Top Platform Gold Education - The Best Gold Software
Practice Trading - Set of Gold Platform Courses for Beginner
The following screenshot below shows the main MT4 software inter-face. As a beginner trader trying to learn how to execute orders in the online market, the main tool for transacting the market is the MT4 software software. This MetaTrader 4 is the software that you'll connect to your broker with and execute trade transactions and monitor your account balance from the MetaTrader 4 platform.
The Gold MT4 software is provided for free through the various broker websites. This MetaTrader 4 looks like the example below:
Main Areas of this MT4 as shown above are:
- MT4 Navigation Menus
- Tool-Bars
- MetaTrader 4 Chart Window
- MetaTrader 4 Navigator Window
- MT4 Market Watch Window
- MT4 Terminal
- MT4 Connection Bars
For this MT4 lesson we shall look at a brief intro for each of these learn gold MetaTrader 4 platform:
1. Navigation Menus
The MetaTrader 4 navigation menus are:
- File Menu
- View Menu
- Insert Menu
- Charts Tab
- Tools Tab
- Window Menu
- Help Menu
These are the main MetaTrader 4 navigation menus that can be used to navigate MT4 platform. As a beginner trader you can start by clicking any of these MT4 navigation menus to familiarize yourself with the various MT4 buttons which are arranged as MT4 sub-menus within these MT4 navigation menus.
These MT4 navigation menus will be discussed & covered in details in the next MetaTrader 4 guides about navigation menus.
2. Tool-Bars
The MetaTrader 4 tool-bars are used to manipulate MT4 charts, either by placing Meta Trader 4 indicators, MetaTrader 4 line studies, change MT4 time frames & load MetaTrader 4 template from a list of saved MT4 templates.
These MT4 tool bars will be discussed on other MT4 tutorials which will outline each MetaTrader 4 button on this MT4 tool bar & how to add & customize these MT4 toolbars.
3. Chart Window
This MetaTrader 4 chart window is the main area where MetaTrader 4 charts are displayed and one can analyze the trend direction of a MetaTrader 4 chart whether up or down, place MetaTrader 4 chart indicators for technical analysis & even place orders from these MT4 charts.
4. Navigator
MT4 Navigator will contain data about MetaTrader 4 accounts, whether demo or real, this MT4 window will also have a list of all the MetaTrader 4 indicators as well as MetaTrader 4 Expert-Advisors and scripts.
A trader can select which Meta Trader 4 account to sign-in by expanding the Accounts menu, select an MT4 indicator by expanding the MT4 indicator menu or select an MT4 Expert-Advisor by expanding the Expert-Advisor menu.
5. Market Watch
MT4 Market watch is used to show streaming trading quotes for MetaTrader 4 quotes. This can listing as many symbols that are provided by your Meta Trader 4 broker or a few chosen by a trader. To save inter net bandwidth, right-click inside MetaTrader 4 market watch window panel & select "Hide All", to hide the currencies that you are not transacting on this MetaTrader 4 software and save on internet band width.
6. Terminal
This is MT4 window panel that's like the bank account trade area for your MetaTrader 4 trades, on this MT4 window you can view your trading account balance, profit and losses statement, equity, margin used and also generate a copy of all your Meta Trader 4 trades history.
This MetaTrader 4 panel also will list all open trade transactions & calculate all the profit & 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 connectivity to the servers and MetaTrader 4 trade orders can be opened. These MetaTrader 4 connection bars should always be green when one logged into their MT4 demo account or MetaTrader 4 real account.
These Meta Trader 4 platform main sections form the MetaTrader 4 software interface and will be the main areas to be covered in detail in next learn MT4 tutorials. For now it is best to download MT4 software & familiarize yourself with MT4 software inter-face.
Why Platform is Required for Opening Transactions with Brokers
Platform is the software that's used to access the market & analyze these market movements using charts and technical analysis tools. There are various reasons why one requires to use a good platform. A good xauusd software can determine if a as a trader you make profit or not.
So why does a trader need a good Gold Software:
To connect to the Broker Server:
To place a gold trade order a trader needs to use a gold software that will connect to the trading servers of their broker and this will allow them to open & close trade orders. Good platforms will connect with ease to the brokers' servers & allow gold traders to place orders at any time from their desktop PC computer.
To analyze charts & currencies using trading 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 such as gold price charts, indicators & various different time frames from which one-can analyze price moves using the time frames of their choice.
From the above platform inter-face, the summary of all the info required by a trader is provided in this MetaTrader 4 platform interface
- Connection - connection to the broker servers
- Charts - price graphs that show gold prices
- Toolbars - tool bars to add tools & technical analysis indicators on gold charts
- Market Watch - for displaying available financial instruments on MetaTrader 4
- Data panel - provides MT4 account data and other indicator data
- Exchange rates - shows current market price of a trading symbol
- Menu bar - Shows all menu items in the MT4 platform
