XAUUSD Platform

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

In this learn MT4 platform tutorial we shall explain the MetaTrader 4 Interface so that beginner xauusd traders wanting to start learning this XAUUSD Trading charting software, can then start from this tutorial.

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From the above screenshot of the this xauusd platform MT4 software there are several toolbars as well as chart windows.

You can download this online xauusd trading platform from your broker's website. Now after you download xauusd platform, 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 platform, you will need to go to a xauusd broker first, register for a xauusd demo practice account then after you register for a xauusd demo account you will be provided with a link where to download the MetaTrader 4 platform.

Now once you download this xauusd trading platform, assuming you do not know much about computers, Open your Browser >> Go to tools at the top left corner of your browser next to "file", "edit", "view" click on tools, select download folder location, (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.

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

You can open the MT4 platform from the start menu>> Programs or from the desktop shortcut that appears as a desktop icon marked MT4 after installation.

Demo Account Opening and Login

To open an account on MT4 just click on "file" and then on open an account, to login to an account just click on "file" at the top right corner and click login from the drop down menu that appears.

Once youlogin to the xauusd platform you will 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 MetaTrader 4 for Navigating within the Software

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

Form the menu bar you can click on the view tab and select toolbars like in the above pictured screenshot, these menu bars can be used to set up xauusd trading platform xauusd charts, indicators, time frames, and others things like drawing xauusd trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this xauusd platform software navigate to this MetaTrader 4 XAUUSD Platform Tutorial Section.

Now that we have looked at the toolbar and menu bar, we shall look at the main workspace interface of the MT4 platform.

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Market Watch window - This window is used to show a stream of the exchange rates that is obtained from your xauusd broker. In this market watch window you can right click anywhere on this window 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 xauusd prices for 50 xauusd if you are only interested 4 xauusd.

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

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

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

Exchange Rates Graph - this shows the exchange rates for the xauusd that you are trading so as to show if the exchange rate is going up or down.

Why MT4 is Best XAUUSD Software

In the online xauusd market there are many xauusd trading platforms available around the internet. But among the top xauusd trading platforms best xauusd trading platform is the MetaTrader 4 platform, it is the best XAUUSD Trading 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 trading platform that requires the minimum bandwidth, the MetaTrader 4 platform. Even with the best connection, sometimes the connection may not be available and you may need to use an alternative connection like the dial up or modem. MT4 platform is the least expensive if you are on a modem. To even reduce further the internet bandwidth usage go to market watch (Shortcut press CTRL+M), Right Click on any xauusd instrument, Select "Hide all", now the xauusd trading platform will only stream the gold 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 platform is considered as one of the best xauusd trading platforms online.

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

Provided by all Brokers

Another reason why this XAUUSD Trading software is considered as one of the best xauusd trading platform is because MT4 is liked by most xauusd traders all brokers provide it. Once as an investor 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 xauusd trading platform all over again.

Easy Technical Analysis

The other thing that makes this the best xauusd trading platform is the ease with which you can set up the technical analysis indicators on the gold charts. Even those using various web traders will do their technical analysis on the MetaTrader 4 platform and then place their xauusd orders on their web trader.

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

Best Charts

The MT4 has the best xauusd trading platform charts representations available and implements many chart timeframes from which an investor can choose.

Simplicity

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

According to xauusd trading platform reviews of the top xauusd trading platforms MetaTrader 4 is the best gold trading platform - XAUUSD Trading Trusted Trading Platforms MT4 XAUUSD Platforms. Therefore, xauusd traders looking for what is the best xauusd trading platform can start trading with the MetaTrader 4 software - XAUUSD Trading Trusted Trading Platforms - as it is the best xauusd trading platform software and it is very easy to learn.