MT5 Gold Trading Setup

How Do I Use MT5 Learn XAUUSD Trading Platform Tutorial?

To start gold trading with MT5 software, you need to follow the steps listed below:

Download MT5 XAUUSD Platform

Install MT5 Gold Platform on Your PC. Open a xauusd trading account in MT5 software. Log in to MT5 Gold Trading Account with your xauusd trading account sign in details Open Gold Charts and place Gold Trades using the MT5 Platform.

Trading XAUUSD Open a MT5 XAUUSD Trading Account

After you Download MT5 Gold Platform from your gold broker you will then need to open a MT5 Gold Trading Account to trade with.

Trading XAUUSD Open a Demo Account using MT5 XAUUSD Platform

1. Download MT5 Gold Platform - MT5 Platform.
2. Install MT5 Platform.
3. Open MT5 Platform.
4. Enter the Log in Details: Account Name & Password for the Demo Trade Account
5. Open Gold Charts & start practice trading.
6. If you do not have a gold demo account you can register for a demo trade account using File menu, Click New Demo Account Registration and enter your details and sign up for an MT5 xauusd trading account.

Trading XAUUSD Open a Real Account on MetaTrader 5

1. Download MT5 Gold Platform
2. Setup MT5 Gold Platform on your PC Computer.
3. Open MT5 Gold Platform on your PC Computer.
4. Click on the File Menu and Choose Open an Account.
5. Choose The Real Trading Account Option.
6. Fill in the real gold trading account opening form.
7. Enter you xauusd trading account sign in credentials for the Demo practice account.
8. Trade Gold from the free MT5 gold charts provided.

MT5 Gold Platform Introduction Tutorial

The following screen shot below shows the main MT5 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 MT5 software software. This is the software which you will connect to your online gold broker and execute xauusd trades and monitor your gold trading account balance from this MT5 platform software.

The MT5 platform is provided for free through the various XAUUSD broker web sites. This MT5 software looks like the xauusd example illustrated & explained below:

How to Setup Gold Trading MT5 Software - How to Setup MT5 Gold Platform - MT5 Gold Trading Setup

Main Areas of this MT5 software as illustrated above are:

1. Navigation Menus
2. Toolbars
3. Chart Window
4. Navigator Window
5. Market Watch Window
6. Terminal Window
7. Connection Bars

For this MT5 tutorial we shall look at a brief introduction for each of these how to use MetaTrader 5 lessons:

1. Navigation Menus

The navigation menus are:

1. File
2. View
3. Insert
4. Charts
5. Tools
6. Window
7. Help

These are the main navigation menus which can be used to navigate the MT5 software. As a gold beginner you can start by just 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 discussed & explained in details in the next MT5 guide for beginners about navigation menus.

2. Tool-Bars

This how to trade in MT5 explains the tool bars are used to manipulate trading charts, either by placing indicators, line studies, change gold chart time frames and load an MT5 template from a list of saved templates.

These MT5 gold tool bars will be discussed on other how to use MT5 gold tutorials which will outline each button on this tool bar and how to add and customize these toolbars.

3. Chart Window Panel

This is the main area where gold charts are displayed and a trader can interpret the market trend direction of a gold chart whether up or down, place MT5 indicators in MT5 gold charts for technical analysis & even place orders from these xauusd charts.

4. Navigator

Navigator MT5 tutorial will contain information about xauusd accounts, whether practice MT5 gold trading account or real MT5 xauusd trading account, this window will also have a list of all the MT5 indicators as well as Expert-Advisors & scripts.

A trader can select which Gold account to login to by expanding the Accounts menu, choose an technical indicator by expanding the technical indicator menu or choose an EA by expanding the Expert Advisor menu.

5. Market Watch

Market watch xauusd MT5 tutorial - Market watch is used to show streaming quotes for instruments. This window can list as many quotes provided by your XAUUSD broker or a few that are selected by a trader. To save inter-net bandwidth, right click inside the xauusd market watch window and choose "Hide All", so as to hide the trading instruments that you're not trading and save on inter-net bandwidth.

6. Terminal

This is the panel that is like the bank account trade area for your gold trades, on this window you can view your gold trading account balance, gold profit & losses statement, gold trading equity, gold margin used also retrieve a copy of all your gold trading transactions history.

This will also list all open xauusd trades and calculate all the profit and loss in realtime as a xauusd price move up or down.

7. Connection Bar

Red bars are for no connectivity, green bars show that there's connectivity to the servers & gold trade orders can be placed. These connection bars should always be green when one is logged into their MT5 demo gold trading account or MetaTrader 5 live xauusd trading account.

These main areas form the MetaTrader 5 Gold Trading Platform interface & will be the main areas to be covered in detail in the next learn MT5 platform tutorials. For now it is best to download MT5 software & familiarize yourself with the software interface.

Why Gold Software is Required for Placing XAUUSD Quote Trade trades with Brokers

Gold platform is software that is used to access the xauusd market & analyze xauusd price movement using technical analysis gold charts. There are various reasons why a trader requires to use a good gold platform. A good gold software can ascertain 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 one needs to use a gold software which will connect to the trading servers of their broker & allow them to open & close trade orders. Good gold trading platforms will connect with ease to the brokers' servers & allow xauusd traders to place orders at any time from computer.

To analyze xauusd charts using technical analysis

To open buy or sell order one needs to first interpret direction of a gold. This is why all good gold platforms provide technical gold trading tools such as xauusd price charts, indicators & various different chart time-frames from which a trader can analyze xauusd price moves using the chart timeframes of their choice.

Learn MT5 Gold Tutorials

From the above MT5 platform inter-face, the summary of all information required by a trader is provided on this MetaTrader 5 software interface

• Connection - connection to the broker servers
• Charts - price graphs which display xauusd prices
• Tool bars - toolbars to add technical analysis tools & technical analysis technical indicators
• Market Watch - for displaying available trading instruments
• Data window - provides account data & other indicator data
• Exchange rates - shows current market xauusd price of a xauusd trading instrument
• Menu bar - Shows all menu items on the platforms

How Do You Use XAUUSD MT5 Platform Tutorial - Gold Account MetaTrader 5 Download

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