XAUUSD eSoftware - MetaTrader 4 Platform

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

MT4 software is offered for free by online Gold trading and Forex Trading Brokers. This XAU/USD platform or Gold trading platform software as it's commonly known provides the online traders with ease access to real time XAUUSD price quotes from the broker's servers to the online trader's computer. Traders can connect to the online Gold trading market through this platform that's provided to them by their online broker.

This Gold trading platform 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 figure out the general market trend direction that XAUUSD prices are heading in whether the direction is up or down.

The MT4 software platform also will provide traders with many trading analysis tools like indicators that they can use to analyze and interpret the movement of the Gold prices.

This Gold platform plots and display Gold price charts on the computer screen; these charts show the current buy and sell price of Gold metal.

This XAU/USD 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 position 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 of the trades that the online trader has opened & a gold trader can close their trades from this MT4 transactions window.

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

MetaTrader 4 Software Platform - Online Gold Trade Software

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

Commonly known as MT4 or just MetaTrader 4, this software can be downloaded free of charge from the online XAUUSD trading broker that provides this trading platform to beginner Gold traders & also 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 account for practice trading that uses virtual funds meaning that a xauusd trader doesn't 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 MT4 using this demo trading account a gold trader then will open the Real XAUUSD Account commonly referred to as Live XAUUSD Account then deposit their money/funds as their capital and start trading the live XAUUSD trading market for profit.

Learning MT4 XAUUSD Trade Platform

If you are new to XAUUSD software platforms all that you need to remember and know is that all computer software uses the same coding rules, programming rules are followed by all programmers, one of the rules used is known as 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 & analyze this with your XAUUSD trading platform, if you are using MT4 commonly referred to as MT4 there's file, view, insert, charts, tools & help.

MT4 Software Navigation Menu

In the top left corner of the MT4 platform softwares, Under "File" menu you as a trader can open charts for the forex pair you want or when it comes to trading XAUUSD - you as a Gold trader can open the chart for XAUUSD or Gold depending on how it will be marked on your trading platform, 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 MetaTrader 4 XAUUSD TradeSoftware

Under View Menu

Under view menu you can open the navigator, the navigator is used to view your account number details, it is also used to view indicators & also 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 as a trader can click "terminal" to view open trades. This is the MT4 transaction window where a xauusd trader can access information about their account balance as well as information about their open trades.

Opening a XAUUSD Trade

To open a Gold trade, rightclick inside the chart, you as a trader 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 platform can be downloaded from the various broker websites.

The MT4 is easy to learn as a beginner Gold trader can learn the trading platform within minutes, this is why the MT4 is regarded as one of the best Gold trading software platforms if not the best Gold platform to practice and train with.

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