MT5 Gold Trading Software
MT5 platform is the trading software you install on your computer. For this learn gold course we shall refer to MetaTrader 5 or MT5, because it's the easiest platform software to learn with and the most widely used.
MetaTrader 5 also requires little internet bandwidth, that way even if you do not have a super high speed internet connection you can use MetaTrader 5 without any problem. You will need to register first with a broker before you can download the MT5 software.
How to Trade XAUUSD in the MT5 Platform - MT5 Gold Software
How to Trade XAUUSD in the MT5 - Learn to Trade Online Market with MT5 Gold Trading Software
- Demo Account - How to Trade Gold in MT5 Software Platform
MT5 demo account is a free practice account provided for new traders online traders, otherwise known as a demo trade account which you practice trading with, the funds are virtual, not real money. No one uses real money to begin with, all beginner traders use the demo account to practice trading with before investing and depositing real/live money to trade with. The MT5 demo practice account is designed to provide free Gold Trading training practice while studying how to trade the online trading market.
You will need to register with an broker before you as a trader can obtain this free practice trading account. After you signup and register you will then receive log on details and particulars for your MetaTrader 5 demo practice account. You will then use these account sign in and login details & particulars to login and sign in to your MetaTrader 5 practice account & start practicing with.
Setting Up MetaTrader 5 Trading Software
After you have gotten MT5 account details you will then install the MetaTrader 5 software platform on your computer. If you've never installed any software before go to folder where you've downloaded the MT5 software (don't know where that is, Press both Ctrl and J i.e. CTRL+J Keys on your key board, your Meta Trader Five download will then appear), double click the download platform software file and then click next, next until you finish.
After you have installed MT5 software you will then open the trading platform from the start menu of your Desktop computer. After you've opened the MT5 software platform you will see the trading interface you'll be working with and it may & might seem complex at first but it's not. The MetaTrader 5 courses will be explained under the learn tutorials section where you'll get a detailed explanation of how to use this MT5 software in just one hours time.
At 'top left corner' of MT5 software click the 'File' Menu, a drop-down menu pops and shows up, scroll to where you see 'Login ' and click it. You will then be prompted to enter the 'username' and 'password' that you got when you signed up on your broker's web site.' You are now signed in to your MT5 software & you're ready to start and begin trading.
After this you will see your account balance shown just below the trading charts and you can now start and begin using the MT5 to place practice trade positions on the market.
Learn More Lessons & Courses:
- How Do You Trade Fib Retracement Levels in MetaTrader 4 Software/Platform?
- What's Upwards XAUUSD Trend and Downward Trend Examples in Gold Trading?
- Gold Place XAUUSD Quote in MT4 Android App Platform
- Best Linear Weighted MA for 1H XAUUSD Chart
- How Do You Make a XAUUSD Plan?
- Gold Support and Resistance Levels Analysis
- Introduction To Gold
- How to Set a XAU USD Symbol on MetaTrader 5 Software Platform
