MT4 Gold Platform

The best xauusd software is the MetaTrader 4 platform. This is one of the most common xauusd software that is used almost by every other trader as well as almost every online broker.

In this tutorial we shall explain the MT4 Interface so that beginners wanting to begin learning this XAUUSD Trading charting software, can then start from this lesson.

Best Online XAUUSD Platform - MetaTrader 4 Workspace

Form the above image of the this platform there are several tool-bars as well as chart window.

You can download this online xauusd trading platform from your broker's site. Now after you download it, then you will need to learn one or two things about this xauusd trading platform:

The first thing is how to install this xauusd trading software after you download. For example if you download the MetaTrader 4, you will need to go to a broker first, register for a practice trading account then after you register for a practice xauusd account you will be provided with a link where to download the MT4.

Now once you download this xauusd trading software, assuming you do not know much about PC computers, Open your Web Browser >>> Go to tools at top-left corner of your web browser next to 'file', 'edit', 'view' menus click on tools, select download folder place, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download popup will appear with links to downloaded items. Select the software that you have just downloaded.

Installing MetaTrader 4

To install this software after you have downloaded, launch the download from where you downloaded, from there an installation wizard appears & all you've to do is to follow the setup instructions. After setup the platform will run automatically just like any other software. Read guide How to install MT4 platform.

You can open the MetaTrader 4 from the begin menu>>> Programs or from the desktop short-cut that pops up as a desktop icon marked MT4 after installation.

Demo XAUUSD Account Opening and Login

To open an account in MetaTrader 4 just click on 'file' and then on open an account, to log in to an account just click on 'file' at the top right corner and click sign in from the drop down menu that appears.

Once youlogin to the platform you'll get access to charts and other technical analysis tools such as technical indicators that you will then use to place trades within the xauusd market while connected to your xauusd broker's servers.

XAUUSD Platform Menu Bar and Toolbars

Menu Bar on MT4 for Navigating within the Software

Menu bar is used to operate & navigate this xauusd trading platform from one single panel. From this panel you can set how to view tool bars, chart, data window and even use the file tab to open a gold account - & also login to your account.

Form the menu bar you can click on view tab & select tool-bars like in the above pictured image, these menu bars can be used to set up charts, indicators, time frames, & others things like drawing xauusd trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this platform navigate to this MT4 XAUUSD Platform Tutorial Section.

Now that we have looked at the tool-bar & menu bar, we shall look at the main work-space interface of the MT4 platform - MetaTrader 4 XAUUSD Platform.

Best Online XAUUSD Platform - MetaTrader 4

Market Watch window - This window panel is used to show a stream of the exchange rates that is obtained from your gold trading broker. In this market watch window you can right-click anywhere on this panel to select show all xauusd or hide the ones you are not interested in and save some bandwidth at the same time. No need to have gold trading prices for 50 xauusd if you are only interested in 4 xauusd.

Data Window - Used to setup Indicators, Expert Advisors and scripts, you can click any of this menu sub items & expand/collapse the indicators or Expert Advisors used for automated trading.

Charts Panel - This is where price moves will be drawn.

Charts Tab - Navigation from one xauusd to another is easy, just flip through the charts tab as shown above.

Terminal - This window panel is used to display a sstatement of your trades, profits & loses that you have made in your live gold trading account or demo gold trading account. To enlarge this panel and view open trades, just hover the mouse on the terminal toolbar until the cursor changes, click & hold down mouse button key & then move cursor upwards.

Connection bars - These are used to show connection to net, red bars mean no net connectivity, green bars show there is internet connectivity.

Exchange Rates Graph - this shows the exchange rates for the xauusd that you're trading so as to display if the exchange rate is going upwards or downwards.

Why MT4 is Best XAUUSD Software

In the online xauusd market there are many xauusd trading softwares available around the internet. But among the top xauusd softwares best xauusd platform is MetaTrader 4, it is the best XAUUSD software because of the following reasons:

Low Bandwidth Connection Requirement

Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber Optic internet connection: furthermore, these are not freely available to some residential areas and may be limited to office buildings. This is why it is best to choose a xauusd software which requires the minimum band-width, the MetaTrader 4. Even with the best connection, sometimes the connection might not be available & you may need to use an alternative connectivity like the dial up or modem. MT4 is the least expensive if you are on a modem. To even reduce further the inter-net band width usage go to market watch (Short-cut press CTRL+M), Right Click on any xauusd instrument, Choose 'Hide all', now the platform will only stream the gold trading price quotes for the pairs you only need and conserve your bandwidth even further. Especially when using a mobile phone or i Pad or a Tablet where you are paying for phone credit this can save your credit. This is one of the reason why the MT4 is considered as one of the best xauusd trading platforms online.

The easier it's to connect the easier it is open and close trades on time.

Provided by all Brokers

Another reason why this XAUUSD software is considered as one of the best xauusd trading platform is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a learns the MetaTrader 4 platform there is no need to re-learn when you switch to another gold trading broker. You can still use the same MetaTrader 4 of the new xauusd broker without the need to learn a new platform all over again.

Easy Technical Analysis

The other thing that makes this the best xauusd platform is ease with which you can set up the technical analysis technical indicators on the gold charts. Even those using various web traders will do their technical analysis in the MT4 and then place their xauusd orders on their web trader.

Technical traders can also install custom technical indicators on this software, making it easier to add more technical analysis tools on to this software. Others also install automated Expert Advisors on this xauusd platform so as to trade automatically with these programs referred to as automated Expert-Advisor XAUUSD Robots.

Best Charts

The MetaTrader 4 has the best xauusd platform charts representations available & implements many chart timeframes from which a investor can select.

Simplicity

Overall the simplicity of this software and the fact that any investor can learn how to use MT4 within one hour makes this the best trading software for new & experienced gold traders.

According to xauusd trading platform reviews of the top xauusd trading platforms MetaTrader 4 is the best xauusd trading platform. Therefore, traders looking for what is the best xauusd software can begin trading with the MetaTrader 4 platform as it's the best software & it is very easy to learn.

MT4 XAUUSD Platform - MetaTrader 4 XAUUSD Platform