Trade Gold Trading

Best Software XAUUSD

The Best Platform is the MetaTrader 4 software. This is one of the most common xauusd 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 Platform Gold, can then begin from the guide.

Best Software XAUUSD - MT4 Software - Learn MT4 Platform Example - How to Trade Using the MT4 Platform

Best Platform XAUUSD - MT4 Workspace

Form the above screen-shot of the this software platform there are several tool-bars as well as chart window.

You can download this Best Platform Gold from your broker's website. Now after you download it, then you will need to learn one or two things about this platform:

The first thing is how to install this software 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 trading account then after you sign up for a demo trade account you will be provided with a link where to download MetaTrader 4 Platform Software.

Once you download this software platform, assuming you don't know much about Desktop computers, Launch your Browser >>> Go to tools on the top left corner of your web browser next to the 'file', 'edit', 'view' and click on tools, choose download folder place, (short cut: once you launch your browser click CTRL+J or CTRL+Y), a download popup will pop-up with links to the download items. Select the MetaTrader 4 that you have just downloaded.

Best Software XAUUSD

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 & 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 and this is another reason why this software platform is the Best Platform Gold.

You can open MT4 from the start menu>>> Programs or from desktop shortcut that appears as a desktop icon marked MT4 after set up.

Demo Account Signup and Log-in

To open an account on MT4 just press on 'file' and then on open an account, to login to an account just click on 'file' at the top right corner & click login from the drop-down menu which pops.

Once yousign in to the MT4 software you'll get access to charts & other analysis tools such as indicators that you'll then use to place trades within the market while linked to your online broker's servers.

Software Menu Bar and Tool Bars

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Menu Bar on MetaTrader 4 for Navigating within the Platform Software - Best platform

Menu bar is used to operate and navigate this 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 sign in to your account. This menu bar makes this platform easy to operate & this is also why this is Best Platform for novice traders.

From the menu bar you can click on view tab and select chart tool bars like in the above screenshot image, these menu tool-bars can be used to set up charts, indicators, time frames, & others things like drawing trend lines and Fibonacci retracement levels and Fib expansion levels. To learn how to customize this software platform go to this MT4 Gold Guide 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.

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Best Platform XAUUSD - MT4 Best Platform Gold

MarketWatch window - This window is used to show a stream of the exchange rates that's obtained from your xauusd online 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 & 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 Platform Gold.

Data Window Interface - Used to set-up Trading Indicators, Expert Advisors & scripts, you can click on any of this menu sub items and expand/collapse the technical indicators or EAs used for automated gold 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 illustrated above.

Terminal Panel - This window 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 & then move cursor upward.

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 gold that you are trading so as to explain if the exchange rate is going upward or downwards.

Why MT4 is The Best Platform XAUUSD

In the online market there are many trading platforms available around the internet. But among the top platforms the Best Trading Software is the MetaTrader 4 Platform Software, it is the best platform because of following reasons:

Low Band-width 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 is best to choose a platform which requires the minimum bandwidth, MT4 software. Even with the best internet connection, sometimes the connection might not be available & you might 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 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 & conserve your internet band-width 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 MT4 is regarded as one of the Best Trading Platform 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 platform is considered as one of the Best Platform is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a xauusd trader learns the MT4 platform there is no need to re-learn when you switch to another broker. You can still use same MetaTrader 4 of the new online broker without the need to learn a new platformsoftware platform all over again.

Easy Analysis

The other thing which makes this the Best Platform 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 analysis on MetaTrader 4 chart and then place their orders on their webtrader.

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

Best Charts

The MT4 has the Best Trading Software charts representations available & 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 MetaTrader 4 within one hour makes this the Best Platform for new & experienced traders.

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