Best XAUUSD Software for MAC
Gold Trading Softwares for Mac - the Best Software for MAC is the MT4 platform. This is one of the most common software which is used by almost every other online trader as well as by almost every online broker.
In this learn Trading Softwares for Mac tutorial we shall explain the MT4 Interface so that beginner traders wanting to start studying this Best Trading Platform for MAC, can then begin from the lesson.
Best Software for MAC - 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 Software for MAC from your online broker's site. Now after you download it, then you'll need to learn one or two things about this platform - Gold Trading Softwares for Mac:
First thing is how to install this software after you download. For example if you download the MetaTrader 4 trading softwareplatform, you will need to go to a broker first, register for a demo account then after you sign up for a demo trade account you'll be provided with a link where to download MT4 Trading Softwares for Mac.
Once you download this software platform, assuming you do not know much about Desktop computers, Launch your Web Browser >>> Navigate to tools at the top left corner of your browser just next to 'file', 'edit', 'view' & click on tools, select download folder place, (shortcut: once you launch your browser press CTRL+J or CTRL+Y), a download popup will pop-up with links to the download items. Select the MT4 software that you have just downloaded.
Best XAUUSD Software for MAC
To install this software after you've downloaded, launch the download from where you downloaded, from there an installation pop-pup wizard pops up and all you have to do is to follow the MT4 Trading Software for Mac installation instructions. After installation the Meta Trader 4 Trading Software for Mac will run automatically just like any other software. Read guide How to install MetaTrader 4. This MT4 platform for Mac is easy to install and this is another reason why this software is Best Software for MAC.
You can open MT4 from the start menu>>> Programs or from desktop short cut that appears as a desktop icon marked MT4 after set up.
Demo Account Signup and Log-in
To open an account on 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 & click sign in from the drop-down menu that pops.
Once yousign in to the MT4 you will get access to charts and other trading analysis tools such as technical indicators that you'll then use to place trades within the market while linked to your online broker's servers.
Gold Trading Platform Menu Bar & ToolBars
Menu Bar in MT4 for Navigating within the Trading Software - Best software
Menu bar is used to operate & navigate this software using a single window. 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 Software for MAC for beginner traders.
From the menu bar you can click on view tab and choose chart tool-bars like in the above illustrated screen-shot, these menu bars can be used to set-up charts, indicators, time frames, & others things like drawing trend lines and Fibonacci retracement levels and Fibonacci extensions. To learn how to customize this software go to this MT4 Tutorial Section.
Now that we have looked at the tool bar & menu bar, we will look at the main work-space interface of the Meta Trader 4 trading platform.
Best Online Software - MT4 Best Software for MAC
MarketWatch panel - This window is used to show a stream of the exchange rates that's obtained from your trading online broker. In this market watch panel 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 financial instruments. This make this software easy to use with any internet connectivity another reason why this is the Best Software for MAC.
Data Window Interface - Used to setup XAUUSD Indicators, EAs & scripts, you can click on any of this menu sub items and expand/collapse the technical indicators or Expert-Advisors used for automated trading.
XAUUSD Charts Panel - This is where price moves will be drawn.
Gold 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 and loses that you have made in your live account or demo account. To enlarge this panel & view the open trade transactions, just hover the mouse on terminal panel tool bar until the cursor changes, click & 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 connectivity, green bars explain there is internet connection.
Exchange Rates Graph - this shows the exchange rates for xauusd that you're trading so that to explain if the exchange rate is going upwards or downwards.
Why MT4 is The Best XAUUSD Software for MAC
In the online trading market there are many softwares available around the internet. But among the top softwares the Best Software for MAC is the MetaTrader 4 Platform Software, it is the best platform because of following reasons:
Low Band-width 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 is best to select a platform which requires the minimum bandwidth, MT4 trading software. Even with the best internet connection, sometimes the connection may not be available & you may need to use an alternative connection like the modem. MetaTrader 4 software is the least expensive if you're on a modem. To even reduce further the inter-net band width usage go to market watch (Short-cut Keys press CTRL+M), Right Click on any instrument, Select 'Hide all', now the software only will stream the price quotes for pairs you only need & conserve your internet bandwidth even further. Especially when using a phone or iPad or a Tablet where you're paying for data plan credit information this can save your internet credit. This is one of the reason why Meta Trader 4 is considered as one of the Best Platform for MACs online.
The easier it is to connect the easier it's open & close trade transactions on time.
Provided by all Online Brokers
Another reason why this software is considered as one of the Best Software for MAC is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a investor learns the MetaTrader 4 trading platform there is no need to re-learn when you switch to another broker. You can still use same MT4 software 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 Software for MAC is the ease with which you can set up the trading analysis trading indicators on the trading charts. Even those using various web traders will do their trading analysis in MetaTrader 4 chart and then place their orders on their web trader.
Technical analysis traders also can setup custom technical indicators on this software, making it easier to add more trading analysis tools onto the software platform. Others also install EAs on this software so that to trade automatically with these programs known as automated EA Robots.
Best Charts
The MetaTrader 4 has the Best Software for MAC charts representations available and implements many chart time frame from which a can select.
Simplicity
Overall the simplicity of this software and the fact that any investor can learn how to use MT4 within one hour makes this the Best Software for MAC for new & experienced traders.
Learn More Topics & Tutorials:
- Why Host Your Expert Advisor XAU/USD EA Bots with VPS Provided by Your Gold Broker Only
- How Do You Read Bollinger Bands Technical Indicator?
- How to Place New XAU USD Order in Tools Menu Trading on MT4 Platform
- 3 Types of XAUUSD Stochastic Oscillators, Fast, Slow & Full Stochastic Gold Oscillators
- Triple Exponential MA, TEMA XAU/USD Indicator Analysis
