Introduction to MT4 Interface

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

The Gold MT4 software is provided free through the different broker websites. This MT4 software looks like the illustration illustrated and shown below:

Main Areas of this MT4 software as is shown above are:

1. MT4 Navigation Menus
2. Tool-Bars
3. MT4 Chart Panel
4. MT4 Navigator Panel Window
5. MT4 MarketWatch WindowPanel
6. MT4 Terminal
7. MT4 Connection Bars

For this MT4 course we shall look at a brief intro 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 MetaTrader 4 navigation menus that can be used to navigate MT4. As a novice trader you as a gold trader can begin & start by clicking any of these MT4 navigating menus to familiarize yourself with different MetaTrader 4 button keys which are arranged as MT4 submenus within these MetaTrader 4 navigating menus.

These MT4 navigation menus will be discussed in details & particulars in the next MetaTrader 4 tutorials about navigating menus.

2. Tool Bars

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

These MetaTrader 4 tool bars will be explained on other MT4 tutorials that will explain each MetaTrader 4 button on this MT4 tool-bar and how to add and customize these MT4 tool-bars.

3. Chart Panel

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

4. Navigator

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

A trader can select and choose which MT4 trading account to sign in by expanding the Accounts menu, choose an MT4 indicator by expanding the MT4 indicator menu or choose & select an MT4 Gold EA 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 list as many quotes provided by your MT4 broker or a few selected by a gold trader. To save internet band-width, right-click inside the MetaTrader 4 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 MT4 software & conserve and save on internet band width.

6. Terminal

This is the MT4 panel that's like the bank trading account area for your MT4 trades, on this MT4 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 MetaTrader 4 trades history.

This MT4 panel window will also list all open trade positions and calculate all the profit and loss on 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's connection to the servers and MetaTrader 4 orders can be set. These MT4 connection bars should always be green when a trader is logged into their MT4 demo xauusd account or MT4 real account.

These MT4 software main sections form the MT4 platform interface & will be the main levels to be discussed in detail in the next learn MT4 guides. For now it's best to download MT4 software and accustom yourself with MT4 software inter-face.

Why Platform is Required for Placing XAU USD 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 earn a profit or not.

So why does one need a good software:

To connect to the Broker Server:

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

To analyze xauusd/gold 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 like price charts, technical indicators and various different time-frames from which one can analyze price movements using the time-frames of their choice.

From the above xauusd/gold software platform work-space, the summary of all info required by a trader is provided on this MT4 platform interface

• Connection - connection to the broker servers
• Charts - price graphs which show gold prices
• Toolbars - toolbars to add tools & technical analysis indicators on charts
• Market-Watch - for showing available instruments on the MT4
• Data panel window - provides MT4 account data & other technical indicator data
• Exchange rates - shows current market price on a gold chart
• Menu bar - Shows all menu items in MT4 Software Platform

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