Gold Software

The best gold trading trusted trading platform software is the MT4 software. This gold trading software is one of the most common gold software that's used almost by every other trader as well as almost every online broker.

In this learn MT4 platform tutorial we shall explain the MetaTrader 4 Interface so that beginner traders wanting to start learning this Gold charting software, can then start from this lesson.

Best Online Platform - MT4 Workspace - Gold Trusted Platforms

From above screenshot of the this gold platform MT4 software there are several tool bars as well as chart window.

You can download this online platform from your broker's web site. Now after you download gold platform, then you will need to learn one or 2 things about this gold trading software:

The first thing is how to setup this gold trading software after you download. For example if you download the MT4 software, you will need to go to a broker first, register for a trading practice account then after you register for a demo account you'll be provided with a link where to download MetaTrader 4 software.

Now once you download this gold platform, guessing you don't know much about Desktop computers, Open your Web Browser >>> Go to tools on tops left corner of your browser next to "file", "edit", "view" & click on tools, choose download file place, (shortcut: once you open your webbrowser click CTRL+J or CTRL+Y), a download pop up will then appear with links to downloaded items. Choose the software that you have just downloaded.

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To setup this software after you have downloaded, launch the download from where you downloaded, from there an installation pop up wizard pops up and all you've to do is to follow the setup instructions. After setup the software will run automatically just like any other software. Read guide How to install MetaTrader 4 software.

You can open MetaTrader 4 software from the start menu>>> Programs or from the desktop short-cut that appears as a desktop icon marked MT4 after setup.

Demo Account Opening & Sign in

To open an account in MT4 just click on "file" and 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 appears.

Once youlogin to the platform you'll get access to charts & other analysis tools such as indicators that you'll then use to place trades within the market while connected to your broker's servers.

Gold Platform Menu Bar & ToolBars

Menu Bar in MetaTrader 4 for Navigating within the Software

Menu bar is used to operate & navigate this gold trading software from one panel. From this panel you can set how to view tool-bars, chart, data window & even use the file tab to open a account - & also sign in to your platform account.

Form the menu bar you can click on view tab & select toolbars like in the above pictured image, these menu bars can be used to set up platform charts, indicators, time frames, and others things like drawing trendlines and Fib retracement areas and Fib expansions. To learn how to customize this gold platform software navigate to this MT4 Platform Lesson Section.

Now that we have looked at the tool-bar and menu bar, we shall look at the main work space inter-face of the MetaTrader 4 software.

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Market Watch window - This window is used to show a stream of the exchange rates that's obtained from your trading broker. In this market watch window you can right click anywhere on this panel to choose show all trading financial instruments or hide the ones you are not interested in and save some bandwidth at the same time. No need to have prices for 50 trading instruments if you are only interested in a few trading instruments.

Data Window - Used to setup Indicators, EAs and scripts, you can click on any of this menu sub items and expand/collapse the indicators or EAs used for automated trading.

Charts Panel - This is where the price moves will be drawn.

Charts Tab - Navigation from one trading instrument to another is easy, just flip through the charts tab as illustrated above.

Terminal - This window is used to display a statement of your trades, profits and loses that you have made in your live xauusd trading account or demo xauusd trading account. To enlarge this window panel and view the open trades, just hover mouse on the terminal panel toolbar until the cursor changes, click & hold down the mouse button and then move cursor upward.

Connection bars - These are used to explain connection to the internet, red bars mean no internet connectivity, green bars explain there is net connectivity.

Exchange Rates Graph - this shows the exchange rates for gold that you are trading so as to explain if the exchange rate is going upwards or downward.

Why MT4 is Best Trading Software

In the online market there are many platforms available around the internet. But among the top softwares best platform is MetaTrader 4 software, it is the best Gold software because of the following reasons:

Low Bandwidth Connection Requirement

Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber internet connection: furthermore, these aren't readily available to some residential areas and may be limited to office buildings. This is why it is best to choose a software that requires the minimum band-width, the MT4 software. Even with the best connection, sometimes the connection might not be available & you may need to use an alternative connection like the modem. MT4 platform is the least expensive if you're on a modem. To even reduce further the inter-net band-width usage go to market watch (Shortcut press CTRL+M), Right-Click on any trading instrument, Select "Hide all", now the platform will only stream the price quotes for the pairs you only need & conserve your band width even further. Especially when using a phone or i Pad or a Tablet where you're paying for phone credit data this can save your credit. This is one of the reason why MT4 platform is considered as one of the best softwares online.

The easier it's to connect the easier it's open and close trades on time.

Provided by all Brokers

Another reason why this Gold software is considered as one of the best software is because MetaTrader 4 is liked by most traders all online brokers provide it. Once as a investor learns the MT4 software there is no need to re-learn when you switch to another xauusd broker. You can still use the same MT4 of the new broker without the need to learn a new software all over again.

Easy Analysis

The other thing that makes this the best platform is ease with which you can set up the technical analysis indicators on the charts. Even those using various web traders will do their analysis on MetaTrader 4 platform and then place their orders on their web trader.

Technical traders can also install custom technical indicators on this software, making it easier to add more technical analysis tools onto this gold platform. Others also install Expert Advisors on this gold trading software so as to trade automatically with these programs referred to as Expert Advisor Bots.

Best Charts

The MT4 has the best platform charts representations available & implements many chart timeframes from which a investor can choose.

Simplicity

Overall the simplicity of this gold platform software & the fact that any investor can learn how to use MT4 platform within one hour makes this the best software for new and experienced traders.

According to trading software reviews of the top softwares MetaTrader 4 is the best xauusd trading software - Gold Trusted Softwares MT4 Platforms. Therefore, traders looking for what is the best gold software can start trading with the MT4 software - Gold Trusted Platforms - as it's the best platform software & it's very easy to learn.