Trade Gold Trading

New Gold Trader Wanting to Start Gold Trading

Let's say you're a new trader who wants to start gold but you don't know what is gold trading or even how to trade. Well this tutorial will get you begun illustrating what you need to do before beginning trading and tell you one or 2 things about how to gold trade.

first thing you need to know when it comes to how to trade are:

  1. Demo Trade Account
  2. Trading Software
  3. Setting Up Trading Guides

By following these three steps then setting up how to trade becomes easy for you as a beginner trader.

Demo Practice Trade Account

The first time as trader you start doing some research about gold, you'll be so confused as gold trader that you do not even know where to start or what to start with, even getting a demo xauusd/gold account & the process of setting up this gold practice account will be confusing.

So to setup a practice gold account you will need to just follow these steps:

Step1: Find a good gold broker - demo gold trading accounts are provided by online brokers

Step2: Go to this broker & search for the link "Open demo account" or "Open Gold Practice Account"

Step3: Once you as a trader click this type of link, you will then arrive at a page where the broker will ask you to fill your details & particulars so as to sign up for the demo account, The details & particulars are your name, phone contact & email and country.

Step4: Once you as a trader fill your details & particulars on this form click the sign up button, once you finish this registration your gold broker then will give you a "username" for the account you have registered and a "password" for the account. Along with this a broker also will provide a link where you as a trader can download their software. Click the link and download the software.

XAU/USD Software

For this step you'll then install the trading platform you have just downloaded.

To install xauusd software

  1. Go to download folder(to navigate to download folder, maximize the firefox web-browser panel window & click keyboard short cut key CTRL+J, this will bring a popup window of the download folder)
  2. Double Click the setup package of the platform you have just downloaded.
  3. Follow the instruction by clicking "accept" and then click "next", "next"…. Until you get to "finish" button, then click finish button key and your setup is complete.

To Open the Gold trade platform

  1. Go to desktop & look for the short cut Icon for the Gold platform, it should have the name or logo of the broker. Or you as a trader can go to "Start menu" bottom left corner of your computer & from the programs menu look for the name of the trading platform.
  2. Once you Open the trading software, then you need to login to your software:
  3. To Log in
  4. Navigate to "File" at the top left corner of the software
  5. A drop down menu will appear, from the choice/option look for "login" click it
  6. A Username & Password Sign in panel pops up, Input your password and username you got when you signed up with your xauusd broker.
  7. If you forget your username & password, open your email account that you signed up with and you will have received an EMail from the broker where you as a trader can refer the user name and password authorization logon details.
  8. After you've logged in to your trading account, now you are ready to learn how to trade & how to place trades using these gold software.

How Do I Trade with the Software

So as a beginner trader it may seem complex but let us just look at some pointers on how to trade this gold software.

The first windows are market watch this is simple straight forward window that show xauusd gold prices that you will be trading. You also can right-click on any xauusd gold price feed for example any MetaTrader 4 symbol to open a display of a chart like the one above, the chart you'll open, press open Chart.

The Data window will show data about you logged in xauusd account, & data of indicators just as is shown in the above screen shot image.

The terminal will show account balance & all open trade, to expand this window, hover the mouse until the cursor changes, then click and hold down mouse button key and move the mouse up.

Then there is the menu bars, example File, View…. If e.g. you as a trader want to hide the market-watch window, click view & uncheck/untick the market-watch window, the market-watch panel window will disappear. To make it appear again click view again, then check/tick market-watch panel window, it will reappear. Each button on this menu is self explanatory for example charts button is a button that manipulates the charts opened, changes timeframe, generally all about charts.

To learn the complete gold MT4 software tutorial go to MetaTrader 4 Tutorial & About Gold Softwares.

By now you already know how to trade & can even place a buy or sell trade on the platform by right clicking anywhere on the chart window above, then click trading, then open a new buy/sell trade using the panel that appears.

But because you don't know when a trader buys or sells a trading instrument, and because you don't know how to trade with market orders, you need to learn just a few beginners gold tutorials to complete these how to trade tutorial, & because these tutorial can't fit on this page here are the links to these how to trade guides:

Putting Up Tutorials

1.How to Begin Gold trade for Beginners an Online Gold trade Tutorial

3.Online Gold trade Guides & trade Education

4.Best Gold trade Tutorials & trade Training Made Easy

9.Benefits of Spot Gold trade

12.Trading Long and Short

13.Best Gold trade Platforms/ Best Gold trade Software

14.Live Gold Account Types

15.trade Practice Trade Accounts/ Practice Trade

16.How to Trade Gold/ trade How to Trade Gold trade

More Topics & Tutorials:

Forex Traders Seminar Gala

Forex Traders Seminar

Gold Broker