Trade Gold Trading

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 offered by almost all online trading brokers because of its user-friendly interface and ease of use.

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

Learn Gold Platform - Learn MetaTrader 4 XAUUSD Platform - How to Get Started with XAUUSD Trading MT4 Platform Software

Gold Platform - MetaTrader 4 Software Workspace

The MT4 interface for XAUUSD trading is depicted in the screenshot above, illustrating various chart toolbars and multiple trading chart displays concurrently.

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.

MT4 Gold Platform - Learn MT4 XAUUSD Platform - How to Get Started with Gold Trading MetaTrader 4 Software Platform

Online Gold Platform - MetaTrader 4 Work-Space

From the above screenshot of this XAUUSD trading software there are several different chart tool-bars & also several different chart windows. You can download this Gold software 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 need to learn is how to set up and install this Gold trading platform after you download it to your computer. For example, if you download MT4, you first have to go to a Gold broker's website, create a practice account, and after you sign up for the practice account, you will get a link to download the MetaTrader 4 program.

Once you download the Gold trading platform, if you do not know much about computers, open your internet browser. Then, go to "tools" in the top-left corner of your browser, next to "file", "edit", and "view." Click on "tools" and choose the download location. (Or, press CTRL + J or CTRL + Y on your keyboard while in your browser.) A window will pop up with the links to the things you have downloaded. Find and select the trading software that you just downloaded as a trader.

Installing MetaTrader 4 software

To install this trading software 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.

To launch MT4, navigate through Start Menu > Programs or use the desktop shortcut labeled MT4 that appears after installation.

Demo Account Opening & Sign In

To create a Gold account on the MetaTrader 4 software, click on "file" and then "open an account." To log in, again click on "file" in the top right and select sign-in from the dropdown menu.

Once you sign in to the XAUUSD trading platform 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

Learn Gold Platform - MetaTrader 4 XAU USD Trade Platform - How to Get Started with Gold Trading MT4 Platform Software

Navigation Toolbar within the MetaTrader 4 Platform Software for Moving Around the MT4 Environment

The menu bar runs the gold trading software from one spot. Adjust chart views, toolbars, and data panels here. Use the file tab to start a demo XAUUSD account or log in to live trading.

Click "View" tab next to File in the top left menu bar. Choose chart tool-bars like in the screenshot. Use them to set gold charts, add indicators, pick time frames, draw trend lines, and add Fibonacci levels.

Now that we've covered the MT4 chart toolbar and menu bar, let's look at the main workspace in the MT4 XAUUSD platform.

Gold Trade Software - MT4 Work-Space

Learn MetaTrader 4 XAUUSD Platform Software - MT4 XAUUSD Platform Tutorial - How to Learn XAU/USD MT4 Gold Platform

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 - Use this data window to set up indicators, Expert Advisors, and scripts. You can click on any of the smaller menu items and open or close the indicators or Expert Advisors used for automated trading to pick and choose these things and use them on the charts.

Charts Window - This is where the Gold price changes will be drawn as a graph or what people usually call a chart when they're trading.

Charts Tab - You can use this tab to easily go from one forex pair to another, or if you trade metals like GOLD and SILVER, you can use this tab to switch between their charts, just like in the picture 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 visual indicators denote the status of the online internet link: red bars signify a severed online connection, while green bars confirm an active online internet connection.

Gold Charts - The XAU/USD Gold charts depict the exchange price for the gold metal being traded, indicating whether XAUUSD prices are trending upward or downward.

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