Online Gold CFDs and Gold CFD Meaning - How to Trade Gold Online with MT4 and MT5 Platform
Online Gold are traded as CFDs - Contracts for Difference
Traders use CFD derivatives trading financial instruments to trade the underlying price of Gold
Contracts for Difference or CFD means that in online Gold traders buy contracts or sell contracts for an amount of Gold. The amount of Gold is known as 1 lot or 1 Contract.
When traders buy CFDs on Gold assets - it means that the traders do not actually own the stock as there is no physical transfer of the Gold from the seller to the buyer.
The traders instead buy or sell contracts in the Online CFDs trading market & make profits based on the underlying stocks price movement.
CFDs on Gold are used to trade prices of fast moving Gold in the online global financial markets.
Can You Trade Gold with MetaTrader? - Can You Trade Gold CFDs with MetaTrader?
The Gold CFDs are Provided for trading by online brokers as Gold CFDs Quotes in MT4 & MetaTrader 5 platforms. Online traders can open these Gold CFDs symbols on the MT4 and MT5 platform and then open the Gold CFDs charts & place orders in the online Gold CFDs trading market from their MT4 or MT5 platform charts.
To open a Gold CFDs trade on the MT4 or MT5 platform you can open the Gold CFDs symbol, then open the Gold CFDs chart on the MT4 or MT5 platform and then place an order to buy/sell the CFD from the Gold CFDs Charts.
You also can use the MT4 and MT5 "Order Window" From the MT4 'Tools' Menu or MT5 'Tools' Menu and after selecting the new order specify the symbol to trade as Gold CFDs symbol that you want to open a trade for and then select the buy button to open a buy trade or sell button to open a sell trade.
How to Place New Gold CFDs Order in Tools Menu on MT4 and MetaTrader 5
A new order to buy/sell Gold CFDs can be found on the MT4 tools menu and MT5 tools menu within the MT4 Gold CFDs Trading Platform & MT5 Gold CFDs Trading Software. The button for placing a new Gold CFDs trade is portrayed below. ( Short Cut Keys 'F9')
How Do I Set New Gold CFDs Order in Tools Menu on MT4 & MetaTrader 5 Gold CFDs Platform
Placing a New Order - Gold CFDs Trading on MT4 & MetaTrader 5 Platform
As a Gold CFDs trader, once you select the new order button as shown above the following popup window will appear. This pop up includes settings for placing a new Gold CFDs trade.
Setting a New Order - Gold CFDs Trading on MT4 & MetaTrader 5 Platform - Gold CFDs Trade on MT4 and MT5 Platform
