Gold Software

The best gold trading trusted trading platform is the MT4 platform. 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 online broker.

In this learn MetaTrader 4 software tutorial we shall explain to you using examples the MetaTrader 4 Interface so that beginner traders wanting to start learning this Gold charting platform, then can start from this lesson.

Best Online Platform - MT4 Workspace - Gold Trusted Platforms

From above screen shot of this gold platform MT4 software there are several tool bars as well as chart window.

You can download this online trading platform from your online broker's website. Now after you download xauusd platform, then you'll need to learn 1 or 2 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 trading account you'll 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 click CTRL+J or CTRL+Y), a download pop up will then appear showing the links to the downloaded items. Choose 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 trading software will run automatically/mechanically like just any other software. Read guide How to install MT4 software.

You can open MetaTrader 4 software from the start menu>>> Programs or from the desktop short cut that appears as a desktop icon tagged MT4 after setup.

Demo Account Opening & Login

To open an account in MetaTrader 4 just click on "file" and then on open an account, to sign in to a trading account just press on "file" at the top right corner and click login from the drop-down menu which pops.

Once you login to the trading software you'll get access to charts and other analysis tools such as and like indicators that you will then use to place trade transactions within the market while linked to your broker's servers.

XAUUSD Platform Menu Bar and ToolBars

Menu Bar in MetaTrader 4 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 panel and even use the file tab to open a account - and also login 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 Fib 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 MetaTrader 4 platform.

Best Online Gold Software

Market Watch window - This window is used to display a streaming list of the exchange rates that is obtained from your trading 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 are only interested in a few trading instruments.

Data Panel - Used to set-up Trading Indicators, Expert Advisors and scripts, you as a trader can click on any of this menu sub items & expand/collapse the technical indicators or EAs used for automated trading.

Charts Panel - This is where the price moves 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 loses that you have made in your live xauusd account or demo gold trading account. To enlarge this panel & 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 are trading so as to explain if the exchange rate is going upward or downward.

Why MT4 is Best Trading Software

In the online trading market there are many platforms available on the internet. But among the top softwares best trading software is MetaTrader 4 platform, it is the best XAUUSD software because of following grounds:

Low Internet Bandwidth Connection Requirement

Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber connection: furthermore, these aren't readily available to some residential levels and might be limited to the office/commercial buildings. This is why it's best to choose a platform which requires the minimum bandwidth, the MetaTrader 4 software. Even with the best connection, sometimes the connection may not be available & you may need to use an alternative connection like the modem. MT4 software is the least expensive if you're on a modem. To even reduce further the inter-net band-width usage go to marketwatch (Short Cut press CTRL+M), RightClick on any trading instrument, Select "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 online broker without the need to learn a new trading platform software all over again.

Easy Analysis

The other thing which makes this the best trading platform is ease with which you as a trader can setup the trading analysis trading indicators on the trading charts. Even those using various web traders will do their analysis on MetaTrader 4 software & then place their orders on their web trader.

Technical traders can also install custom technical indicators on this software, making it easier to add more trading analysis tools onto this gold platform. Others also install EAs on this gold trading software so as to trade mechanically/automatically with these programs referred to 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 the best software for new and experienced traders.

According to trading 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 MT4 software - Gold Trusted Platforms - as it's the best platform software & it's very easy to learn.

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