Introduction to MT4 Software Platform Interface

The following screen shot below displays the main MT4 software interface. As a beginner trying to learn how to execute orders in the online trading market, the main tool for transacting the market is the MT4 software software. This MetaTrader 4 software is the software which you'll connect to your online broker with and execute trade positions and monitor your trading account balance from this MT4 software.

The MetaTrader 4 software is offered for free through the different xauusd broker websites. This MetaTrader 4 software resembles the example illustrated and explained below:

Main Areas of this MT4 software like illustrated above are:

1. MT4 Navigation Menus
2. Toolbars
3. MetaTrader 4 Chart Window
4. MetaTrader 4 Navigator Window
5. MT4 Market Watch WindowPanel
6. MT4 Terminal
7. MetaTrader 4 Connection Bars

For this MetaTrader 4 course we shall look at a brief introduction explanation for each of these learn gold MT4:

1. Navigation Menus

The MT4 navigation menus are:

1. File Menu
2. View Menu
3. Insert Menu
4. Charts Menu
5. Tools Menu
6. Window Menu
7. Help Menu

These are the main MT4 navigating menus which can be used to navigate the MetaTrader 4. As a beginner trader you as a trader can begin by pressing any of these MetaTrader 4 navigation menus in order to familiarize yourself with the various MT4 buttons which are arranged as MT4 sub menus within these MetaTrader 4 navigation menus.

These MetaTrader 4 navigating menus will be explained and covered and discussed on details & particulars in the next MT4 tutorials about navigation menus.

2. ToolBars

The MetaTrader 4 tool-bars are used to manipulate MetaTrader 4 charts, either by placing MetaTrader 4 indicators, MetaTrader 4 line studies, change MetaTrader 4 gold chart timeframes and load MT4 template from a list of saved MT4 templates.

These MetaTrader 4 tool-bars will be discussed on other MetaTrader 4 tutorials that will explain each MT4 button on this MT4 tool bar and how to add and customize these MetaTrader 4 tool-bars.

3. Chart Panel

This MT4 chart window panel is the main area where MT4 xauusd charts are displayed & one can analyze & interpret the trend direction of a MT4 chart whether upward/downward, place MetaTrader 4 chart trading indicators for trading analysis & even place and open trade orders from these MetaTrader 4 gold charts.

4. Navigator

MetaTrader 4 Navigator will contain data about MT4 accounts, whether demo or real, this MT4 panel window will also have a listing of all MT4 indicators and also MT4 Expert-Advisors & scripts.

A trader can choose and select which MT4 gold account to sign in by expanding the Trade Accounts menu, choose and select a MT4 technical indicator by expanding the MetaTrader 4 indicator menu or choose an MT4 Expert Advisor by expanding the EA menu.

5. MarketWatch

MT4 Market Watch panel window is used to display realtime price quotes for MetaTrader 4 gold instruments. This can list as many symbols offered by your MetaTrader 4 online broker or few chosen by a xauusd gold trader. To save internet band-width, right-click inside the MetaTrader 4 market watch window and select "Hide All", in order to hide the MetaTrader 4 symbols that you as a trader aren't trading on this MetaTrader 4 software & save on internet bandwidth.

6. Terminal

This is MT4 panel that is like the bank trading account trade area for your MT4 trades, on this MetaTrader 4 panel you as a trader can view your trading account balance, profit and losses statement, equity, margin used and also retrieve a copy of all your MetaTrader 4 trades history.

This MT4 panel also will list all open trade positions & calculate all the profit & loss in real time as a charts move upwards/downwards.

7. Connectivity Bar

MT4 connection bars - Red bars are for no connection, green bars show that there's connection to the servers and MT4 orders can be set. These MetaTrader 4 connection bars should always be green color when a trader is logged in to their MetaTrader 4 demo practice trading account or MetaTrader 4 live account.

These MetaTrader 4 software main levels form the MetaTrader 4 software interface and will be the main levels to be discussed and discussed on detail in the next learn MT4 tutorials. For now it's best to download MT4 platform & familiarize yourself with the MetaTrader 4 software inter-face.

Why Platform is Required for Opening XAUUSD Transactions with Trading Brokers

Gold platform is software which's used to access the market and analyze and interpret these price moves using charts and xauusd analysis tools. There are different reasons why a trader requires to use a good software. A good gold software can determine if a as a xauusd gold trader you make profit or not.

So why does a gold trader need a good platform:

To connect to the Online Broker Server:

To place an order a trader needs to use a platform that will connect to the trading servers of their broker and this will allow them to open and close trade orders. Good platform softwares will connect with ease to the online brokers' servers and allow traders to place and open trade orders at any time from computer.

To analyze & interpret the charts using technical analysis tools

To open/execute a buy or sell order a trader first needs to analyze the direction of gold using charts. This is why all good softwares provide traders with technical tools like price charts, indicators and various different timeframe from which one can analyze and interpret the price movements using the time frames of their choice.

From the above platform inter-face, the summary of all information required by a trader is provided on this MetaTrader 4 software inter-face

• Connection - connection to the broker servers
• Charts - price graphs which show prices
• Toolbars - toolbars to add tools and analysis trading indicators on charts
• MarketWatch - for displaying the available instruments on MT4 Software Platform
• Data window - provides MetaTrader 4 account data and other indicator data
• Exchange rates - shows ruling market price on a chart
• Menu bar - Shows all menu items in the MT4

Get More Topics:

• XAU USD MA Strategy XAUUSD Technical Indicator Analysis
• XAU/USD Introduction
• XAU/USD Login in to MT5 XAU USD Account
• Types of Gold Methods & Gold Strategy Methods
• Technical XAUUSD Indicators Used for Setting Stop Loss Orders
• How Do I Sign in on MetaTrader 5 XAU USD Real XAUUSD Account?
• About XAU/USD
• What Happens When Your Free Gold Margin Runs Out?
• Acceleration Deceleration Trading Indicator Strategy Guide
• XAU USD Indicators That Are Used To Analyze/Interpret The Market