If you open a demo account, you can gain experience and better knowledge of MetaTrader 4. You can test a chosen trading strategy in real-environment conditions with no financial risk involved.
You can also learn the technology of making deals and placing orders. You will have an opportunity to make high-quality technical and fundamental analysis.
The difference between demo account and live account
Functional capabilities of the demo account and the live account are the same. Losses and profits on the demo account are virtual. No financial risk is involved, as you do not invest money. On the demo account deals are processed automatically (by the server) whilst on the live account they are processed manually (by a dealer). As a result it takes only 1-2 seconds to get a quote on the demo account whilst on the live account it takes about 5-15 seconds (under normal market conditions).
How to open a demo account
1) If you have never used MetaTrader 4 before you need to download and install MetaTrader4: Alpari
2) If you have installed MetaTrader already and you want to open a new demo account, select the “File->Open an account item from the menu.
3) Run the program (terminal.exe).
4) Fill out every necessary field with true information, otherwise our administrator can delete your account. In the registration form you can choose the leverage size and the volume of your virtual deposit.
Note, that your demo account will be automatically deleted by the server unless you make at least one deal every two months.
Informational trading platform MetaTrader 4: Alpari