How to Setup MT5 XAUUSD Trading Platform

Learn MetaTrader 5 XAUUSD Tutorials

To start xauusd with the MT5 platform, you need to follow the steps listed below:

XAUUSD Account MT5 Download

Setup MetaTrader 5 XAUUSD Trading Platform on Your PC. Open a gold trading account on the MT5 platform. Log in to the MT5 XAUUSD Account with your xauusd account sign in details Open Gold Charts and place XAUUSD Trades using the MT5 XAUUSD Trading Platform.

XAUUSD Account MT5 Download

After you Download MetaTrader 5 XAUUSD Trading Platform from your xauusd broker you'll then need to open a MT5 XAUUSD Account to trade with.

Trading XAUUSD Open a Demo Account using MT5 XAUUSD Trading Platform

1. Download the MT5 XAUUSD Platform - MT5 XAUUSD Trading Platform.
2. Setup MT5 XAUUSD Trading Platform.
3. Open MetaTrader 5 XAUUSD Trading Platform.
4. Enter the Log in Details: Account Name and Password for the Demo Trade Account
5. Open Gold Charts & start practice trading.
6. If you do not have a xauusd trading demo account you can sign up for a demo trade account using File menu, Click New Demo Account Registration and enter your details and sign up for an MT5 gold trading account.

Trading XAUUSD Open a Real Trading Account on MetaTrader 5

1. Download MetaTrader 5 XAUUSD Trading Platform
2. Install MetaTrader 5 XAUUSD Platform on your Computer.
3. Open MetaTrader 5 XAUUSD Platform on your Computer.
4. Click on the File Menu & Choose Open an Account.
5. Select The Real Trading Account Option.
6. Fill in the real xauusd account opening form.
7. Enter you xauusd account log in credentials for the Demo practice account.
8. Trade XAUUSD Trading instruments from the free MT5 xauusd charts provided.

MT5 XAUUSD Trading Platform Introduction Tutorial

The following screen shot below shows the main MT5 platform inter-face. As a beginner trader trying to learn how to execute xauusd orders in the online xauusd market, the main tool for trading the online xauusd market is the MetaTrader 5 platform software. This is the software that you'll connect to your online gold trading broker and execute gold trades and monitor your xauusd account balance from this xauusd MetaTrader 5 platform software.

The MT5 platform is provided for free through the various XAUUSD broker web sites. This MetaTrader 5 software looks like the xauusd example shown below:

How to Setup Gold MT5 Software - How to Setup MT5 XAUUSD Software

Main Areas of this MT5 software as shown above are:

1. Navigation Menus
2. Toolbars
3. Chart Window
4. Navigator Window
5. Market Watch Window
6. Terminal Window
7. Connection Bars

For this MetaTrader 5 guide we shall look at a brief introduction for each of these how to use MetaTrader 5 lessons:

1. Navigation Menus

The navigation menus are:

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

These are the main navigation menus which can be used to navigate the MT5 platform. As a xauusd beginner you can begin by just clicking on any of these navigation menus to familiarize yourself with various buttons that are arranged as sub menus within these navigation menus.

These navigation menus will be discussed and described in details in the next MT5 guide for beginners about navigation menus.

2. Tool-Bars

This how to trade on MT5 explains the tool bars are used to manipulate charts, either by placing indicators, line studies, change xauusd chart timeframes and load an MT5 template from a list of saved templates.

These MetaTrader 5 xauusd trading tool bars will be discussed on other how to use MT5 xauusd tutorials which will outline each button key on this tool bar & how to add & customize these tool bars.

3. Chart Panel

This is the main area where gold charts are displayed & a trader can analyze the market trend direction of a xauusd chart whether up or down, place MT5 indicators on MT5 xauusd charts for technical analysis & even place orders from these xauusd charts.

4. Navigator

Navigator MT5 tutorial will contain information about xauusd accounts, whether practice MT5 xauusd account or real MT5 xauusd account, this window will also have a list of all the MT5 indicators as well as EAs and scripts.

A trader can select which XAUUSD Trading account to log in to by expanding the Accounts menu, select an technical indicator by expanding the technical indicator menu or select an EA by expanding the Expert Advisor menu.

5. Market Watch

Market watch xauusd MT5 tutorial - Market watch is used to show streaming quotes for xauusd. This panel can list as many quotes provided by your XAUUSD broker or a few that are selected by a trader. To save internet band width, right-click inside the xauusd market watch window and choose 'Hide All', so as to hide the instruments that you're not trading and save on internet band width.

6. Terminal

This is the panel that is like the bank account trade area for your xauusd trades, on this window you can view your xauusd account balance, xauusd profit & losses statement, xauusd equity, xauusd margin used also retrieve a copy of all your xauusd transactions history.

This will also list all open gold trades and calculate all the profit and loss in real-time as the xauusd instruments move up or downward.

7. Connection Bar

Red bars are for no connectivity, green bars show that there's connectivity to the servers & xauusd trade orders can be placed. These connection bars should always be green when one is logged into their MT5 demo xauusd account or MetaTrader 5 live gold trading account.

These main areas form the MT5 XAUUSD Platform interface and will be the main areas to be covered in detail in next learn xauusd MetaTrader 5 software guides. For now it is best to download MetaTrader 5 software & familiarize yourself with the software interface.

Why XAUUSD Trading Platform is Required for Placing XAUUSD Quote Trade trade transactions with Brokers

Xauusd platform is software that is used to access the xauusd market & analyze these xauusd instruments using technical analysis xauusd charts. There are various reasons why a trader requires to use a good xauusd platform. A good gold software can determine if a as a trader you make profit or not.

So why does a trader need a good XAUUSD platform:

To connect to the Trading Server:

To open order one needs to use a xauusd platform which will connect to the trading servers of their broker & allow them to open & close trading orders. Good xauusd platforms will connect with ease to the brokers' servers and allow gold traders to place orders at any time from their desktop PC computer.

To analyze gold charts and xauusd instruments using technical analysis

To open a buy or sell order one needs to first interpret the direction of xauusd. This is why all good xauusd platforms provide technical xauusd tools such as gold price charts, technical indicators & various different chart time-frames from which a trader can analyze gold price moves using chart time frames of their choice.

How Do You Use XAUUSD Trading MetaTrader 5 Learn XAUUSD Platform Guide? - Learn MT5 XAUUSD Lessons

From the above MT5 platform interface, the summary of all information required by a trader is provided on this MT5 software interface

• Connection - connection to the broker servers
• Charts - price graphs which display gold prices
• Tool bars - toolbars to add technical analysis tools & technical analysis technical indicators
• Market Watch - for displaying available xauusd trading instruments
• Data window panel - provides account data and other indicator data
• Exchange rates - shows current market gold price of a xauusd trading instrument
• Menu bar - Shows all menu items on the platforms

How Do You Use Trading MT5 XAUUSD Platform Tutorial - XAUUSD Account MetaTrader 5 Download

MT5 XAUUSD Setup - How to Use MT5 Learn XAUUSD Platform Guide?