Gold Trading Account MT4 Download
To start gold trading with MT4 platform, you need to follow steps listed below:
Gold Account MT4 Download
Setup MT4 Gold Platform on Your PC. Open a xauusd trading account on the MT4 platform. Log in to the MT4 Gold Trading Account with your xauusd trading account login credentials Open Gold Charts and place Gold Trades using MT4 Platform.
Gold Trading Account MetaTrader 4 Download
After you Download MT4 Gold Trading Platform from your gold broker you will then need to open a MT4 Gold Trading Account to trade with.
How to Open a Demo Account using MT4 XAUUSD Trading Platform
- Download MT4 Gold Platform - MetaTrader 4 Platform.
- Setup MetaTrader 4 Platform.
- Open the MT4 Platform.
- Enter the Log in Details: Account Name & Password for the Demo Trade Account
- Open Gold Charts & begin practice trading.
- If you do not have a gold trading practice account you can sign up for a demo trade account using File menu, Click New Practice Account Registration and enter your details and sign up for an MT4 xauusd trading account.
How to Open a Real Account in MT4
- Download MT4 Gold Trading Platform
- Setup MT4 Gold Trading Platform on your PC Computer.
- Open the MT4 Gold Trading Platform on your PC Computer.
- Click on the File Menu and Select Open an Account.
- Select The Real Trading Account Option.
- Fill in the real gold trading account opening form.
- Enter you xauusd account sign in credentials for the Demo practice account.
- Trade Gold Trading from the free MetaTrader 4 gold charts provided.
MT4 XAUUSD Software Introduction Guide
The following image below shows the main MetaTrader 4 platform inter-face. As a beginner trader trying to learn how to execute gold orders in the online gold market, the main tool for trading the online gold market is the MetaTrader 4 platform software. This is the software that you will connect to your online xauusd trading broker and execute gold trade transactions & monitor your gold trading account balance from this xauusd MT4 platform software.
The MT4 platform is provided for free through the various xauusd broker websites. This MT4 platform looks like the xauusd trading example illustrated and explained below:
Trading XAUUSD Get Started with Gold Trading MT4 Platform? - Gold Account MetaTrader 4 Download
Main Areas of this MT4 software as displayed above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator Window
- Market Watch Window
- Terminal Window
- Connection Bars
For this MetaTrader 4 platform guide we shall look at a brief introduction for each of these how to use MT4 platform guides:
1. Navigation Menus
The navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These are main navigation menus which can be used to navigate MetaTrader 4 platform. As a gold beginner trader you can start by clicking on any of these navigation menus to familiarize yourself with various buttons that are arranged as sub-menus within these navigation menus.
These navigation menus will be explained in details in the next MT4 software tutorial for gold novice traders about navigation menus.
2. Tool-Bars
This how to trade in MT4 explains the tool bars are used to manipulate trading charts, either by placing indicators, line studies, change xauusd chart time frames and load an MT4 template from a list of saved templates.
These tool-bars will be discussed on other how to use MT4 platform guides which will outline each button on this toolbar & how to add and customize these tool-bars.
3. Chart Window Panel
This is the main area where xauusd charts are displayed and a trader can analyze the gold trend direction of a gold chart whether up or down, place indicators on gold charts for technical analysis and even place orders from these xauusd charts.
4. Navigator
Navigator MT4 platform tutorial will contain information about xauusd accounts, whether practice MT4 gold account or real MT4 xauusd trading account, this window will also have list of all the MT4 indicators as well as Expert-Advisors & scripts.
A trader can select which xauusd account to login to by expanding the Accounts menu, choose an technical indicator by expanding the indicator menu or select an Expert Advisor by expanding the Expert Advisor menu.
5. Market Watch
Market watch xauusd MT4 tutorial - Market watch is used to show streaming quotes for gold. This panel can list as many quotes provided by your gold broker or a few that are selected by a trader. To save internet bandwidth, right click inside the xauusd market watch window panel & select 'Hide All', so as to hide the trading instruments that you are not trading & save on internet bandwidth.
6. Terminal
This is the panel that's like the bank account trade area for your gold trade transactions, on this window panel you can view your balance, profit & losses statement, equity, margin used also retrieve a copy of all your gold trading transactions history.
This will also list all open gold trade transactions & calculate all the profit & loss in realtime as the xauusd prices move in an upwards or downwards direction.
7. Connection Bar
Red bars are for no connectivity, green bars show that there is connectivity to the servers & gold trade orders can be set. These connection bars should always be green when one is logged into their MT4 demo gold account or MT4 live trading account.
These main areas form the MT4 Gold Trading Platform interface & will be the main areas to be covered in detail in the next learn gold trading MT4 platform tutorials. For now it's best to download MT4 platform and familiarize yourself with the software interface.
Why XAUUSD Software is Required for Placing XAUUSD Trade trade transactions with Brokers
Gold software is software that is used to access the xauusd market and analyze these xauusd price movements using technical analysis gold charts. There are various reasons why a trader requires to use a good gold platform. A good gold software can determine if a as a trader you make a profit or not.
So why does a trader need a good XAUUSD Platform:
To connect to the Trading Server:
To place order a trader needs to use a gold software which will connect to the trading servers of their xauusd trading broker & allow them to open & close orders. Good gold trading platforms will connect with ease to the brokers' servers and allow traders to place orders at any time from their computer.
To analyze xauusd charts using technical analysis
To open buy or sell order a trader needs to first interpret the direction of gold. This is why all good gold softwares provide technical gold trading tools such as xauusd price charts, technical indicators & various different chart time-frames from which a trader can analyze xauusd price moves using the chart timeframes of their choice.
How to Use MT4 Gold Software Tutorial - Gold Account MetaTrader 4 Download
From above MT4 platform interface, the summary of all data required by a trader is provided on this MetaTrader 4 platform interface
- Connection - connection to the broker servers
- Charts - price graphs which display xauusd prices
- Toolbars - tool bars to add technical analysis tools & technical analysis technical indicators
- Market Watch - for displaying available financial instruments
- Data window - provides account data & other indicator data
- Exchange rates - shows current market xauusd price on a xauusd chart
- Menu bar - Shows all menu items on the platforms
How to Use MT4 Gold Software Tutorial - Gold Account MetaTrader 4 Download
