Trade Gold Trading

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Getting Started With MT4 Gold Trading Platform

The following tutorials explain how to use the MT4 xauusd trading platform, each tutorial is accompanied by numerous screen shots so as to help traders to understand the concepts explained and make it easier to learn about this online gold trading platform.


Introduction



File




View



Insert



Charts



Tools



Window Menu




Help Menu




Tool Bars



Advanced Topics





Broker


How To Place Gold Indicators




The MetaTrader 4 is part of the online xauusd market. The MT4 software is installed on a client's computer.


The screenshot below shows the user interface of the MetaTrader 4.

MetaTrader 4 Tools and Charts

MetaTrader 4 xauusd trading platform Workspace



According to gold trading platforms reviews, MT4 is the most widely used gold trading platform. This is because it is easy to learn and can do the following tasks.


The MT4 gold trading software is installed on a gold trader's computer and it is intended to do the following:


  • Plot graphical Information about exchange rates in the form of a grid/chart

  • Receive streaming exchange quotes from the gold brokers

  • Perform gold trading transaction operations: buying and selling

  • Show the open gold trading transactions and orders within the gold trading platform workspace

  • Perform technical analysis

  • Testing of strategies on practice demo xauusd trading accounts

  • Programming of custom indicators and Expert Advisors for the purpose of automated gold trading.

  • Provide statements of transaction history and a summary of profits/losses.




This is a free gold trading software that is provided for by online gold brokers. You can download the platform from online brokers websites, once you download it, you should then install the platform on a computer that has an internet connection and then connect to your xauusd trading broker and start receiving streaming quotes.


The MT4 online gold trading platform which is also known as MetaTrader 4, is designed to provide technical tools that can be used by Gold traders to make buy or sell decisions. This gold trading platform provides online exchange quotes and streaming data about xauusd price movement drawn in the form of xauusd price charts. This information is delivered directly to the MT4 xauusd trading platform interface. This information that is delivered in the form of real time quotes is then analyzed using the technical tools provided for within this online trading platform.


The MT4 has different windows and chart panels, each designed to deliver a different type of market information, starting with the exchange rate quotes used to draw gold trading graphs to the xauusd market data window, tool bars for attaching technical indicators and the main menu bar used to navigate the platform.

 

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