Trade Forex Trading

New Trader Wanting to Start XAUUSD

Let us say you are a new trader wanting to begin xauusd but you don't know what is xauusd or even how to xauusd trade. Well this guide will get you started explaining what you need to do before starting xauusd and tell you one or two things about how to trade.

first thing you need to know when it comes to how to xauusd trade are:

  1. Practice Account
  2. Platform
  3. Setting Up XAUUSD Lessons

By following these 3 steps then setting up how to xauusd trade becomes easy for you as a beginner.

Practice Demo Trading Account

The first time as trader you start doing some research about xauusd trading, you'll be so confused as trader that you do not even know where to start or what to begin with, even getting a demo xauusd account and the process of setting up this demo account will be confusing.

So to setup a practice account you will need to just follow these steps:

Step1: Find a good broker - XAUUSD Trading demo accounts are provided by brokers

Step2: Go to this broker and search for the link "Open demo xauusd account" or "Open Practice Account"

Step3: Once you as a trader press this type of link, you will then arrive at a page where the broker will ask you to fill your details so as to register for the demo xauusd account, The details and particulars are your name, phone contact and e mail & country.

Step4: Once you as a trader fill your details on this form click the register and sign up button, once you finish this registration your broker will then give you a 'username' for the account you have registered and a 'password' for the account. Along with this a broker will also provide a link where you as a Gold trader can download their platform. Click the link & download the trading platform.

Gold Platform

For this step you'll then install the platform software you've just downloaded.

To install software

  1. Go to download folder(to navigate to download folder, maximize the firefox web-browser panel & click keyboard shortcut keys CTRL+J, this will bring a pop up panel of the download folder)
  2. Double click the setup package of the software you've just downloaded.
  3. Follow the instruction by clicking 'accept' & then click 'next', 'next'…. Until you get to the 'finish' button key, then click finish button and your installation is complete.

To Open trade platform

  1. Navigate to desktop & look for the short-cut Icon for the platform, it should have the name or logo of the broker. Or you as a gold trader can go to "Start menu" bottom left corner of your comp and from the programs menu search for the name of the trading software.
  2. Once you Open the trading platform, then you need to sign in to your platform:
  3. To Log in
  4. Navigate to 'File' on the top left corner of the platform
  5. A drop-down menu will appear, from the option/choice look for 'login' click it
  6. A Username & Password Sign in window shows up, Input your password and username you got when you signed up with your broker.
  7. If you forget your username and password, open your e-mail account that you signed up with and you'll have gotten an E Mail from the broker where you as a Gold trader can refer the user-name & password logon details.
  8. After you've logged in to your account, now you're ready to learn how to xauusd trade & how to place trade positions using these trading software.

How Do I Trade with the xauusd Software

So as a beginner trader it may seem complex but let us just look at some pointers on how to xauusd trade this platform.

The first windows are market-watch this is simple straight forward window that display trading prices that you will be trading. You also can rightclick in any price feed for example any MT4 symbol to open a display of a chart like the one above, the chart you'll open, click open Chart.

The Data panel window will show data about you logged in account, and data of indicators such as shown in the above screen-shot.

The terminal will show account balance & all open trade, to expand this window, hover your mouse until the cursor pointer changes, then press and hold down mouse button & move the mouse up.

Then there is the menu bars, illustration File, View…. If for example you as a trader want to hide the market-watch window, click view & uncheck/untick the market-watch window, the market-watch panel will disappear. To make it appear again click view again, then check/tick marketwatch window, it will reappear. Each button on this menu is self explaining for example charts button is a button that manipulates the trading charts opened, changes time-frame, in general all about charts.

To learn the complete MetaTrader 4 software course go to MT4 XAUUSD Tutorial and About Platforms.

By now you already know how to trade and can even place a buy or sell gold trade on the platform software by right clicking anywhere on the chart window above, then press trading, then open a new buy or sell gold trade using the trading panel that pops and shows up.

But because you do not know when a trader buys or sells a instrument, & because you don't know how to xauusd trade with market orders, you need to learn just a few beginners xauusd tutorials to complete these how to xauusd trade guide, and because these guide can not fit on this page here are the links to these how to xauusd trade guides:

Putting Up XAUUSD Lessons

1.How to Begin trade for Beginner Traders an Online trade Lesson Tutorial

3.Online trade Tutorials & trade Education

4.Best XAUUSD trade Tutorials and Lessons and trade Training Made Easy

9.Benefits of Spot XAUUSD trade

12.Long and Short

13.Best XAUUSD trade Platforms/ Best XAUUSD trade Software

14.Live Account Types

15.trade Practice Accounts/ Practice Trading

16.How to Trade XAUUSD/ trade How to Trade XAUUSD trade

More Courses & Courses:

Forex Market Traders Seminar Gala

Forex Market Traders Seminar

XAUUSD Broker