Learn Gold Platform Software - MT4 XAUUSD Trading Platform

The best Gold trading platform online to learn XAUUSD trading with is the MT4 software. This is one of most often used online platform. It is used to also trade Forex Currencies, Index, Oil & CFDs.

This platform is provided by almost all the online trading brokers. This also is because it's a platform that's easy to use.

In this guide we shall explain the MetaTrader 4 platform software trading interface and show traders how to navigate this platform & how to trade with it. The MT4 software trading workspace is illustrated and shown below:

Gold Platform - MetaTrader 4 Platform Software Workspace

The above screen shot shows the MT4 XAUUSD trading platform interface where several chart tool-bars and trading chart windows are illustrated.

Once you've downloaded this Gold platform from you online XAUUSD trading broker's web site you will then need to learn how to navigate this trading software before you can start trading the XAUUSD Gold metal online.

Online Gold Platform Software - MetaTrader 4 Work-Space

From the above screenshot of this XAUUSD trading software platform there are several different chart tool-bars & also several different chart windows. You can download this Gold software platform from your online broker's web site and after you download this software, then you'll need to learn a thing or two about this online XAUUSD trading software:

The first thing you as a trader will need to learn is how to setup and install this Gold trading platform after you download it on your computer. For illustration if you download the MT4, you'll need to navigate to an online Gold broker website first, register for a demo practice trade account then after you register and sign up for a demo practice account you will be provided with a link where to download the MetaTrader 4 software.

Now once you download this Gold trading platform, assuming you do not know much about computers, Open your Web Browser>>> Go to tools on the top-left corner of your browser just next to "file", "edit", "view" click on tools, select download location, (shortcut: once you launch your web browser keyboard press CTRL + J or CTRL+ Y), a download popup will appear with the links to downloaded items. Select and Choose the trading software that you as a trader have just downloaded.

Installing MetaTrader 4 software

To install this trading software platform after you've downloaded, open the downloaded file from where it is that you have downloaded, from there an installation wizard appears & all you have to do is to follow the installation setup instruction guidelines. After installation of the software, the platform will run mechanically/automatically like just any other computer software.

You can open the MT4 from the start menu>>>Programs or from the desktop short cut that appears as a desktop icon tagged MT4 after installation.

Demo Account Opening & Sign In

To open a Gold account on MetaTrader 4 software just click on the "file" & then on "open an account", to login to an account just click on "file" at the top right corner and then click sign-in from the drop down menu which pops up.

Once you sign in to the XAUUSD trading platform software you'll get and gain access to trading charts & other trading analysis tools like technical indicators which you will then use to place Gold trade positions within the market while connected to your XAUUSD broker's servers.

Gold Trade Software - Menu Bar & Tool Bars

Menu Bar in MetaTrader 4 Platform Software for Navigating within the MT4 Platform Software

Menu bar is used to operate and navigate this online Gold software from a single window window. From this panel you can set how to view the chart tool bars, trading charts, data windows & even use the "file" menu tab to open a XAUUSD trading demo practice trade account - and also login to your trading account.

From the menu bar you can click the "view tab" next to file at the top left corner and choose chart tool-bars like in the above shown screenshot, these menu bars can be used to set-up the Gold trading charts, indicators, chart timeframes, and others things like drawing trendlines and Fibonacci retracements & Fib extension levels.

Now that we have looked at the MT4 chart toolbar and menu bar, we will look at the main work space interface of the MT4 XAUUSD online software.

Gold Trade Software - MT4 Work-Space

MT4 Trade Platform Workspace

MarketWatch Window - This market-watch window is used to show a stream of Gold prices that's gotten and obtained from your broker. In this market-watch window you can right click anywhere on this panel window to select and choose show all financial instruments or hide the ones you're not interested in and save some band-width at the same time. No need to have prices for 50 forex pairs if you are only interested XAUUSD.

To Find Gold or Gold metal for trading once you right click inside the market watch window panel and then choose and select & choose the "Show All" instruments, then look for XAUUSD or XAUUSD, open the XAUUSD Gold chart & then rightclick again and this time specify "Hide All" so as to hide all the other trading instruments which you will not be trading.

Data Window Panel - Used this data window to setup indicators, Expert Advisors(EAs) & scripts, you can click on any of the menu sub items and expand/collapse the indicators or Expert Advisors used for automated trading so that to select and choose these items & put them on the charts.

Charts Window - This is where the Gold price moves will be drawn in the form of a graph or what's commonly referred to as a chart in trading.

Charts Tab - This tab is used for navigation from one forex pair to another is easy, or if you're trading the metals GOLD & SILVER, this tab will be used to navigate from one chart to the other chart, just flip through the trading charts tab just as is shown above.

Terminal - This terminal window is used to display a statement of your trades, profits & losses which you've made in your live Gold account or demo XAUUSD account. To enlarge this window and view open trades, just hover the mouse on the terminal tool-bar until the cursor changes, click & hold down mouse button and then move cursor upward.

Connection bars - These connection bars are used to show and illustrate the online connection to the internet, red bars mean no online internet connection, green bars show that there is online internet connection.

Gold Charts - These XAU/USD Gold charts indicates the exchange price for the metal Gold that you're trading so that to show if the XAUUSD prices is going upward/downward.

Study More Topics and Tutorials:

• How to Add Trade Gold EA Bots in MT4 Platform Software
• How Do You Set XAUUSD Symbol on MT4 Android App?
• Customizing and Arranging Charts Toolbars on MT4 XAU/USD Platform
• XAUUSD Demo Practice Account MT5 Free Open a Demo MT5 Course Tutorial
• What is a Stop Loss
• XAUUSD 20 Pip a Day Strategy
• Inserting XAU USD Charts Line Studies Tools on the MT4 XAU USD Software
• Which are the Best Gold Analysis Indicators?
• Learn How to Create The Best XAU USD System
• XAUUSD Place a Gold Buy Limit Order in MT4 Platform Software