Trade Gold Trading

New Gold Trader Wanting to Start Gold Trading

Let us you are a new trader wanting to start gold but you don't know what is gold trading or even how to trade. Well this tutorial will get you started explaining what you need to do before starting trading and tell you one or two things about how to xauusd trade.

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

  1. Demo Trading 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.

Demo Practice Trading Account

The first time as trader you start doing some research about gold, you will 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 account & the process of setting up this gold practice account will be confusing.

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

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

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

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

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

XAUUSD 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 window panel & click key-board short cut key CTRL+J, this will bring a pop-up window of the download folder)
  2. Double Click the setup package of the trading 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 can go to "Start menu" bottom left corner of your comp & form 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 trading software
  5. A dropdown menu will appear, from the 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 & you will have gotten an E-Mail from the broker where you can refer the username and password details.
  8. After you have 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 display xauusd prices that you will be trading. You also can right click on any xauusd price feed for example any MetaTrader 4 symbol to open a display of a chart like the one above, the chart you will open, press open Chart.

The Data window will show data about you logged in xauusd account, & data of technical indicators as shown in the above screenshot image.

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

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

To learn the complete gold trading MT4 platform tutorial go to MT4 Guide & 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 position using the window 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 cannot 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 trading Account Types

15.trade Practice Trading Accounts/ Practice Trading

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

More Topics & Tutorials:

Forex Traders Seminar Gala

Forex Traders Seminar

Gold Broker