XAUUSD ++TradeTrading Platform - MetaTrader 4 Software
The most popular Gold Trading Software is the MT4. MetaTrader 4 is also the most popular software for currency FX trading, stock indices trading, CFDs trading & Oil trading.
MetaTrader 4 software is provided for free by online Gold trading and Forex Trading Brokers. This XAUUSD trading software or Gold trading platform as it is commonly known provides traders with ease access to streaming XAUUSD price quotes from the broker's servers to the trader's computer. Traders can connect to the online XAUUSD trading market through this trading software platform that is provided to them by their broker.
This XAUUSD trading software plots the prices of Gold in the form of charts and graphs commonly known as Gold trading charts & these charts will represent the movement of XAUUSD prices in an easy format that is easy to analyze so as to determine the general trend direction that XAUUSD prices are moving in whether the direction is up or down.
The MT4 software also will provide traders with many technical analysis tools such as technical indicators that they can use to analyze the movement of the Gold prices.
This Gold trading platform plots and display Gold price charts on the computer screen; these charts show the current buy and sell price of Gold metal.
This XAUUSD trading platform also helps traders to keep track of the funds or what is referred to as account equity balance in online trading. The platform will have a trade transaction window that will show the Account balance that the trader has deposited that is available for trading with. This window also will show all the trades that the trader has opened and a trader can close their trades from this MT4 transactions window.
From the Gold trading charts traders can also open & close trades directly from the trading charts.
MT4 Software - Online XAUUSD ++TradeTrading Platform
The easiest XAUUSD trading platform to learn trading Gold with is the MetaTrader 4 software - it is also the easiest to use when trading currencies, stock indices, Oil and CFDs financial instruments online.
Commonly known as MT4 or just MT4, this software can be downloaded free of charge from the online Gold trading broker that provides this trading software to beginner XAUUSD traders as well as the experienced Gold traders trading the Live XAUUSD trading market.
As a beginner, you'll have to start with a demo trading account which is a XAUUSD trading account for practice trading that uses virtual funds meaning that a trader does not have to risk their own money when they start learning how to trade the XAUUSD metal - Gold. After a trader has learned how to trade with the MetaTrader 4 using this demo practice trading account a trader will then open the Real Gold Trading Account commonly known as Live XAUUSD Account then deposit their money as their trading capital and start trading the live XAUUSD trading market for profit.
Learning MT4 XAUUSD ++TradeTrading Software
If you're new to XAUUSD trading platforms all you need to remember is that all computer software uses the same coding rules, programming rules are followed by all programmers, one of the rules used is familiarity.
So in all software take for example your web browser, there is file, edit, view, history, tools & help at the top left side of your browser.
If you compare this with your XAUUSD trading platform, if you're using MetaTrader 4 commonly referred to as MetaTrader 4 there is file, view, insert, charts, tools and help.
MT4 Software Navigation Menu
In the top left corner of MetaTrader 4 platform software, Under "File" menu you can open charts for the currency pair you want or when it comes to trading XAUUSD - you can open the trading chart for Gold or Gold depending on how it will be marked on your trading software, from this file menu you can also open an account, or login to an account and so on.
Under File Menu
Use the "New Chart" button to open a new Gold chartUse the "Open an Account" button to open a practice demo Gold demo accountUse the "Login" button to login to an account
How to Open an Account in MT4 XAUUSD TradeSoftware
Under View Menu
Under view menu you can open the navigator, the navigator is used to view your trading account number details, it is also used to view indicators as well as available Expert Advisors that are used for automated trading. To use any of the indicators just double click on the one you want and click okay. The indicator will automatically be placed on the XAUUSD price chart.
Still under view you can click "terminal" to view open trades. This is the MT4 transaction window where a trader can access information about their trading account balance as well as information about their open trades.
Opening a XAUUSD Trade
To open a Gold trade, right click inside the chart, you can open the XAUUSD chart from the File menu, New Chart Option. Once you open the XAUUSD trading chart click within the chart and choose new order and then you can choose to buy or sell XAUUSD from the new trade order window that will popup.
If anything else gets within this trading software complicated just click the "help button" and look for the solution it in the 'Help Topics'.
Gold MetaTrader 4 trading platform can be downloaded from the various online broker websites.
The MetaTrader 4 is so easy to learn as a beginner Gold trader can learn the platform within minutes, this is why the MetaTrader 4 is considered as one of the best Gold trading platforms if not the best Gold platform to practice and train with.
