Learn How to Use MetaTrader 4 Gold Platform Guide
How Do I Use MetaTrader 4 Learn XAUUSD Trading Platform Tutorial?
To start gold trading with the MT4 software, you need to follow the steps listed below:
Download MT4 XAUUSD Trading Platform
Setup MT4 Gold Platform on Your PC. Open a xauusd trading account in MT4 software. Log in to MT4 Gold Trading Account with your xauusd trading account sign in details Open Gold Charts and place Gold Trades using MetaTrader 4 Platform.
Trading XAUUSD Open a MetaTrader 4 XAUUSD Trading Account
After you Download MT4 Gold Trading Platform from your gold broker you will then need to open a MT4 Gold Trading Account to trade with.
Trading XAUUSD Open a Demo Account using MetaTrader 4 XAUUSD Trading Platform
- Download MT4 Gold Platform - MetaTrader 4 Platform.
- Install MT4 Platform.
- Open MT4 Platform.
- Enter the Log in Details: Account Name & Password for the Demo Trade Account
- Open Gold Charts & start practice trading.
- If you do not have a gold demo account you can register for a demo trade account using File menu, Click New Demo Account Registration and enter your details and sign up for an MetaTrader 4 xauusd trading account.
Trading XAUUSD Open a Real Trading Account on MetaTrader 4
- Download MT4 Gold Trading Platform
- Setup MT4 Gold Platform on your PC Computer.
- Open MT4 Gold Platform on your PC Computer.
- Click on the File Menu and Choose Open an Account.
- Choose The Real Trading Account Option.
- Fill in the real gold trading account opening form.
- Enter you xauusd trading account sign in credentials for the Demo practice account.
- Trade Gold from the free MetaTrader 4 gold charts provided.
Trading Gold Start Trading in MT4
The following screenshot below shows the main MT4 software interface. As a beginner trying to learn how to execute gold orders in the online gold market, the main tool for trading the online gold market is the MT4 software software. This is the software which you will connect to your online gold broker and execute gold trade transactions & monitor your gold trading account balance from this MT4 software software.
The MT4 platform is provided for free through the various XAUUSD broker web sites. This MT4 software looks like the xauusd example illustrated & explained below:
How to Use MetaTrader 4 Gold Software
Main Areas of this MetaTrader 4 platform as illustrated above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator Window
- Market Watch Window
- Terminal Window
- Connection Bars
For this MetaTrader 4 guide we shall look at a brief introduction for each of these how to use MT4 tutorials:
1. Navigation Menus
The navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These are the main navigation menus which can be used to navigate the MT4 platform. As a gold beginner you can start by just clicking on 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 described in details in the next MT4 tutorial for beginners about navigation menus.
2. Tool-Bars
This how to trade in MT4 explains the tool bars are used to manipulate trading charts, either by placing indicators, line studies, change gold chart time frames and load an MetaTrader 4 template from a list of saved templates.
These MT4 gold tool bars will be discussed on other how to use MT4 gold tutorials which will outline each button on this tool bar and how to add and customize these toolbars.
3. Chart Window Panel
This is the main area where gold charts are displayed and a trader can interpret the market trend direction of a gold chart whether up or down, place MetaTrader 4 indicators on MT4 gold charts for technical analysis & even place orders from these xauusd charts.
4. Navigator
Navigator MetaTrader 4 tutorial will contain information about xauusd accounts, whether practice MT4 gold trading account or real MetaTrader 4 xauusd trading account, this window will also have list of all the MetaTrader 4 indicators as well as Expert-Advisors & scripts.
A trader can select which Gold account to login to by expanding the Accounts menu, choose an technical indicator by expanding the technical indicator menu or choose an EA by expanding the Expert Advisor menu.
5. Market Watch
Market watch xauusd MetaTrader 4 tutorial - Market watch is used to show streaming quotes for instruments. This window can list as many quotes provided by your XAUUSD broker or a few that are selected by a trader. To save inter-net bandwidth, right click inside the xauusd market watch window and choose "Hide All", so as to hide the trading instruments that you're not trading and save on inter-net bandwidth.
6. Terminal
This is the panel that is 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 trading equity, gold margin used also retrieve a copy of all your gold trading transactions history.
This will also list all open gold trade transactions & calculate all the profit & loss in realtime as a xauusd price move up or down.
7. Connection Bar
Red bars are for no connectivity, green bars show that there's connectivity to the servers & gold trade orders can be set. These connection bars should always be green when one is logged into their MetaTrader 4 practice gold account or MT4 live xauusd trading account.
These main areas form the MT4 Gold Trading Platform interface & will be the main areas to be covered in detail in the next learn MT4 platform tutorials. For now it is best to download MT4 platform & familiarize yourself with the software interface.
Why Gold Software is Required for Placing XAUUSD Quote Trade trades with Brokers
Gold platform is software that is used to access the xauusd market & 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 software can determine if a as a trader you make profit or not.
So why does a trader need a good XAUUSD Trading Software:
To connect to the Trading Server:
To place order one needs to use a gold software which will connect to the trading servers of their broker & allow them to open & close trade orders. Good gold trading platforms will connect with ease to the brokers' servers & allow xauusd traders to place orders at any time from computer.
To analyze xauusd charts using technical analysis
To place a buy or sell gold order a trader needs to first analyze the direction of a gold. This is why all good gold platforms provide technical gold trading tools such as xauusd price charts, indicators & various different chart time-frames from which a trader can analyze xauusd price moves using the chart timeframes of their choice.
Interpret & Use MT4 Learn Gold Platform Tutorial?
From above MetaTrader 4 platform inter-face, the summary of all information required by a trader is provided on this MetaTrader 4 platform interface
- Connection - connection to the broker servers
- Charts - price graphs which display xauusd prices
- Tool bars - toolbars 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 MetaTrader 4 Platform Tutorial - Gold Account MT4 Download
How to Use MetaTrader 4 Gold Platform - Learn MetaTrader 4 Gold Trading Guides - the MT4 Gold Software Setup Guide
