Introduction to MetaTrader 4 Software Platform Interface

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

Main Areas of this MT4 software like illustrated above are:

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

For this MetaTrader 4 guide 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 MetaTrader 4 navigating menus that can be used to navigate the MetaTrader 4. As a beginner trader you as a trader can start 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 in details & particulars in the next MT4 guides about navigation menus.

2. ToolBars

The MetaTrader 4 toolbars are used to manipulate MetaTrader 4 charts, either by placing MetaTrader 4 trading indicators, MT4 line studies, change MetaTrader 4 xauusd 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 outline each MetaTrader 4 button on this MT4 tool bar and how to add and customize these MetaTrader 4 tool bars.

3. Chart Window Panel

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

4. Navigator

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

A trader can choose which MetaTrader 4 xauusd account to sign in by expanding the Trade Accounts menu, choose a MetaTrader 4 indicator by expanding the MetaTrader 4 indicator menu or choose an MetaTrader 4 Gold Expert-Advisor by expanding the Expert-Advisor 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 bandwidth, rightclick 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 inter-net 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 account balance, profit & losses statement, equity, margin used and also retrieve a copy of all your MetaTrader 4 trade transactions 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

MetaTrader 4 connection bars - Red bars are for no connection, green bars show that there's connection to the servers and MT4 trading 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 real account.

These MetaTrader 4 software main levels form the MT4 platform interface and will be the main levels to be covered and discussed in detail in the next learn MetaTrader 4 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 these price moves using charts and xauusd analysis tools. There are different reasons why a trader requires to use a good platform. 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 trading platform that will connect to the trading servers of their broker and this will allow them to open & close trade orders. Good trading platforms will connect with ease to the 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 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 such as and like price charts, indicators and various different timeframe from which a trader can analyze 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 **howdisplay prices
• ToolBars - tool-bars to add tools and trading analysis trading indicators on charts
• Market Watch - for displaying available instruments on MetaTrader 4
• Data panel - provides MetaTrader 4 account data & other indicator data
• Exchange rates - shows ruling market price on a trading chart
• Menu bar - Shows all menu items on MT4

Get More Topics:

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