Gold Software
The best gold trading trusted trading platform is the MetaTrader 4 software. This gold trading software is one of the most common gold software which is used by almost every other trader & also by practically about almost every broker.
In this learn MT4 software tutorial we shall explain to you using examples the MT4 Interface so that beginners wanting to start learning this Gold charting platform, then can start from this lesson.
Best Online Platform - MT4 Work Space - Gold Trusted Platforms
From above screen shot of this gold platform MT4 platform there are several tool bars as well as chart window.
You can download this online platform from your online broker's website. Now after you download xauusd platform, you will then need to learn a few things about this gold trading software:
First thing is how to setup this gold trading software after you download. For example illustration if you download the MetaTrader 4 software, you will need to go to a broker first, register for a trading practice account then after you register for a practice demo account you will be provided with a link where to download MT4 software.
Once you download this gold platform, guessing you don't know much about Desktop computers, Launch your Browser >>> Go to tools on the top left corner of your web browser next to the "file", "edit", "view" & click on tools, select download file place, (shortcut: once you open your web browser keyboard short-cut CTRL+J or CTRL+Y), a download pop up will then appear showing the links to the downloaded items. Choose and Select the trading platform which you've just downloaded.
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To set-up this platform after you've downloaded, launch the downloaded file from where you've downloaded, from there an installation pop-up wizard pops up & all you have to do is to follow the setup instructions. After setup the software will run automatically/mechanically like just any other software. Read tutorial How to install MT4 software.
You can open MT4 software from the start menu>>> Programs or from the desktop short cut which appears as a desktop icon tagged MetaTrader 4 after setup.
Demo Trading Account Sign Up & Login
To open an account on MT4 Software Platform just click on "file" and then on open an account, to sign in to a trading account just click on the "file" menu at the top left corner and click login from the drop down menu which pops.
Once you login to the software you'll get access to charts and other technical analysis tools like indicators that you will then use to place trades within the market while linked to your online broker's servers.
XAU/USD Platform Menu Bar and ToolBars
Menu Bar in MT4 for Navigating within the Software
Menu bar is used to operate and navigate this gold trading software from one panel. From this panel you as a trader can set how to view tool bars, chart, data window & even use the file tab to open a account - and also login and sign in to your software account.
From the menu bar you as a trader can click on view tab & choose toolbars like in the above illustrated screenshot image, these menu bars can be used to set up software charts, indicators, timeframes, and others things like drawing trend lines and Fibonacci retracement areas and Fibonacci extensions. To learn and know how to customize the gold platform software navigate to this MT4 Software Lesson Section.
Now that we have looked at the tool bar and menu bar, we will look at the main work-space interface of the MT4 software.
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Market Watch window - This window is used to display a streaming list of the exchange rates that is obtained from your broker. In this market watch panel you as a trader can right click anywhere on this panel to choose show all trading financial instruments or hide the ones you're not interested in and save some band-width at the same time. No need to have prices for 50 trading instruments if you're only interested in a few instruments.
Data Panel - Used to set-up Trading Indicators, EAs and scripts, you as a trader can click on any of the menu sub items & expand/collapse the technical indicators or EAs used for automated trading.
Charts Window - This is where price moves & heads will be drawn.
Charts Tab - Navigation from one financial instrument to the other is easy, just flip through the charts tab such as shown above.
Terminal - This window panel is used to show a statement of your trades, profits and losses that you've made in your live xauusd account or demo gold trading account. To enlarge this panel and view the open trade positions, just hover mouse on the terminal panel tool-bar until the cursor changes, click and hold down the mouse button & then move cursor upwards.
Connection bars - These are used to show online connection to the internet, red bars mean no online internet connection, green bars explain there net connectivity.
Exchange Rates Graph - this shows the exchange rates for gold that you're trading so as to explain if the exchange rate is going upward or downward.
Why MT4 is Best Platform
In the online market there are a lot of softwares available on the internet. But among the top softwares best trading software is MT4 software, it is the best XAU/USD software because of following grounds:
Low Internet Bandwidth Connection Requirement
Not everybody can afford to pay for the best internet connection, satellite connection, the T1 connection or Fiber connection: furthermore, these aren't readily available to some residential areas and might and may be limited to the office/commercial buildings. This is why it is best to choose and select a software which requires the minimum band-width, the MetaTrader 4 software. Even with the best connection, sometimes the connection may & might not be available & you may & might need to use an alternative connection like the modem. MT4 software is the least expensive if you are on a modem. To even reduce further the inter-net band-width usage go to marketwatch (Short Cut press CTRL+M), Right-Click in any instrument, Select and Choose "Hide all", now the platform only will stream the price quotes for the pairs you only need & conserve your band width even further. Especially when using a phone or i Pad or a Tablet where you're paying for phone credit data this can save your credit. This is one of the reason why MetaTrader 4 software is considered as one of the best platforms online.
The easier it is to connect the easier it is open and close trades on time.
Provided by all Online Brokers
Another reason why this Gold software is regarded as one of the best software is because MetaTrader 4 is liked by most traders all online brokers provide it. Once as a investor learns the MetaTrader 4 software there is no need for you to re-learn a new trading software platform when you switch to another xauusd broker. You can still use the same MT4 of the new broker without the need to learn a new platform software all over again.
Easy Analysis
The other thing which makes the best trading platform is ease with which you as a trader can setup the analysis trading indicators on the trading charts. Even those using various web traders will do their analysis on MT4 software & then place their orders on their web trader.
Technical traders can also install custom indicators on this software, making it easier to add more analysis tools onto this gold platform. Others also install EAs on this gold trading software so as to trade mechanically/automatically with these programs known as EA Bots.
Best Charts
The MetaTrader 4 has the best charts representations available and implements many chart timeframes from which a investor can choose.
Simplicity
Overall the simplicity of this gold platform software & the fact that any investor can learn how to use MetaTrader 4 software within one hour makes this best platform for new & experienced traders.
According to software reviews of the top softwares MT4 is the best xauusd trading software - Gold Trusted Softwares MetaTrader 4 Platform Softwares. Hence, traders looking for what is the best gold software can start trading with the MetaTrader 4 platform - Gold Trusted Platforms - as it is the best platform software & it's very easy to learn.
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