Installing 2nd MetaTrader With the Same Broker
Installing 2nd MetaTrader With the Same Broker is a free lecture from the Algorithmic Trading Course for Beginners+ 40 EAs. Enroll in the course on our website:

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In this video, I'm going to be showing you Installing 2nd MetaTrader With the Same Broker that you really have a platform installed from.

And the reason I want to show you this is so that you don't accidentally overwrite the existing data that you already have for this broker.

So it's very simple and very similar to the first way we installed it. The only thing we need to do is change the installation directory.

So what we're going to do is double-click on the Meta Trader 4 executable file that you downloaded from your broker previously, it opens up this installation window with the license agreement.

And then before we click Next, what's very important is that we click on Settings. Now, as you can see in the Installation folder, again, it has the default installation folder and we're going to change that.

So what I'm going to do is I'm going to call this IG_MT4_Demo Live Account.

Now, you can call it anything that you want, it really makes no difference.

The important thing to remember is that it just doesn't have the same name as the previous installation. And like before, we just unselect this checkbox here, and then we click Next. Once again, it installs very quickly.

And once it's finished, we just click Finish. It will then launch the program automatically. And then once the program has launched, we're going to go through the same process as before, we select IG Demo, we click Next, select New Demo account, click Next.

Just fill in all your details again if they aren't already filled in, check the box that says I agree to subscribe to your newsletters, and then click Next.

Then like before, we're going to get our login details, our login account number, our password, and our investor password. Incidentally, we didn't mention this before, but the investor password is just a second password that you can give to somebody else.

What it will do is it will enable them to have a look at what's going on, to look at the trades that are going on.

But they're not going to be able to change anything. They won't be able to open or close trades or anything else at all. So from there, we click Finish. And that's it, guys, our second account is now open and active and running.

And in the next video, I'm going to show you how we copy the Expert Advisors from our Demo accounts onto this account.

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