Introduction to MetaTrader 5 Interface

The following screen shot below shows the main MetaTrader 5 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 xauusd market is the MT5 platform software. This MT5 platform is the software that you will connect to your xauusd broker with & execute xauusd trade transactions and monitor your xauusd MT5 account balance from this MT5 platform.

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

Main Areas of this MetaTrader 5 platform as illustrated above are:

1. MT5 Navigation Menus
2. Toolbars
3. MT5 Gold Chart Window
4. MT5 Navigator Window
5. MT5 Market Watch Window
6. MT5 Terminal
7. MT5 Connection Bars

For this MT5 tutorial we shall look at a brief introduction for each of these learn xauusd MetaTrader 5 Platform:

1. Navigation Menus

The MT5 navigation menus are:

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

These are the main MT5 navigation menus that can be used to navigate the MetaTrader 5 software. As a beginner trader you can start by just clicking any of these MT5 navigation menus to familiarize yourself with the various MT5 buttons that are arranged as MT5 sub menus within these MT5 navigation menus.

These MetaTrader 5 navigation menus will be discussed in details in the next MT5 guides about navigation menus.

2. Tool-Bars

The MetaTrader 5 toolbars are used to manipulate MT5 xauusd charts, either by placing MT5 indicators, MT5 line studies, change MT5 xauusd chart timeframes and load MT5 chart template from a list of saved MT5 chart templates.

These MetaTrader 5 tool-bars will be discussed on other MT5 guides which will outline each MT5 button on this MT5 tool-bar & how to add & customize these MT5 tool-bars.

3. Chart Panel

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

4. Navigator

MT5 Navigator will contain information about MT5 trading accounts, whether practice or real, this MT5 window will also have a list of all the MT5 indicators as well as MT5 Automated Gold Expert Advisors & scripts.

A trader can select which MetaTrader 5 account to login by expanding the Accounts menu, choose an MT5 indicator by expanding the MT5 indicator menu or choose an MT5 Automated Gold Expert Advisor by expanding the Automated Gold Expert Advisor menu.

5. Market Watch

MT5 Market watch is used to show streaming xauusd quotes for MT5 xauusd. This can list as many quotes provided by your MT5 xauusd broker or a few selected by a trader. To save inter net bandwidth, right click inside the MT5 market watch window and select "Hide All", so as to hide the MT4 symbols that you are not transacting on this MT5 XAUUSD Platform and save on internet band width.

6. Terminal

This is the MT5 window that is like the bank MT5 account transaction area for your MT5 xauusd trade transactions, on this MT5 window you can view your MT5 account balance, profit & losses statement, equity, margin used also retrieve a copy of all your MT5 xauusd trade transactions history.

This MT5 window will also list all open xauusd trade transactions & calculate all the profit & loss in real-time as the gold charts move up or down.

7. Connection Bar

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

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

Why XAUUSD Software is Required for Placing xauusd Transactions with XAUUSD Brokers

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

So why does a trader need a good XAUUSD platform:

To connect to the XAUUSD Broker Trading Server:

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

To analyze xauusd charts using trading analysis tools

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

From the above xauusd platform interface, the summary of all information required by a trader is provided on this MetaTrader 5 XAUUSD Platform interface

• Connection - connection to the broker servers
• Charts - price graphs which display gold prices
• Toolbars - MT5 tool bars to add tools and xauusd technical analysis indicators on gold trading charts
• Market Watch - for displaying available financial instruments on MT5
• Data window - provides MT5 account information & other indicator data
• Exchange rates - shows current market gold price on a xauusd chart
• Menu bar - Shows all menu items on the MT5 Platform