Steps on How to Set a Gold Trade XAUUSD on MT4

XAUUSD Trading Instrument XAUUSD Trade Setup Tutorial for Beginner Traders

To setup a buy or sell gold trade on MT4 after learning what are instruments and choosing which are the best instruments to trade follow steps listed on this lesson.

Steps to Setup a Gold Trade

1. Open MT4 platform
2. Open MetaTrader 4 Market Watch Window shown below
3. Select the Trading Instrument you want to trade
4. Open the Gold Trade order and select "Buy" order or "Sell" order as shown below depending on what type of trade order (buy order or sell order) you want to open.

MT4 Market Watch Window

All the gold trading instruments symbols available on the MT4 platform will be shown the same way as the xauusd trading example illustrated and explained below:

List of all Available Trading Instruments Trade Symbols Shown on the MT4 Platform

Opening Buy or Sell Order using Trade Order Window on MT4

MetaTrader 4 software is the software that is provided by a broker to help gold traders place their gold trade transactions.

Once you download and installs this MT4 software on your computer you can then begin to trade in the online gold market. All gold trade trade transactions are executed through this MetaTrader gold trading platform. If you want to learn a gold trading platform, MT4 Gold Platform is a good platform to start with.

To set these xauusd trade orders, open MT4, open a "xauusd chart", right-click on "xauusd chart", choose 'New Order' and then choose order you want to open - either sell order or buy order as shown below. (MT4 Keyboard Short Cut Keys for MT4 new order panel - Press F9 Key)

Opening Buy or Sell Gold Order using Trade Order Window in MetaTrader 4