Top Platform XAUUSD Education - The Best XAUUSD Trading Platform

Practice Trading - Set of XAUUSD Trading Platform Tutorials for Beginner

The following image below shows the main MT4 platform inter-face. As a beginner trying to learn how to execute xauusd orders in the online xauusd market, the main tool for trading the xauusd market is the MT4 platform software. This MetaTrader 4 software is the software that you will connect to your xauusd trading broker with & execute xauusd trade transactions & monitor your xauusd account balance from this MT4 platform.

The XAUUSD MT4 platform software is provided for free through the various XAUUSD broker websites. This MT4 software looks like the examples below:

Main Areas of this MT4 software as displayed above are:

1. MetaTrader 4 Navigation Menus
2. Toolbars
3. MetaTrader 4 Chart Window Panel
4. MetaTrader 4 Navigator Window
5. MetaTrader 4 Market Watch Window
6. MetaTrader 4 Terminal
7. MetaTrader 4 Connection Bars

For this MetaTrader 4 guide we shall look at a brief introduction for each of these learn xauusd MT4 platform:

1. Navigation Menus

The MetaTrader 4 navigation menus are:

1. File
2. View
3. Insert
4. Charts
5. Tools
6. Window
7. Help

These are the main MetaTrader 4 navigation menus that can be used to navigate the MT4 platform. As a beginner you can begin by just clicking any of these MT4 navigation menus to familiarize yourself with various MetaTrader 4 buttons that are arranged as MetaTrader 4 submenus within these MT4 navigation menus.

These MetaTrader 4 navigation menus will be discussed & covered in details in the next MetaTrader 4 tutorials about navigation menus.

2. Tool-Bars

The MetaTrader 4 toolbars are used to manipulate MetaTrader 4 charts, either by placing MT4 indicators, MetaTrader 4 line studies, change MetaTrader 4 chart time-frames & load MetaTrader 4 template from a list of saved MetaTrader 4 templates.

These MetaTrader 4 toolbars will be discussed on other MT4 guides which will outline each MT4 button on this MetaTrader 4 tool-bar & how to add & customize these MetaTrader 4 tool-bars.

3. Chart Window Panel

This MT4 chart window is the main area where MT4 xauusd charts are displayed and a trader can analyze the trend direction of a MetaTrader 4 chart whether up or down, place MT4 chart indicators for technical analysis and even place orders from these MetaTrader 4 charts.

4. Navigator

MT4 Navigator will contain information about MT4 accounts, whether practice or real, this MT4 window will also have a list of all the MT4 indicators as well as MetaTrader 4 Expert Advisors & scripts.

A trader can choose which MT4 account to login by expanding the Accounts menu, choose an MT4 indicator by expanding the MT4 indicator menu or choose an MT4 Expert Advisor by expanding the Expert Advisor menu.

5. Market Watch

MT4 Market watch is used to show streaming trading quotes for MT4 trading symbols. This can list as many quotes provided by your MT4 XAUUSD broker or a few selected by a trader. To save inter net band width, right click inside the MT4 market watch window and choose 'Hide All', so as to hide the currencies that you're not transacting on this MT4 software & save on internet bandwidth.

6. Terminal

This is MetaTrader 4 window that is like the bank account trade area for your MetaTrader 4 xauusd trade transactions, on this MetaTrader 4 window panel you can view your account balance, profit & losses statement, equity, margin used also retrieve a copy of all your MT4 xauusd trade transactions history.

This MetaTrader 4 window will also list all open xauusd trade transactions & calculate all the profit & loss in realtime as the xauusd currencies move up or down.

7. Connection Bar

MetaTrader 4 connection bars - Red bars are for no connection, green bars show that there is connectivity to the servers & MT4 xauusd trade orders can be set. These MetaTrader 4 connection bars should always be green when one logged into their MT4 practice account or MT4 live account.

These MetaTrader 4 software main areas form the MetaTrader 4 platform interface and will be the main areas to be covered in detail in the next learn MT4 guides. For now it's best to download MetaTrader 4 software software and familiarize yourself with the MetaTrader 4 software interface.

Why Gold Software is Required for Placing Trading Transactions with XAUUSD Brokers

XAUUSD platform is the software that is used to access the xauusd market and analyze these market movements using xauusd charts and xauusd technical analysis tools. There are various reasons why a trader requires to use a good xauusd platform. A good xauusd software can ascertain if a as a trader you make a profit or not.

So why does a trader need a good XAUUSD Trading Platform:

To connect to the XAUUSD Broker Trading Server:

To place a xauusd trade order a trader needs to use a xauusd software which will connect to the trading servers of their xauusd broker & this will allow them to open & close xauusd trade orders. Good xauusd trading platforms will connect with ease to the brokers' servers & allow xauusd traders to place xauusd orders at any time from their computer.

To analyze xauusd charts & currencies using xauusd trading technical analysis tools

To place a buy or sell xauusd order a trader needs to first analyze the direction of a quote using xauusd charts. This is why all good xauusd trading platforms provide xauusd trading technical tools such as xauusd price charts, xauusd indicators & various different chart timeframes from which trader can analyze xauusd price moves using the xauusd chart time frames of their choice.

From the above xauusd trading platform interface, the summary of all data required by a trader is provided on this MetaTrader 4 platform interface

• Connection - connection to the broker servers
• Charts - price graphs that display xauusd prices
• Tool bars - tool-bars to add tools & technical analysis indicators on xauusd charts
• Market Watch - for displaying available instruments in MetaTrader 4
• Data window - provides MetaTrader 4 account data & other indicator data
• Exchange rates - shows current market price of a trading symbol
• Menu bar - Shows all menu items in MetaTrader 4 platform