XAUUSD eSoftware - MetaTrader 4 Software

The most popular Gold Trading Platform is the MetaTrader 4. MT4 is also the most popular software for currency Forex trading, indices trading, CFDs trading and Oil trading.

MetaTrader 4 software is offered for free by online Gold trading and Forex Trading Brokers. This XAUUSD trading platformplatform 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 Gold trading market through this trading platformsoftware platform that's provided to them by their online broker.

This Gold trading platformplatform plots the prices of XAUUSD in the format of charts and graphs commonly known as Gold trading charts & these trading charts will represent the movement of XAUUSD prices in an easy format that's easy to analyze so that to determine the general trend direction that XAUUSD prices are heading in whether the direction is up or down.

The MT4 software also will provide traders with many trading 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 equity balance in online trading. The platform will have a trade transaction window that will show the Trading Account balance that the trader has deposited that's available for trading with. This window also will show all the trades that the trader has opened and a gold trader can close their trades from this MetaTrader 4 transactions window.

From the Gold trading charts traders can also open & close trades directly from the trading charts.

MT4 Software - Online Gold Trade Software

The easiest Gold trading platform to learn trading XAUUSD with is the MetaTrader 4 software - it is also the easiest to use when trading currencies, stock indices, Oil & CFDs trading instruments online.

Commonly known as MetaTrader 4 or just MetaTrader 4, this software can be downloaded free of charge from the online XAUUSD trading broker that provides this trading platformplatform to beginner Gold traders as well as the experienced XAUUSD traders trading the Live XAUUSD trading market.

As a beginner, you'll have to begin with a demo trade account which is a XAUUSD trading account for practice trading that uses virtual funds meaning that a xauusd trader does not have to risk their own money when they start studying 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 gold trader will then open the Real XAUUSD Account commonly referred to as Live XAUUSD Account then deposit their money as their capital and start trading the live XAUUSD trading market for profit.

Learning MT4 XAUUSD Trade Platform

If you are new to XAUUSD trading platform softwares 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's 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 the MT4 platform software, Under "File" menu you can open charts for the forex pair you want or when it comes to trading XAUUSD - you can open the chart for XAUUSD or Gold depending on how it will be marked on your trading platformplatform, from this file menu you also can open an account, or login to an account and so on.

Under File Menu

Use "New Chart" button to open a new Gold chartUse the "Open an Trading Account" button to open a practice demo Gold demo accountUse the "Sign in" button to login to an account

How to Open an Account in MT4 XAUUSD TradeTrading Platform

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 Automated Expert Advisors that are used for automated trading. To use any of the indicators just double click +oon 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 trade transactions. This is the MT4 transaction window where a xauusd trader can access information about their account balance as well as information about their open trade transactions.

Opening a XAUUSD Trade

To open a Gold trade, rightclick inside the chart, you can open the XAUUSD chart from File menu, New Chart Option. Once you open the XAUUSD chart click within the trading chart and choose new order and then you can choose to buy or sell XAUUSD from the new order panel that will pop up.

If anything else gets within this trading software complicated just click +oon the "help button" and look for the solution it in the 'Help Topics'.

Gold MetaTrader 4 trading platform can be downloaded from the various broker websites.

The MetaTrader 4 is easy to learn as a beginner Gold trader can learn the trading platform within minutes, this is why the MetaTrader 4 is regarded as one of the best Gold trading platform softwares if not the best Gold platform to practice and train with.

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