How to Use MT4 Platform Software

How Do You Use XAUUSD MT4 Learn XAUUSD Software Guide?

To start xauusd with the MetaTrader 4 software, you as a trader needs to follow guidelines illustrated below:

Account MT4 Download

Install MT4 Platform on Your PC. Open a account on the MetaTrader 4 software platform. Log in to the MT4 Account with your account sign in details Open Charts and place Trades using the MT4 Platform.

Account MT4 Download

After you Download MT4 Software from your broker you'll then need to open a MetaTrader 4 Account to trade with.

Trading XAUUSD Open a Demo Account using MT4 Platform

1. Download the MetaTrader 4 Software - MT4 Platform.
2. Install MetaTrader 4 Platform Software.
3. Open MetaTrader 4 Software.
4. Enter the Log in Details: Account Name and Password for the Demo Trade Account
5. Open Charts and start practice trading.
6. If you do not have a gold Demo Practice account you can register for a Demo Practice Account trade account using File menu, Click New Demo Account Registration and enter your details and sign up for an MT4 account.

Trading XAUUSD Open a Real Trading Account on MetaTrader 4

1. Download MT4 Software
2. Install MetaTrader 4 Software on your Computer.
3. Open MetaTrader 4 Software on your Computer.
4. Click on the File Menu and Choose Open an Account.
5. Choose The Real Account Option.
6. Fill in the real xauusd account opening form.
7. Enter you account log in credentials for the Demo practice trade account.
8. Trade XAUUSD instruments from the free MT4 charts provided.

MetaTrader 4 Software Introduction Tutorial

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

The MetaTrader 4 platform is provided for free of charge through various broker web sites. This MetaTrader 4 looks like the example shown below:

Learn How to Use MT4 Platform Guide - Learn How to Use MetaTrader 4 Platform Guide - How to Use MT4 Software

Main Areas of this MT4 as shown above are:

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

For this MT4 tutorial we shall look at a brief introduction for each of these how to use MetaTrader 4 guides:

1. Navigation Menus

The navigation menus are:

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

These are the main navigation menus which can be used to navigate the MetaTrader 4 software. As a beginner you can start by just clicking on any of the navigation menus so as to familiarize yourself with various buttons that are arranged as sub menus items within these navigation menus.

These navigation menus will be discussed in details in the next MT4 tutorial for beginner traders about navigation menus.

2. ToolBars

This how to trade in MT4 explains the toolbars are used to manipulate charts, either by placing indicators, line studies, change chart timeframes & load an MetaTrader 4 template from a list of saved templates.

The MetaTrader 4 tool-bars will be discussed on other how to use MT4 tutorials which will outline each button key on this tool bar & how to add & customize these tool bars.

3. Chart Window

This is the workspace area where charts are portrayed & a trader can analyze the market trend direction of a chart whether up or down, place MT4 indicators on MT4 charts for analysis & even place orders from these charts.

4. Navigator

Navigator MT4 tutorial will contain information about accounts, whether practice MT4 account or real MT4 account, this window will also have a list of all the MT4 technical indicators as well as Automated EAs and scripts.

One can choose which XAUUSD account to sign in to by expanding the Accounts menu, select an technical indicator by expanding the indicator menu or select an EA by expanding the Expert Advisor menu.

5. MarketWatch

Market watch xauusd MetaTrader 4 tutorial - Market watch panel is used to show streaming quotes for xauusd. This window can listing as many symbols provided by your online broker or a few that are chosen by a trader. To save internet band-width, right-click inside the 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 gold trades, on this panel you can view your trading account balance, profit and losses statement, xauusd equity, margin used and also retrieve a copy of all your xauusd transaction history.

This also will list all open xauusd trade transactions & calculate all the profit & loss in real time as the instruments move up or downward.

7. Connectivity Bar

Red bars are for no connectivity, green bars show that there connectivity to the servers & trading orders can be set. These connection bars should always be green when one is logged into their MT4 demo xauusd account or MT4 real account.

The main areas form the MetaTrader 4 Platform Software interface and will be the main areas to be covered in detail in next learn xauusd MetaTrader 4 software guides. For now it is best to download MT4 software and familiarize yourself with the software interface.

Why Gold Software is Required for Opening Gold Quote Trade trades with Brokers

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

So why does a trader need a good platform:

To connect to the Server:

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

To analyze charts & gold instruments using technical analysis

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

How Do You Use XAUUSD MT4 Learn Platform Guide?

From the above MT4 platform inter-face, the summary of all information required by a trader is provided on this MetaTrader 4 platform interface

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

How Do You Use MetaTrader 4 Platform Course - Account MT4 Download

How Do I Use MT4 Software - Learn MT4 Guides - the MetaTrader 4 Platform Setup Guide