Brokers and Online Gold Trading Platforms List

The Online gold market, being one of the liquid financial market means that traders can enter the market anytime they want and place their trades.

Decreased requirements to trade the market, high speed internet & the advances in communications technology are all responsible for having driven this market to where it's today. These changes took the market from being limited to large financial institutions and multinational companies to the point which ordinary traders can now trade & participate in one of the largest financial market in globe through Online Trading networks or what's called the inter-bank market.

Because of this new clientele, online gold brokerage firms began improving their services and accessibility. Different platforms suitable for different types of gold traders have been designed to meet the needs of this new market. With accessible online gold trading platforms & software that is constantly being improved, brokers are finding that popularity of market is rapidly growing.

Many Online Brokers feature Micro trading accounts. These accounts allow their clients to register & open a trading account with a minimum margin of $5.

If you are interested in opening a trading account, first thing that you will need is a PC computer with a highspeed internet connection. Highspeed inter net connectivity is important for an effective trade to work. You need for your trading orders to be processed quickly.

Next, you'll need to choose a gold brokerage company, the company should provide you with a trading platform to use. The trading platform is simply a software program that is essential to connect to the market. You download it to your computer and use it.

It is important that you select a platform that you are comfortable using.

• It must provide real time data that is accurate & up-to-date.
• It must be secure, and stable.
• It should have charting tools to perform technical analysis
• It should also have a feature which will allow you to store your trades history
• You should be able to execute orders with ease
• Easy to learn with

With all the features, you can really improve the way you trade in market and also minimize the risk of losing money.

Consider opening a practice gold trading account, which is a practice account. This will allow you to try out the gold trading platform & market without risking any real money. By practicing with practice account, you allow yourself time to decide if this is actually the program which you'd like to use.

Brokers

STP stand for Straight Through Processing Network. With an STP you will be directly connected to the inter bank network through the Straight Through Processing Network.

MetaTrader 4

The Best Platform

Most traders will generally favor using an STP Broker because it is much easier to place transactions on STP execution

Traders who participate in Gold are investors who want to make profit by buying trading instruments that are appreciating in value & selling the ones that are depreciating. To trade Gold online, a trader needs to open a trading account with a broker and deposit money to facilitate online Gold transactions.

Brokers offer online platforms that are designed to stream live price quotes to their clients (speculators) so that speculators can instantly execute trades.

Once one selects a trading broker, they then download their platform, install it on a computer with an internet connection. Then open an account and sign in to the trading platform to receive streaming quotes of prices. This streaming date is graphically drawn on a grid forming what is known as the Gold charts. The trader can then place trades through this software platform provided. Brokers also offer Free Gold Demo Accounts which are free practice trading accounts that beginner traders can practice gold trading with.

trades can not be made directly on the online gold market, and can only be set through an online trading broker, connected to the inter network of other banks, this is the network of banks used to facilitate xauusd trading.

The most favored Trade software is known as MT4 Trading Software (or MetaTrader 4), MetaTrader 4 platform is very easy to learn & has some of the best charts and this Metaquotes MT4 charting package comes with Indicators for analysis of charts.

Many Gold Traders agree that the best gold trading platform online is MetaTrader 4 software. When doing gold trading platform comparison most online gold traders compare other softwares as full of bugs, with a poorly designed user interface that is hard to use & navigate with, and sub-standard technical analysis gold tools to select from.

Most gold trading Brokers have even switched to MetaTrader 4 platform after facing pressure from their traders to implement this online gold trading software. Some gold brokers opting to offer a choice between, their own gold software & also MetaTrader 4 platform, among other trading platforms like Currenex.

MT4 Trading Platform

The MetaTrader 4 is a software for trading the online financial markets. The MT4 platform has versions for both gold trading platforms for PC computers & trading platforms for phone apps. The MetaTrader 4 platform is a gold trading tool used by online traders to get access to the market, interpret price charts and place gold orders through to their gold brokers using MT4 platform. The MT4 platform is owned by the broker from where you can download it for free from their site.

Key features of MetaTrader 4 Trading Software - Desktop Version are:

• Extremely Fast Execution.
• Real time summary of client‘s order, account equity, floating profit & loss
• Chart based Click Transaction via MT4.
• Market Analysis Tools & Technical Analysis Tools - technical indicators
• Automated coding language & Expert Advisors (Expert Advisor).
• Daily Account Trading Statement Sent to Clients Email
• Complete technical analysis package, with wide range of built in indicators and charting tools.
• Multilingual user inter-face - English, Arabic, German, Spanish, French, Chinese, Russian

These features make MT4 the most favored software.

As a trader you can download MT4 Trading Platform & practice trading with these Gold tools on a practice trading account.

MT4 Mobile Software Edition

Trading on your mobile allows you to manage your trading account from your portable phone device, whether it's your smart-phone or your Pocket PC. Mobile platforms offer a convenient way to keep a tab on your gold trading account when you do not have access to your desktop PC. From your phone gold trading platform you can keep up with the market movements, analyze the movements and adjust your orders from the mobile phone. With mobile phone you can access financial markets from anywhere.

MT4 Mobile Platform

• Full features for management of accounts.
• Accessible from any location globally
• charts
• 30 indicators - MT4 indicators
• Support all types of orders
• Financial market news
• VGA mode support.

MT4 Mobile (Smartphone Edition)

• Full features for management of accounts.
• Accessible from any location globally
• charts
• Technical technical indicators - MT4 indicators
• Supports all types of orders.
• Financial market news

The MT4 Mobile platform - Smartphone Edition is the mobile trader for smart phones operating under the MS Windows Mobile.