Trade Gold Trading

How Do I Use XAUUSD MT5 Learn Gold Platform Guide?

How Do I Use MT5 Learn XAUUSD Platform Tutorial?

To start gold trading with MetaTrader 5 software, you need to follow the steps listed below:

Gold Account MT5 Download

Setup MT5 Gold Platform on Your PC. Open a xauusd trading account on the MT5 platform. Log in to the MT5 XAUUSD Account with your xauusd trading account login credentials Open XAUUSD Charts and place Gold Trades using the MT5 Platform.

XAUUSD Account MT5 Download

After you Download MT5 Gold Trading Platform from your gold broker you will then need to open a MetaTrader 5 Gold Account to trade with.

Trading XAUUSD Open a Demo Account using MT5 XAUUSD Trading Platform

  1. Download MetaTrader 5 Gold Software - MT5 Platform.
  2. Install MetaTrader 5 Platform.
  3. Open the MT5 Platform.
  4. Enter the Log in Details: Account Name & Password for the Demo Trade Account
  5. Open XAUUSD Charts & begin practice trading.
  6. If you do not have a gold demo account you can register for a demo trade account using File menu, Click New Practice Account Registration and enter your details and sign up for an MT5 xauusd trading account.

Trading XAUUSD Open a Real Account in MT5

  1. Download MT5 Gold Trading Platform
  2. Setup MT5 Gold Trading Platform on your PC Computer.
  3. Open the MT5 Gold Trading Platform on your PC Computer.
  4. Click on the File Menu and Select Open an Account.
  5. Select The Real Trading Account Option.
  6. Fill in the real gold trading account opening form.
  7. Enter you xauusd account sign in credentials for the Demo practice account.
  8. Trade Gold from the free MT5 gold charts provided.

MT5 Gold Platform Introduction Guide

The following screen shot below shows the main MT5 platform inter-face. As a beginner trader trying to learn how to execute gold orders in the online gold market, the main tool for trading the online gold market is the MetaTrader 5 software software. This is the software that you will connect to your online gold broker and execute gold trade transactions & monitor your gold trading account balance from this MT5 platform software.

The MT5 platform is provided for free through the various XAUUSD broker websites. This MetaTrader 5 platform looks like the xauusd trading example illustrated and explained below:

How to Use MT5 Learn Gold Platform Guide - How Do You Use MT5 Learn Gold Platform Guide?

How Do You Use XAUUSD MT5 Learn Gold Platform Tutorial?

Main Areas of this MetaTrader 5 software as illustrated above are:

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

For this MetaTrader 5 tutorial we shall look at a brief introduction for each of these how to use MetaTrader 5 tutorials:

1. Navigation Menus

The navigation menus are:

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

These are main navigation menus which can be used to navigate MetaTrader 5 platform. As a gold beginner trader you can begin by just clicking any of these navigation menus to familiarize yourself with various buttons that are arranged as sub-menus within these navigation menus.

These navigation menus will be discussed & explained in details in the next MetaTrader 5 guide for gold novice traders about navigation menus.

2. Tool-Bars

This how to trade on MT5 explains the tool bars are used to manipulate trading charts, either by placing indicators, line studies, change gold chart time frames and load an MT5 template from a list of saved templates.

These MT5 gold tool bars will be discussed on other how to use MT5 gold guides which will outline each button on this tool-bar & how to add and customize these tool-bars.

3. Chart Window Panel

This is the main area where gold charts are displayed and a trader can analyze the trend direction of a gold chart whether up or down, place MT5 indicators on MT5 gold charts for technical analysis and even place orders from these xauusd trading charts.

4. Navigator

Navigator MT5 tutorial will contain information about gold accounts, whether demo MT5 gold trading account or real MT5 gold account, this window will also have a list of all the MT5 indicators as well as Expert-Advisors & scripts.

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

5. Market Watch

Market watch MT5 gold tutorial - Market watch is used to show streaming quotes for trading instruments. This window can list as many quotes provided by your XAUUSD broker or a few that are selected by a trader. To save internet bandwidth, right click inside the xauusd market watch window panel & select 'Hide All', so as to hide the trading instruments that you are not trading & save on internet bandwidth.

6. Terminal

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

This will also list all open gold trade transactions & calculate all the profit & loss in realtime as the xauusd price move up or down.

7. Connection Bar

Red bars are for no connectivity, green bars show that there is connectivity to the servers & gold trade orders can be set. These connection bars should always be green when one is logged into their MT5 demo gold account or MetaTrader 5 live xauusd trading account.

These main areas form the MT5 Gold Platform interface & will be the main areas to be covered in detail in the next learn MT5 platform tutorials. For now it is best to download MT5 platform and familiarize yourself with the software interface.

Why XAUUSD Software is Required for Placing Gold Symbol Trade trade transactions with Brokers

Gold software is software that is used to access the gold market and analyze xauusd price movement using technical analysis gold charts. There are various reasons why a trader requires to use a good gold platform. A good gold platform can determine if a as a trader you make a profit or not.

So why does a trader need a good Gold platform:

To connect to the Trading Server:

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

To analyze xauusd charts using technical analysis

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

How to Use MT5 Learn XAUUSD Platform Guide - How to Use MT5 Learn Gold Platform Guide

Interpret & Use MT5 Learn Gold Platform Tutorial?

From above MetaTrader 5 platform interface, the summary of all data required by a trader is provided on this MetaTrader 5 software interface

  • Connection - connectivity to the broker servers
  • Charts - price graphs which display xauusd prices
  • Toolbars - tool bars to add technical analysis tools & technical analysis technical indicators
  • Market Watch - for displaying available trading instruments
  • Data window - provides account data & other indicator data
  • Exchange rates - shows current market xauusd price of a xauusd trading instrument
  • Menu bar - Shows all menu items on the platforms

How Do You Use XAUUSD MT5 Platform Tutorial - Gold Account MT5 Download

How Do You Use Gold MT5 Learn Gold Platform Guide

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