When it comes to learning to trade and testing strategies, no tool comes close to using an MT4 simulator. The application allows you to practice trading in real-world markets without risking your money.
Whether you are a beginner looking to learn or a seasoned trader planning to level up, the MT4 simulator app is a treasure trove when it comes to refining skills and testing out strategies.
In this guide, our focus is on the MT4 simulator free download. We will help you understand how you can get the simulator running on your device for free. In addition, the article will include tips to find your way around when you launch it for the first time.
MT4 Simulator Options
There are many MT4 simulators available online. Some are freemium apps, while others charge a fee for the MT4 trading simulator pro features. Let’s take a quick look at some of the popular ones available right now.
- MetaTrader 4 Demo Account
This is by far the best choice, especially if you want a free option. The demo account is a real gold mine, giving you access to various technical indicators and charting tools to help you analyze the markets.
- Forex Tester Online
It is a popular MT4 trading simulator that has a free trial version. It is a web-based platform, so you won’t need to download anything. It is perfect for testing new strategies and practicing whether you are a scalper or a long-term investor.
- Soft4FX
Soft4FX works as a plugin for the MT4 app. It allows users to practice using historical data available on the MT4 app. However, it only works on the MetaTrader 4 app, so it won’t be useful if you have the MT5 version.
MT4 Simulator Free Download: How-to Guide
The first step is to download and install the MetaTrader 4 app on your device. Now, this is very simple. Head over to your broker’s website, in this case, Weltrade, and download the application setup.
Once downloaded, follow the prompts until the app is installed on your device. The next step is to download a forex trading simulator for MT4. Remember, you can still learn a lot using the MetaTrader 4 demo account.
However, if you prefer using a third-party plugin, feel free.
Visit a trusted site that offers an MT4 simulator free download. However, be wary of MT4 trading simulator pro crack versions available on the internet. Some of them come with malware and bugs that can destroy your device and steal your data.
Install the MT4 Simulator
Open the MetaTrader 4 app and head to the “file” menu and select “open data folder.” Copy the downloaded plugin into the appropriate folders. Restart MetaTrader 4 to activate your new simulator.
The simulator needs historical data to run tests. You can do so by going to “tools” and selecting “history center.” Select your preferred currency pair and click “download” to fetch the data. You can download as much data as you want for extra trading sessions.
Final Thoughts
Getting an MT4 simulator free download will help you practice and perfect your forex trading skills. With the MT4 trading simulator free options available today, there’s no reason not to take advantage of them.
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