How Do I Use MT5 Platform?
Introduction to MT5
MetaTrader 5 software is the software you install on your PC computer. For this learn xauusd trading tutorial we shall refer to MT5 or MetaTrader 5, because it is the easiest xauusd platform software to learn with & the most widely used.
MetaTrader 5 also requires very little inter net bandwidth, that way even if you do not have a super fast inter net connectivity you can use MetaTrader 5 without any problem. You will need to register first with a broker before you can download MT5 platform.
How to Trade XAUUSD on MetaTrader 5 Platform - MT5 XAUUSD Software
How to Trade Gold on MT5 Software - Learn to Trade Online XAUUSD Market with MT5 Software
- Demo Account How to Trade XAUUSD on MetaTrader 5
MT5 demo trading account is a free practice account provided for beginners online xauusd traders, otherwise known as a practice account that you practice with, the cash is virtual, not real money. No one uses real money to begin with, all novice traders use the practice account to practice with before investing and depositing real money to trade with. The MT5 xauusd demo account is meant to provide free XAUUSD training practice while learning how to trade the online xauusd market.
You'll need to sign up with an online xauusd broker before you can get this free practice account. After you signup and register you will then receive sign in details for your MT5 practice account. You will then use these xauusd account sign in credentials to login to your xauusd MT5 demo account & begin practicing with.
How to Trade XAUUSD on MetaTrader 5 Platform
After you have gotten the MT5 xauusd account details you will then install the MetaTrader 5 software on your PC computer. If you have never installed any software before go to folder where you downloaded the xauusd MT5 platform (don't know where that is, just Press both Ctrl & J i.e. CTRL+J or (CTRL+Y) Keys on your keyboard, and your MT5 download will appear), double-click the download platform software file & then click next, next until you finish.
After you have installed MT5 software you will then open the software from the start menu of your PC computer. After you have opened the MetaTrader 5 platform you'll see the trading interface you'll be working with and it may seem complicated at first but it is not. The MetaTrader 5 platform guides will be explained under the learn tutorials section where you will get a detailed explanation of how to use this MT5 platform in just one hours time.
At the 'top left corner' of the MT5 software click on the 'File' Menu, a drop down menu appears, scroll to where you see 'Login' and click it. You will then be asked to enter the 'username' and 'password' that you got when you registered on your broker's site.' You are now logged in to your xauusd MT5 platform & you are ready to begin xauusd trading.
After this you will see your xauusd trading account balance displayed just below the xauusd charts & you as a trader can use now begin using the MT5 to place practice trades on the XAUUSD trading market.
