Best Platform Online
The Best Gold Trading Platform Online is the MT4 platform. This is one of the most common gold software which is used by almost every other trader as well as by almost every online broker.
In this guide we shall explain the MetaTrader 4 Interface so that beginners wanting to begin learning this Best Gold Trading Platform Online, can then start from the lesson.
Best Gold Trading Platform Online - MT4 Workspace
Form the above screenshot of the this software platform there are several tool bars as well as chart window.
You can download this Best Gold Trading Platform Online from your online broker's site. Now after you download it, then you'll need to know one or 2 things about this gold platform:
The first thing is how to install this gold platform after you download. For example if you download the MT4 software, you'll need to go to a online broker first, register for a demo trade account then after you sign up for a demo trading account you'll be provided with a link where to download MT4 Software.
Once you download this gold platform, assuming you don't know much about PC computers, Open your Web Browser >>> Navigate to tools at the top-left corner of your browser next to 'file', 'edit', 'view' and click on tools, choose download folder place, (short cut: once you open your web browser click CTRL+J or CTRL+Y), a download popup will pop-up with links to downloaded items. Select the MetaTrader 4 software that you have just downloaded.
Best XAU/USD Software Online
To install this software after you've downloaded, open the download from where it's that you downloaded, from there an setup wizard pops up and all you have to do is to follow the setup instructions. After setup the trading software will run automatically like any other software. Read guide How to install MT4 platform. This platform is easy to install & this is another reason why this software platform is the Best Gold Platform Online.
You can open MetaTrader 4 from the start menu>>> Programs or from desktop shortcut that appears as a desktop icon marked MetaTrader 4 after set up.
Demo Account Signup & Log-in
To open an account in MetaTrader 4 just press on 'file' & then on open an account, to login to an account just click on 'file' at the top right corner and click sign in from the drop-down menu that pops.
Once yousign in to the MT4 software you'll get access to charts & other analysis tools such as indicators that you will then use to place trades within the market while linked to your gold broker's servers.
Trading Platform Menu Bar and Tool Bars
Menu Bar on MetaTrader 4 for Navigating within the Trading Platform - Best gold platform
Menu bar is used to operate and navigate this gold platform from a single panel. From this panel you can set how to view tool-bars, chart, data panel and even use the file tab to open a account - and also login to your account. This menu bar makes this platform easy to operate & this is also why this is Best Gold Trading Platform Online for beginner traders.
From the menu bar you can click on view tab and choose chart tool-bars like in the above screen shot, these menu tool bars can be used to set up charts, indicators, time frames, and others things like drawing trendlines and Fib retracement levels and Fib extension levels. To learn how to customize this software platform go to the MetaTrader 4 Course Section.
Now that we have looked at the tool bar & menu bar, we will look at the main work-space interface of the MT4 software.
Best Online Gold Software - MT4 Best Gold Trading Platform Online
MarketWatch window - This window panel is used to show a stream of the exchange rates that is obtained from your trading broker. In this marketwatch window you can right click anywhere on this panel to choose show all trading instruments or hide the ones you are not interested in & save some band-width at same time. No need to have prices for 50 trading instruments if you are only interested in 4 instruments. This make this software easy to use with any internet connectivity another reason why this is the Best Gold Trading Platform Online.
Data Window Interface - Used to setup Indicators, EAs & scripts, you can click on any of this menu sub items and expand/collapse the technical indicators or EAs used for automated xauusd trading.
Charts Panel - This is where the price moves will be drawn.
Charts Tab - Navigation from one financial instrument to another is easy, just flip through the charts tab as shown above.
Terminal Panel - This window panel is used to display a statement of your trade transactions, profits & loses that you have made in your real account or demo trading account. To enlarge this panel & view the open trade transactions, just hover the mouse on terminal panel tool bar til the cursor changes, click and hold down the mouse button and then move cursor upwards.
Connection bars - These are used to explain the connection to internet, red bars mean no internet connection, green bars explain there is internet connectivity.
Exchange Rates Graph - this shows the exchange rates for xauusd that you are trading so as to explain if the exchange rate is going upward or downwards.
Why MT4 is The Best Trading Platform Online
In the online gold market there are many platforms available around the internet. But among the top platforms the Best Gold Trading Platform Online is the MT4 Platform Software, it is the best Gold software because of following reasons:
Low Bandwidth Internet Connection Requirement
Not everyone can afford to pay for the best online internet connection, the T1, the satellite, ADSL or Fiber internet connection: furthermore, these aren't readily available to some residential levels and might be limited to office buildings. This is why it's best to choose a gold platform which requires the minimum bandwidth, MetaTrader 4 software platform. Even with the best internet connection, sometimes the connection may not be available and you may need to use an alternative connection like the modem. MT4 is the least expensive if you are on a modem. To even reduce further the inter-net band width usage go to marketwatch (Short Cut Keys press CTRL+M), RightClick on any instrument, Select 'Hide all', now the platform will only stream the price quotes for pairs you only need and conserve your internet band-width even further. Especially when using a mobile phone or iPad or Tablet where you are paying for data plan credit data this can save your internet data. This is one of the reason why the MetaTrader 4 is considered as one of the best gold platforms online.
The easier it's to connect the easier it's open & close trade transactions on time.
Provided by all Online Brokers
Another reason why this gold platform is considered as one of the Best Gold Trading Platform Online is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a xauusd trader learns the MT4 platform there's no need to re-learn when you switch to another online broker. You can still use same MetaTrader 4 of the new broker without the need to learn a new software platform all over again.
Easy Analysis
The other thing which makes this the best gold software is the ease with which you can set up the trading analysis indicators on the trading charts. Even those using various web traders will do their analysis on MetaTrader 4 chart and then place their gold orders on their webtrader.
Technical analysis traders also can setup custom technical indicators on this gold platform, making it easier to add more trading analysis tools onto the platform. Others also install EAs on this gold platform so as to trade automatically with these programs referred to as automated Expert Advisor Bots.
Best Gold Charts
The MT4 has the Best Gold Trading Platform Online charts representations available and implements many chart timeframes from which a can select.
Simplicity
Overall the simplicity of this software & the fact that any investor can learn how to use MT4 within one hour makes this the Best Gold Trading Platform Online for new & experienced traders.
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- Types of XAU USD Methods & Gold Strategy Methods
- Day Gold Strategies Guide
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- What is XAUUSD Price Action Gold System?
