Trade Gold Trading

How Do You Use XAUUSD MT5 Learn Platform Guide?

How Do I Use MT5 Learn Platform Guide?

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

Account MT5 Download

Setup MT5 Software on Your PC. Open a account on the MT5 platform. Log in to the MT5 Account with your account sign in authorization credentials Open Charts and place Gold Trades using the MT5 Trading Platform.

Account MT5 Download

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

Trading Gold Register a Demo Trading Account using MT5 Platform Software

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

Trading XAUUSD Open a Real Account in MT5

  1. Download MT5 Platform Software
  2. Setup MT5 Platform on your PC Computer.
  3. Open the MT5 Platform on your PC Computer.
  4. Click the File Menu & Choose Open an Trading Account.
  5. Select The Real Account Option.
  6. Fill in the live account opening form.
  7. Enter you account login details for the Demo practice trade account.
  8. Trade Gold from the free MT5 charts provided.

MT5 Software Introduction Guide

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

The MT5 software software is provided for free through the different broker sites. This MT5 looks like the example shown and described below:

How to Use MT5 Learn Platform Course - How Do You Use MT5 Learn Platform Software Guide?

How Do I Use XAUUSD MT5 Learn Platform Software Guide?

Main Areas of this MT5 as shown above are:

  1. Navigation Menus
  2. Tool Bars
  3. Chart Window
  4. Navigator Window
  5. MarketWatch 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 navigating menus are:

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

These are main navigation menus which can be used to navigate MetaTrader 5 platform. As a beginner you can begin by just pressing any of the navigating menus to familiarize yourself with different buttons which are arranged as submenus within the navigating 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 charts, either by placing indicators, line studies, change chart timeframes & load an MT5 template from a list of saved templates.

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

3. Chart Window

This is the main workspace area where charts are portrayed and one can analyze the trend direction of a chart whether upwards or downward, place MT5 indicators on MT5 charts for trading analysis and even place orders from these trading charts.

4. Navigator

Navigator MT5 guide will contain info about accounts, whether demo MT5 account or real MT5 account, this window also will have a listing of all the MT5 technical indicators as well as Expert Advisors and scripts.

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

5. Market Watch

Market watch MT5 guide - Market watch window panel is used to show streaming quotes for trading instruments. This window can list as many quotes provided for by your broker or a couple of that are chosen by a gold trader. To save internet band-width, right-click inside the market watch panel and select 'Hide All', to hide the instruments that you're not trading and save on internet bandwidth.

6. Terminal

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

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

7. Connectivity Bar

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

These main levels form the MT5 Platform Software interface & will be the main levels to be covered in detail in the next learn MT5 software guides. For now it is best to download MT5 software & accustom yourself with the software inter-face.

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

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

So why does a gold trader need a good platform:

To connect to Trading Server:

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

To analyze charts using trading analysis

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

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

Interpret & Use MT5 Learn Platform Software Guide?

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

  • Connection - connectivity to the broker servers
  • Charts - price graphs which show prices
  • Tool-Bars - tool bars to add trading analysis tools and technical analysis indicators
  • MarketWatch - for displaying available financial instruments
  • Data window - provides account data & other indicator data
  • Exchange rates - shows ruling market price of a instrument
  • Menu bar - Shows all menu items on the trading softwares

How Do I Use XAUUSD MT5 Platform Guide - Account MT5 Download

How Do I Use Gold MT5 Learn Platform Guide

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