How to Open Bitcoin Demo Account from MT4 Bitcoin Platform
The Bitcoin demo account to learn bitcoin trading with is the MT4 demo account. To open a new demo account for practice trading, one 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 Bitcoin Demo Account MT4 Bitcoin Software - MT4 Bitcoin Practice Account
Once you click on this link you'll be taken to your online broker website where you can register for MT4 practice account credentials 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 entering these MetaTrader 4 demo bitcoin account registration details on the form below, click open demo bitcoin account button.
Demo Registration - Online Practice Account - How to Open MT4 Bitcoin Practice Account
Once you fill MetaTrader 4 practice bitcoin account opening form & complete this step, you will get confirmation information of your online demo login & password details as illustrated and shown below. A copy of these sign in credentials will also be sent to your email address.
MetaTrader Bitcoin Demo Account Registration Confirmation
The crypto sign in details of the free practice 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 MetaTrader 4 Bitcoin Practice Account
Once you as a trader receive the demo account sign-in credentials, you can now then login into the MetaTrader 4 platform and start to access the financial market & practice trading on this demo practice account.
Link to also download the MT4 platform is also provided along with the login and password details upon registration of MetaTrader 4 practice bitcoin account so that you can download MetaTrader 4 Bitcoin Software, if you haven't 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.
How to Sign in to Demo BTCUSD Trading Account
To sign in to your Meta Trader 4 bitcoin practice: Open the MT4 software & at the tops left corner of MT4 click the 'File' button then click Sign in as shown below:
Log In to Bitcoin Demo Account on MT4 Platform - MT4 Demo Tutorial Guide
The following pop up widow will pop up prompting you to enter your demo account sign-in credentials and password. Enter the 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.
Log In to Bitcoin Practice Account
Enter details as below & sign in
Log In to Practice Bitcoin Demo Account - Meta Trader 4 Bitcoin Demo Account Lesson
You'll then be logged in to the MT4 demo bitcoin account as shown below:
Example of How Demo Account Looks on MetaTrader 4 - MT4 Bitcoin Demo Account
Once you've opened free demo account you can then start to practice the following:
- How to place bitcoin orders
- How to open charts & place indicators
- How to Analyze Bitcoin charts
- How to monitor profits & losses
- How to navigate MetaTrader 4 software interface
While practicing all of the above, the money used is virtual money, meaning a bitcoin practice trader will practice using virtual money but everything else including bitcoin price moves will reflect the true market movement.
Demo Practice versus Live BTCUSD Trading Account
The bitcoin demo bitcoin account the only variation to the live account is the deposit, with a demo bitcoin account one 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 account to test out their bitcoin strategy and practice bitcoin trading til such a time when they can trade the btcusd market profitably. Then when they learn how to make a trading profit on their practice bitcoin account then they can open a live account and begin trading the real bitcoin market.
Once a beginner bitcoin trader registers for the free demo account the next thing is to learn the bitcoin software as well as learn bitcoin systems and bitcoin strategies which will be used to generate signals for bitcoin trading. Trader will then test these bitcoin strategies on Bitcoin demo account that they will have opened to test if these trade strategies are profitable. Once the bitcoin trade strategies are profitable on the bitcoin demo account and a trader starts to make consistent profits on their Bitcoin practice practice bitcoin account then they can consider opening a real cryptocurrency account.
