Trade Forex Trading

Trading Platform Setup - Trading Platform Lesson

Platform Meta Trader 4 (MT4)

The Online market, being one of the liquid financial market means that traders can open trades in the market anytime they want & place their trades.

Decreased requirements to trade the market, high speed internet and the advances in internet & online communication technology are all responsible for having driven this market to where it is today. These changes took the market from being limited to big financial institutions and multinational corporations to the point which ordinary people can now trade and participate in the largest financial markets in the world through Online Trading net-works or what is referred to as inter bank market.

Because of this new clientele, online brokerage firms began improving their services and accessibility. Different platform softwares suitable for different types of traders have been built to meet needs signal of this new market. With accessible platforms and software that's constantly being improved, brokers are finding that popularity of market is rapidly increasing.

Many Online Brokers feature Micro trading accounts. These accounts allow their clients to register and open a account with a minimum margin of $5.

If you are interested in opening a account, first thing that you'll need is a computer with a high-speed inter-net connection. The fast internet connection is important for an effective trade strategy to work. You need for your orders to be executed quickly.

Next, you will need to choose a online brokerage company, the company should provide you with a platform to use. The platform is simply a software program that's essential to connect to the market. You download it to your computer & use it.

It is important that you choose a platform that you're comfortable using.

  • It must provide realtime data that's accurate & up-to-date.
  • It must be secure, and stable.
  • It should have charting tools to perform analysis
  • It should also have the feature that will allow you to store your trades history
  • You should be able to execute orders with ease
  • Easy to learn with

With all these features, you can really improve the way you trade in market & also minimize the risk of losing money.

Consider opening a demo trade account, which is a practice trading account. This will allow you as a trader to try out the software & market without risking any real money. By practicing with the practice trade account, you allow yourself time to decide if this is actually the program which you would like to use.

Brokers

STP means Straight Through Processing(STP) Network. With an STP you will be directly connected to the inter-bank net-work through the STP Network.

MetaTrader 4

Gold with the MT4 Software - Platform MetaTrader 4 - Platform MetaTrader 4 (MT4)

XAUUSD Trading Softwares List

Most traders will generally favor using an STP Online Broker because it's much easier to place transactions on STP execution

Traders who participate in Gold are investors who want to make profit by buying currencies which are appreciating in value and selling the ones which are depreciating. To trade XAUUSD online, one needs to open a account with a broker & deposit money to facilitate online Gold transactions.

Brokers offer online trade platform softwares which are designed to stream real time quotes to their clients (retail traders) so that the traders can instantly execute transactions.

Once a trader selects a online broker, they then download their platform, install it on a computer PC with an inter-net connection. Then open a trading account and sign-in to the platform to receive realtime quotes of currencies. This streaming date is graphically drawn on a grid forming what is known as the charts. Trader can then place trades through this platform software provided. Brokers also offer Free Demo Accounts that are free practice accounts that beginners can practice gold trading with.

Trades can not be made directly on the online trading market, and can only be set through an broker, linked to the internetwork of other banks, this is the network of big banks which are used to facilitate exchange trading.

The most favored XAUUSD software is referred to as MetaTrader 4 Software (or MT4), MetaTrader 4 software is very easy to learn and has some of the best charts and this MetaQuotes MT4 charting platform comes with Indicators for trading analysis of charts.

Many Traders agree that the best platform online is the MT4. When doing trade platformplatform comparison most traders compare other trading platformsplatforms to be full of bugs, with a poorly designed user interface that's hard to use & navigate with, & sub-standard technical analysis tools to choose from.

Most Brokers have even switched to MetaTrader 4 software after facing pressure from their clients to implement this online software. Some brokers opting to offer a choice between, their own software and also the MetaTrader 4 platform, among other trading platformsplatforms like Currenex.

MT4 Software

The MT4 is a software for trading the online financial markets. The MetaTrader 4 platform has versions for both platforms for PC Desktop computers and platforms for phone apps. The Meta Trader 4 platform is a tool used by traders to gain access to the market, analyze price charts and place orders through to their brokers using Meta Trader 4 software platform. MetaTrader 4 software is owned by the online broker from where you can download it for free from their web site.

Key features of Meta Trader 4 Software

  • Extremely Fast Trade Execution.
  • Realtime summary of client's order, account equity, floating profit and loss
  • Chart based Click Transaction via MT4.
  • Market Analysis Tools & Analysis Tools - indicators
  • Automated coding language and Expert Advisors (Expert Advisor).
  • Daily Trading Account Statement Sent to Clients E-mail
  • Complete trading analysis package, with wide range of built in indicators and charting tools.
  • Multilingual user work-space - English, Arabic, German, Spanish, French, Chinese, Russian

These features make the MT4 the most favored software.

You can download MT4 Software & practice trading with these Gold tools on a demo account.

MT4 Mobile Platform Software Version

Trading on your mobile allows you to manage your account on your portable phone device, whether it's your smart-phone or your Pocket PC. Mobile apps offer a alternative method to keep a tab on your account when you do not have access to your desktop PC. From your phone app you as a xauusd trader can follow market moves, analyze the movements & adjust your orders from tour phone. With phone you can access online financial markets from anywhere.

Meta Trader 4 Mobile Trading Software

  • Full features for management of trading accounts.
  • Accessible from any location worldwide
  • Trading charts
  • 30 indicators - MetaTrader 4 indicators
  • Support all types of orders
  • Financial market news
  • VGA mode support.

Meta Trader 4 Mobile (Smartphone Edition)

  • Full features for management of trading accounts.
  • Accessible from any location worldwide
  • Trading charts
  • Indicators - MetaTrader 4 indicators
  • Supports all types of orders.
  • Financial market news

The MT4 Mobile platform - Smartphone Edition is the mobile trader for smart phones operating under the MS Windows Mobile.

Study More Tutorials & Courses:

Forex Market Traders Seminar Gala

Forex Market Traders Seminar

XAUUSD Broker