Introduction to MT4 Interface

The following screenshot below indicates the main MetaTrader 4 software inter-face. As a beginner trying to learn how to execute gold orders in the online xauusd market, the main tool for trading the market is the MetaTrader 4 software software. This MetaTrader 4 software is the trading platform that you'll connect to your xauusd broker with & execute trade transactions and monitor your xauusd account balance from the MT4.

The Gold MetaTrader 4 software is provided free through the different broker websites. This MetaTrader 4 software looks like the illustration illustrated below:

Main Areas of this MetaTrader 4 software as is shown above are:

1. MT4 Navigation Menus
2. ToolBars
3. MetaTrader 4 Chart Panel
4. MetaTrader 4 Navigator Window Panel
5. MT4 Market Watch WindowPanel
6. MT4 Terminal
7. MetaTrader 4 Connection Bars

For this MetaTrader 4 guide we shall look at a brief introduction for each of the learn xauusd Meta Trader 4:

1. Navigation Menus

The MetaTrader 4 navigation menus are:

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

These are the main MT4 navigation menus that can be used to navigate MT4. As a beginner you as a gold trader can begin by clicking any of these MetaTrader 4 navigating menus to familiarize yourself with different MetaTrader 4 button keys which are arranged as MT4 submenus within these MetaTrader 4 navigating menus.

These MetaTrader 4 navigation menus will be discussed in details & particulars in the next MetaTrader 4 lessons about navigating menus.

2. Tool Bars

The MT4 tool-bars are used to manipulate MT4 charts, either by placing MT4 technical indicators, MetaTrader 4 line studies, change MT4 chart time-frames & load MetaTrader 4 template from a list of saved MetaTrader 4 templates.

These MetaTrader 4 tool-bars will be discussed on other MT4 tutorials that will outline each MT4 button on this MetaTrader 4 toolbar and how to add and customize these MetaTrader 4 tool bars.

3. Chart Panel

This MT4 chart window is the main area where MetaTrader 4 charts are shown & one can analyze & interpret the trend direction of a MT4 chart whether up/down, place MT4 chart technical indicators for trading analysis and even place orders from these MetaTrader 4 charts.

4. Navigator

MT4 Navigator will contain information about MetaTrader 4 accounts, whether practice demo or real, this MetaTrader 4 window will also have a list of all the MT4 indicators and also MT4 Gold Expert Advisors & scripts.

A trader can select which MT4 trading account to login by expanding the Accounts menu, choose an MT4 indicator by expanding the MT4 indicator menu or choose an MT4 Gold Expert-Advisor by expanding the Expert-Advisor menu.

5. Market Watch

MT4 Market Watch panel is used to show realtime price quotes for MT4 xauusd. This can listing as many trading symbols provided by your MT4 broker or a few selected by a gold trader. To save internet band-width, rightclick inside the MT4 market watch window and select and choose 'Hide All', to hide the MetaTrader 4 symbols that you as a trader are not trading/transacting on this MetaTrader 4 software & conserve and save on internet band width.

6. Terminal

This is the MetaTrader 4 panel that's like the bank trading account area for your MT4 trades, on this MetaTrader 4 panel window window you as a Gold trader can view your account balance, profit & losses statement, equity, margin used & also generate a copy of all your MT4 trade transactions history.

This MetaTrader 4 panel will also list all open trade positions & calculate all the profit and loss in real time as the charts move upward/downward.

7. Connection Bar

MT4 connection bars - Red bars are for no connection, green bars show that there is connection to the servers & MetaTrader 4 trade orders can be set. These MetaTrader 4 connection bars should always be green when a trader is logged into their MT4 demo xauusd account or MT4 live account.

These MetaTrader 4 software main sections form the MT4 software interface & will be the main levels to be discussed in detail in the next learn MetaTrader 4 tutorials. For now it is best to download MetaTrader 4 software and accustom yourself with MetaTrader 4 software inter-face.

Why Platform is Required for Placing XAUUSD Transactions with Brokers

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

So why does one need a good software:

To connect to the Online Broker Server:

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

To analyze xauusd charts using technical analysis tools

To open a buy/sell xauusd order a trader 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 and like price charts, indicators & various different time-frames from which one can analyze price movements using the time-frames of their choice.

From the above xauusd software work-space, 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 show gold prices
• Toolbars - toolbars to add tools & technical analysis technical indicators on charts
• Market Watch - for displaying available instruments on MT4
• Data panel - provides MetaTrader 4 account data & other technical indicator data
• Exchange rates - shows current market price on a gold chart
• Menu bar - Shows all menu items on MetaTrader 4

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