Trade Gold Trading

Learn Gold Trading Online Free Tutorials

Gold Trading Platform

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

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

XAU USD Trading Platform - Best Online Learn Gold Trading Platform Training Tutorial Course - XAU/USD Trading Software Software

Best Online Gold Trading Platform - MT4 Workspace - Gold Trusted Trading Platforms

From the above screenshot of the this gold trading platform MetaTrader 4 software there are several toolbars as well as chart windows.

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

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

Now once you download this gold trading platform, assuming you do not know much about computers, Open your Browser >> Go to tools at the top left corner of your browser next to "file", "edit", "view" click on tools, select download folder location, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download popup will appear with links to downloaded items. select the software that you have just downloaded.

Gold Trusted Trading Platforms

To install this software after you have downloaded, launch the download from where you downloaded, from there an installation wizard appears and all you have to do is to follow the installation instructions. After installation the platform will run automatically just like any other software. Read tutorial How to install MetaTrader 4 platform.

You can open the MetaTrader 4 platform from the start menu>> Programs or from the desktop shortcut that appears as a desktop icon marked MetaTrader 4 after installation.

Demo Account Opening and Login

To open an account on MetaTrader 4 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 login from the drop down menu that appears.

Once youlogin to the gold trading platform you will get access to charts and other technical analysis tools such as technical indicators that you will then use to place trades within the xauusd market while connected to your gold broker's servers.

Gold Trading Platform Menu Bar and Toolbars

XAUUSD Trading Platform - Best Online Learn XAU/USD Trading Software Training Tutorial Course - Gold Trading Platform Software

Menu Bar on MT4 for Navigating within the Software

Menu bar is used to operate and navigate this gold trading platform from one single panel. From this panel you can set how to view toolbars, chart, data windows and even use the file tab to open a xauusd trading account - and also login to your gold trading platform account.

Form the menu bar you can click on the view tab and select toolbars like in the above pictured screenshot, these menu bars can be used to set up gold trading platform charts, indicators, time frames, and others things like drawing gold trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this gold trading platform software navigate to this MT4 Gold Trading Platform Tutorial Section.

Now that we have looked at the toolbar and menu bar, we shall look at the main workspace interface of the MetaTrader 4 platform.

Main Chart Panel Interface of the MetaTrader 4 XAUUSD Trading Platform - MT4 XAUUSD Trading Platform PDF - Best Online Learn XAUUSD Trading Platform Training Tutorial Course

Best Online Gold Trading Platform

Broker

Market Watch window - This window is used to show a stream of the exchange rates that is obtained from your gold broker. In this market watch window you can right click anywhere on this window to select show all trading 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, Expert Advisors and scripts, you can click on any of this menu sub items and expand/collapse the indicators or Expert Advisors used for automated trading.

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

Charts Tab - Navigation from one trading instrument to another is easy, just flip through the charts tab as shown 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 and view open trades, just hover the mouse on the terminal tool bar until the cursor changes, click and hold down mouse button and then move cursor upwards.

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

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

Why MetaTrader 4 is Best XAUUSD Trading Software

In the online gold market there are many gold trading platforms available around the internet. But among the top gold trading platforms best gold trading platform is the MT4 platform, 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 Optic internet connection; furthermore, these are not freely available to some residential areas and may be limited to office buildings. This is why it is best to choose a gold trading platform that requires the minimum bandwidth, the MT4 platform. Even with the best connection, sometimes the connection may not be available and you may need to use an alternative connection like the dial up or modem. MetaTrader 4 platform is the least expensive if you are on a modem. To even reduce further the internet bandwidth usage go to market watch (Shortcut press CTRL+M), Right Click on any trading instrument, Select "Hide all", now the gold trading platform will only stream the xauusd price quotes for the pairs you only need and conserve your bandwidth even further. Especially when using a mobile phone or i Pad or a Tablet where you are paying for phone credit this can save your credit. This is one of the reason why the MetaTrader 4 platform is considered as one of the best gold trading platforms online.

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

Provided by all Brokers

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

Easy Technical Analysis

The other thing that makes this the best gold trading platform is the ease with which you can set up the technical analysis indicators on the gold charts. Even those using various web traders will do their technical analysis on the MT4 platform and then place their gold orders on their web trader.

Technical traders can also install custom indicators on this software, making it easier to add more technical analysis tools onto this gold trading platform software. Others also install automated Expert Advisors on this gold trading platform so as to trade automatically with these programs known as automated EA Gold Trading Robots.

Best Charts

The MetaTrader 4 has the best gold trading platform charts representations available and implements many chart time frames from which an investor can choose.

Simplicity

Overall the simplicity of this gold trading platform software and the fact that any investor can learn how to use MetaTrader 4 platform within one hour makes this the best trading platform for new and experienced xauusd traders.

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

Regulated Gold Broker Information: Read About Regulated Gold Broker Review

Takes 5 Minutes to Open an Account, Open an Account Early: Open Gold Account


XM Copy Trading


Broker