Purpose of the Exness MetaTrader 4 Demo Account
An Exness demo MT4 account has several benefits:
- Trade without losing money: Practice safely.
- Get to know MetaTrader 4: Learn how to use the trading platform.
- Test trading ideas: You can check whether those ideas might have worked before investing real money.
- Confidence: Trade without fear of losing money.
- Market insight: Links movements of prices in live-market conditions.
Creating an Exness demo account is simple and totally free. After completing the deposit, you will receive $10,000 in virtual money to trade with. It is sufficient to experiment with different trading methods.
The demo closely matches real trading conditions. But remember, trading with real money feels different emotionally.
Both new and experienced traders use MT4 demo accounts. Beginners learn the basics, while pros test new strategies.
Using a demo account is smart before real trading. It helps you avoid costly mistakes later. Just remember to treat demo trading seriously to build good habits.
How to Open an Exness MT4 Demo Account
Here’s how to open an Exness MT5 demo account in 5 easy steps:
- Visit the Exness website and find the “Register” option.
- Fill out the registration form with your basic information.
- Choose an account type, open a Demo Account and select “MetaTrader 4” as the platform and choose a base currency.
- Submit the form.
- Check your email for login details.
The whole process typically takes less than 3 minutes. Once complete, you’ll have access to a forex demo account MetaTrader 4 with $10,000 in virtual funds.
How to download and Install MT4 for Exness Demo Trading (PC, Mobile Web)
Once you have opened a Exness demo account, the next step – set up MetaTrader 4. Steps to on different devices:
- For PC:
- Visit Exness website and locate the download for MetaTrader 4.
- Download the MT4 installer.
- Run the already installed application and complete the installation steps.
- Open MetaTrader 4 and sign in by typing the data of your demo account.
The MT4 demo download for PC is 300mbs and can take you between one to two minutes of downloading on a standard internet.
- For Mobile:
- Go to your device app store.
- Search for “MetaTrader 4”.
- Download and Install Official MT4 Application
- Launch the app and choose Exness as your broker.
- Login with your demo account creds.
The mobile app is more than 100 MB, so it downloads faster than the PC version.
For Web Trading: Exness provides a web-based online demo account of MetaTrader 4 as well. Log into you Exness account here on their website. No download is required.
While the MT4 platform’s base functionality is available regardless of which version you decide to use. Features include real-time quotes as well as interactive charts and a comprehensive suite of technical indicators.
How to Use the Exness MetaTrader 4 Demo Account
Login to Your Demo Account
Follow these steps to login on your demo account MetaTrader 4:
- Open the MT4 platform.
- Choose Exness-Demo from the list of available servers.
- Put in Your Login ID and Password
- Click “Login”.
Your login details are unique. Keep them safe and don’t share them with others.
Navigating the MT4 platform
The MT4 platform has 4 main areas:
- Market Watch: Shows current prices for currency pairs.
- Navigator: Contains account info, indicators, and expert advisors.
- Chart Window: Displays price movements graphically.
- Terminal: Includes tabs for trades, account history, and more.
Take some time to explore these areas. Familiarity with the platform will make trading easier.
Setting up your first demo trade
Here’s how to place your first trade on the Exness MT4 demo:
- In Market Watch, right-click a currency pair and select “New Order”.
- Choose buy or sell.
- Set your lot size (start with 0.01 lots).
- Optional: Set stop loss and take profit levels.
- Click “Place” to open the trade.
Your trade will appear in the “Trade” tab of the Terminal window. Monitor it closely.
Tips for Effective Demo Trading on Exness MT4
Here are 7 key tips to make the most of your Exness MT4 demo account:
- Treat virtual cash just like actual money. This state of mind will make you create those all important habits.
- Start with small trades. Force yourself to learn with 0.01 lot sizes
- Keep a trading journal. Put your trades to paper along with the rationales and outcomes.
- Try different strategies. The demo account is a great tool to test different strategies without risk.
- Use stop-loss orders. Remember to place a stop-loss. Real traders need to know that.
- Trade at different times. A market never trades the very same way 24/7. Try these changes out for yourself.
- Take your time. It takes many profitable traders 3 to a maximum of six months on demo before switching live.
The objective in not making “profit” but learning how forex trading works.
Step from Demo to Real Trading
Using the Exness demo account for trading and moving on from that to live trading is a big step. Here’s how to do it right:
- Review your demo performance. Trade for at least 2-3 months with regular profits before going live.
- Start small. For instance, if you are just starting out with a lower start-up fund ($500 or even $1000) start small.
- Stick to your strategy. Don’t change what worked in demo trading just because real money is involved.
- Manage your emotions. In real trade there is a lot of stress. Expect high and low moments.
- Use the same position sizes. If you used 0.01 lots in demo trading, then begin using that on a live account as well
- Keep learning. Because the forex market is constantly changing. Stay Aware Of Economical Events and Trends.
- Don’t chase losses. If you have a losing day, do not increase the size of your trades to “get it back fast”.
Demo trading is not a true measure of how effective and profitable your method will be when applied to real market conditions. But at least you will have practiced the skills.
Frequently Asked Questions
For how long can I utilize the Exness MT4 download demo account?
Exness MT4 demo account never expires. As long as you wanted to use it. For others, it might take a few weeks or several months of practice. It’s up to you.
One thing to remember: account may reset if no use in 30 days. Just log in and trade once a month to avoid this. If it does reset, unless you find another one.