XAUUSD eSoftware - MetaTrader 4 Platform

MetaTrader 4 tops the list as the most popular platform for trading gold. People also love using MT4 for forex, indices, CFDs, and oil.

MT4 software is given away for free by online brokers for Gold and Forex trading. This XAU/USD platform, or Gold trading platform, lets online traders easily see real-time XAUUSD prices from the broker's computers to the trader's computer. Traders can join the online Gold market through this platform that their online broker provides.

This gold platform displays XAUUSD prices as charts and graphs, called gold charts. These show price moves in a simple way. It's easy to spot the main trend, 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 renders and displays graphical representations of Gold prices on the monitor: these charts reflect the prevailing bid and ask prices for the Gold commodity.

This XAU/USD trading platform also helps traders to monitor 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 investors also can open & close-out trades directly from the buying and selling 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 called MT4 or MetaTrader 4, anyone can download this software for free from the online XAUUSD trading company that gives this trading platform to new Gold traders & also the experienced XAUUSD traders in the Live XAUUSD trading market.

As an individual new to trading, you should commence with a simulated account, specifically a XAUUSD practice account utilizing virtual capital. This setup ensures that a XAUUSD trader does not have to jeopardize personal funds while initially learning the mechanics of trading Gold. Once the trader has achieved proficiency in trading via the MT4 platform using this demonstration environment, they can then proceed to establish a Real XAUUSD Account, often termed a Live XAUUSD Account, deposit their own capital, and commence trading within the actual XAUUSD market for the purpose of generating income.

Learning MT4 XAUUSD Trade Platform

If you're new to XAUUSD platforms, keep in mind that all software follows the same coding basics. Programmers stick to shared rules, including one called familiarity.

In most software, like a web browser, you see menus at the top left: file, edit, view, history, tools, and help.

Compare this to your XAUUSD MT4 platform. The menu shows File, View, Insert, Charts, Tools, and Help.

MT4 Software Navigation Menu

In the top left of MT4 software, use the File menu to open charts for your forex pair. For XAUUSD trades, gold traders can open the XAUUSD or Gold chart based on platform labels. From this menu, open or log into an account too.

Under File Menu

Use the "New Chart" button to open a new gold chart. Select the "Open a Trading Account" button to create a demo account for practice trading. Use the "Sign In" button to access an existing account.

How to Register 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.

You can still click Terminal to see open trades. This MT4 window handles transactions. An XAUUSD trader uses it to check account balance and details on open trades.

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 any part of this trading program is too hard to understand, just click the "help button" and find your answer in the 'Help Topics'.

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

MT4 is simple for new gold traders. You can pick it up in minutes. That's why it's a top platform for practice and training.

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