurrency trading account login details, you can now then login into the MT4 platform and start to access the financial cryptocurrency market & practice trading on this demo practice account.

The link to also download the MT4 software is also provided along with the login and password details upon registration of MetaTrader 4 practice trading account so that you can download MetaTrader 4 Bitcoin Trading Software, if you have not downloaded it.

Procedure for installing MetaTrader 4 software, is covered in our previous MetaTrader 4 practice tutorial course before this one: How to install MetaTrader 4 platform.

How to Sign in to Demo BTCUSD Trading Account

To sign in to your MT4 bitcoin practice: Open the MT4 software & at the tops left corner of MT4 click the 'File' button then click Sign in as shown below:

Login to Demo Account on MT4 Software - MT4 Demo Tutorial

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

Login to Bitcoin Practice Account

Enter details as below and sign in

Login to Practice Demo Account - MetaTrader 4 Demo Account Lesson

You will then be logged in to the MT4 demo bitcoin account as shown below:

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

Once you have opened free practice cryptocurrency account you can then begin to practice the following:

• How to place bitcoin orders
• How to open crypto charts & place technical indicators
• How to analyze Bitcoin charts
• How to monitor profits & losses
• How to navigate MT4 software interface

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

Practice Demo versus Real BTCUSD Trading Account

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

Traders should use this practice trading account to test out their bitcoin strategy & practice trading until such a time when they can trade the btcusd trading market profitably. Then when they learn how to make a profit on their practice trading account then they can open a live cryptocurrency account and begin trading the real bitcoin market.

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