Exness MT4 Demo
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● Step 3
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Creating an Exness MT4 Demo Account in Pakistan
Pakistani traders can establish Exness MT4 demo accounts to practice trading without financial risk. Registration requires only basic information and takes about 3 minutes to complete. No identity verification is needed, making demo accounts immediately accessible.
Demo accounts remain active indefinitely and can be reset whenever needed. Each account comes with virtual funds ranging from $10 to $10,000 (PKR equivalent).
| MT4 Demo Feature | Specifications for Pakistani Traders |
| Registration Time | 3 minutes |
| Required Documents | None for demo accounts |
| Virtual Balance | $10 – $10,000 (PKR equivalent) |
| Account Duration | Unlimited (no expiration) |
| Trading Hours | 24/5 (Sunday 24:00 to Friday 24:00 PKT) |
Step-by-Step MT4 Demo Account Creation Process
To create an Exness MT4 demo account, visit the official Exness website. Click “Open Demo Account” and enter a valid email address and password. Select Pakistan as your country and verify the email sent to your address.
Log into the Personal Area using your new credentials. Navigate to “Accounts” section and click “Open New Account.” Select MT4 as the platform and choose your preferred account type (Standard, Zero, or Raw Spread). Set parameters including leverage, initial balance, and base currency. Click “Create Account” to receive your MT4 login credentials.
Downloading and Installing MT4 in Pakistan
From the Personal Area, navigate to “Platforms” and select MT4. Choose the appropriate version for your device. The Windows version requires 85MB of space.
Installation steps:
- Accept the license agreement
- Select installation location
- Choose components to install
- Create desktop shortcuts
- Complete installation
Launch MT4 and enter your demo account credentials to begin.
Navigating the MT4 Interface
The MT4 interface includes the Market Watch window (available trading instruments), Chart Window (price movements), Navigator window (accounts, indicators, EAs), and Terminal window (trades, account history).
Creating and Analyzing Charts
To open a chart, right-click any instrument in Market Watch and select “Chart Window.” Change timeframes using the toolbar or keyboard shortcuts. Modify chart types (bar, candlestick, line) using toolbar buttons.
Add technical indicators by clicking “Insert” → “Indicators” and choosing from available categories. Use drawing tools accessed through the “Insert” menu for technical analysis. Create templates by configuring a chart with preferred settings, then right-click → “Template” → “Save Template.”
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Placing Trades on Exness MT4 Demo Platform
Pakistani traders can execute trades on the MT4 demo platform using several methods. The simplest approach involves right-clicking on the chart and selecting “Trading” then “New Order.” Alternatively, press F9 to open the order window for the current instrument. For market execution orders, select “Market Execution” as the order type. Specify the volume (lot size) starting from micro lots (0.01). Set optional stop loss and take profit levels by entering price values or dragging lines directly on the chart. Click “Sell by Market” or “Buy by Market” to execute the trade. For pending orders, select “Pending Order” and choose the type: Buy Limit, Sell Limit, Buy Stop, or Sell Stop. Enter the activation price, volume, and optional expiration time. Click “Place” to create the pending order which appears in the Terminal window until triggered or cancelled.| Order Type | Function | Typical Usage by Pakistani Traders |
| Market Order | Immediate execution | Day trading during active hours |
| Buy Limit | Buy below current price | Buying dips at support levels |
| Sell Limit | Sell above current price | Selling rallies at resistance levels |
| Buy Stop | Buy above current price | Breakout trading above resistance |
| Sell Stop | Sell below current price | Breakdown trading below support |
Managing Open Positions and Orders
After executing trades, all active positions appear in the Terminal window under the “Trade” tab, displaying instrument, order type, volume, entry price, current price, stop loss, take profit, and floating profit/loss. To modify an existing position, right-click on it in the Terminal and select “Modify or Delete Order.” This opens a window allowing adjustment of stop loss and take profit levels as market conditions evolve. Alternatively, drag horizontal lines directly on the chart to visually adjust these levels. Closing positions can be accomplished through right-clicking a position and selecting “Close Order.” For partial closure, select “Close by” and specify the volume to exit. During volatile market conditions, using the “Close All” option quickly exits all open positions.Testing Trading Strategies on MT4 Demo
Pakistani traders can use the MT4 demo environment to test various trading approaches before risking real capital. These include:- Day trading – opening and closing positions within a single day
- Swing trading – holding positions for several days to weeks
- Position trading – longer-term trading based on fundamental factors
- Scalping – very short-term trades capturing small price movements
Using Expert Advisors for Automated Trading
MT4 demo accounts allow Pakistani traders to experiment with automated trading through Expert Advisors (EAs). To implement an EA, locate it in the Navigator window under “Expert Advisors,” then drag it onto the desired chart. A configuration window appears with parameters specific to the selected EA. For the EA to function, enable automated trading through “Tools” → “Options” → “Expert Advisors” tab. Check “Allow automated trading” and optionally “Allow DLL imports” if the EA requires external libraries. Additionally, click the “AutoTrading” button in the toolbar until it shows green. The Strategy Tester feature allows Pakistani traders to evaluate EA performance using historical data. Access this tool via “View” → “Strategy Tester” or by pressing Ctrl+R.Risk Management Techniques to Practice
MT4 demo accounts provide ideal environments for Pakistani traders to master risk management techniques without financial consequences. The percentage risk method limits exposure to a predefined portion of account capital per trade (typically 1-2%). Stop loss placement represents another critical risk management practice. On MT4, stops can be set during initial order placement or added later by modifying existing positions. Pakistani traders should place stops beyond significant support/resistance levels, accounting for market volatility.Converting to a Real Account
When ready for live trading, verify profitability over at least three consecutive months. Access the Exness Personal Area and select “Open Real Account.” Complete verification by submitting identification and proof of address documents.| Transition Aspect | Recommendation for Pakistani Traders |
| Demo Success Period | Minimum 3 consecutive profitable months |
| Initial Position Sizing | 50% smaller than demo account positions |
| Risk Per Trade | Maximum 1% of account (vs 2% in demo) |
Troubleshooting Common MT4 Issues
For connection problems, check internet connectivity and firewall settings. Fix missing price data by refreshing charts (F5). Prevent platform crashes by:- Reducing open charts
- Limiting indicators per chart
- Closing unnecessary applications
- Updating to the latest version
