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The following screen shot below indicates the main MetaTrader 4 software inter-face. As a beginner trying to learn how to execute trading orders in the online trading market, the main tool for trading the markets is the MetaTrader 4 software platform. This MT4 is the trading software that you will connect to your broker with and execute trades and monitor your account balance from the MT4 software.

The Gold MT4 software is provided free through the different broker web sites. This MT4 resembles the example displayed below:

Main Areas of this MT4 just as is shown above are:

1. MetaTrader 4 Navigation Menus
2. Tool-Bars
3. MT4 Chart Window Panel
4. MT4 Navigator Panel
5. MT4 Market Watch Window
6. MetaTrader 4 Terminal
7. MetaTrader 4 Connection Bars

For this MT4 lesson we shall look at a brief intro for each of these learn gold MT4 software:

1. Navigation Menus

The MetaTrader 4 navigation menus are:

1. File Menu
2. View Menu
3. Insert Menu
4. Charts Tab
5. Tools Tab
6. Window Menu
7. Help Menu

These are the main MetaTrader 4 navigation menus which can be used to navigate MT4 software. As a beginner trader you as a trader can start by pressing any of these MT4 navigation menus to familiarize yourself with different MT4 buttons which are arranged as MetaTrader 4 submenus within these MT4 navigating menus.

These MT4 navigation menus will be discussed & covered in details & particulars in the next MT4 lessons about navigating menus.

2. Tool-Bars

The MetaTrader 4 tool-bars are used to manipulate MetaTrader 4 charts, either by placing MT4 indicators, MetaTrader 4 line studies, change MT4 time frames & load MT4 template from a list of saved MT4 templates.

These MT4 tool-bars will be discussed on other MT4 tutorials which will outline each MT4 button on this MT4 tool bar & how to add & customize these MT4 toolbars.

3. Chart Window Panel

This MT4 chart window is the main area where MT4 charts are displayed and one can analyze & interpret the market trend direction of a MT4 chart whether up or down, place MT4 chart indicators for analysis and even place orders from these MT4 charts.

4. Navigator

MetaTrader 4 Navigator will contain data about MT4 accounts, whether demo or real, this MT4 window will also have a listing of all the MT4 indicators & also MT4 EAs and scripts.

A trader can choose which MT4 account to sign in by expanding the Trading Accounts menu, select an MT4 indicator by expanding the MetaTrader 4 indicator menu or choose an MT4 Expert-Advisor by expanding the Expert-Advisor menu.

5. Market-Watch

MetaTrader 4 Market watch is used to display streaming trading quotes for MT4 quotes. This can listing as many symbols that are provided by your MT4 broker or a few selected by a gold trader. To save internet band-width, right click inside MT4 market watch panel window & select "Hide All", to hide the currencies that you're not transacting on this MT4 software and save on internet band width.

6. Terminal

This is MetaTrader 4 window panel that's like the bank account trade area for your MT4 trades, on this MT4 window panel you as a trader can view your trading account balance, profit and losses statement, equity, margin used & also generate a copy of all your MT4 trade transactions history.

This MT4 panel also will list all open trade positions and calculate all the profit and loss in real time as the gold currencies move up/down.

7. Connection Bar

Meta Trader 4 connection bars - Red bars are for no online connection, green bars show that there's connection to the servers and MT4 orders can be opened. These MT4 connection bars should always be green when a trader is logged into their MT4 demo account or MT4 live account.

These MT4 platform main sections form the MT4 software interface and will be the main areas to be covered in detail in the next learn MT4 tutorials. For now it's best to download MT4 software & familiarize yourself with MT4 software inter-face.

Why Platform Software is Required for Opening and Placing Trade Positions with Brokers

Platform is the software that is used to access the market and analyze these market movements using charts and technical analysis tools. There are different grounds why one requires to use a good software. A good xauusd software can determine if a as a gold trader you make profit or not.

So why does one need a good Gold Platform Software:

To connect to the Online Broker Server:

To place a gold trade order a trader needs to use a gold software that will connect to the servers of their broker & this will allow them to open and close out trade orders. Good softwares will connect with ease to the online brokers' servers and allow gold traders to place and open orders at any time from their computer.

To analyze & interpret charts and currencies using technical analysis tools

To open a buy/sell gold order one needs to first analyze the direction of a trading symbol using charts. This is why all good platforms provide trade tools like gold price charts, indicators and various different time-frames from which one can interpret the price moves using the timeframes of their choice.

From the above platform inter-face, the summary of all the info required by a trader is provided in this MT4 software interface

• Connection - connection to the broker servers
• Charts - price graphs which show gold prices
• Toolbars - tool bars to add tools and trading analysis indicators on gold charts
• Market Watch - for displaying available trading instruments in the MetaTrader 4 Platform
• Data panel - provides MT4 account data and other indicator data
• Exchange rates - shows ruling price of a symbol
• Menu bar - Shows all menu items in the MT4 software

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