Introduction to MT4 Platform Interface

The following screenshot below shows the main MetaTrader 4 software interface. As a beginner trying to learn how to execute orders in the online market, the main tool for trading the xauusd market is the MetaTrader 4 platform software. This MT4 software is the software which you will connect to your broker with and execute trade transactions & monitor your trading account balance from this MT4 platform.

The XAUUSD MT4 software software is provided for free through the various xauusd broker websites. This MetaTrader 4 trading software looks like the xauusd example illustrated & explained below:

Main Areas of this MetaTrader 4 platform as illustrated above are:

1. MetaTrader 4 Navigation Menus
2. Toolbars
3. MT4 Gold Chart Window
4. MT4 Navigator Window Panel
5. MT4 Market Watch Window Panel
6. MT4 Terminal
7. MT4 Connection Bars

For this MT4 tutorial we shall look at a brief introduction for each of these learn gold Meta Trader 4 trading platform:

1. Navigation Menus

The Meta Trader 4 navigation menus are:

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

These are the main MetaTrader 4 navigation menus which can be used to navigate the MT4 platform. As a beginner trader you can start by clicking any of these MetaTrader 4 navigation menus so as to familiarize yourself with the various MetaTrader 4 buttons which are arranged as MetaTrader 4 sub-menus within these MetaTrader 4 navigation menus.

These Meta Trader 4 navigation menus will be described and covered in details in the next MT4 guides about navigation menus.

2. Tool-Bars

The MT4 tool bars are used to manipulate MetaTrader 4 charts, either by placing Meta Trader 4 technical indicators, MetaTrader 4 line studies, change MetaTrader 4 xauusd chart time frames and load MetaTrader 4 template from a list of saved MetaTrader 4 templates.

These MT4 toolbars will be discussed on other MT4 tutorials which will outline each MetaTrader 4 button on this MT4 tool-bar & how to add & customize these MT4 tool-bars.

3. Chart Window Panel

This MT4 chart window is the main area where MetaTrader 4 xauusd charts are displayed and one can analyze the trend direction of a MetaTrader 4 chart whether up or down, place MetaTrader 4 chart indicators for technical analysis & even place orders from these MetaTrader 4 xauusd charts.

4. Navigator

MT4 Navigator will contain data about MetaTrader 4 accounts, whether practice or real, this MetaTrader 4 window panel will also have a list of all MT4 indicators as well as MetaTrader 4 Gold Expert-Advisors & scripts.

A trader can select which MetaTrader 4 xauusd account to sign in by expanding the Accounts menu, choose a MetaTrader 4 indicator by expanding the MetaTrader 4 indicator menu or choose an MetaTrader 4 Gold Expert-Advisor by expanding the Expert-Advisor menu.

5. Market Watch

MT4 Market watch window panel is used to show streaming trading price quotes for MetaTrader 4 gold trading instruments. This can list as many quotes provided by your MetaTrader 4 broker or a few chosen by a trader. To save internet band-width, rightclick inside the MetaTrader 4 market watch window and select "Hide All", so as to hide the MetaTrader 4 symbols that you are not transacting on this MetaTrader 4 platform and save on inter-net bandwidth.

6. Terminal

This is MetaTrader 4 window that's like the bank account trade area for your MT4 trade transactions, on this MT4 window panel you can view your trading account balance, profit & losses statement, equity, margin used also retrieve a copy of all your Meta Trader 4 trade transactions history.

This MT4 window will also list all open trade transactions & calculate all the profit & loss in realtime as a charts move up or down.

7. Connection Bar

MetaTrader 4 connection bars - Red bars are for no connection, green bars show that there is connection to the servers & MT4 trade orders can be set. These MetaTrader 4 connection bars should always be green when one logged into their MT4 demo account or Meta Trader 4 live account.

These Meta Trader 4 trading software main areas form the MT4 platform interface & will be the main areas to be covered in detail in the next learn Meta Trader 4 tutorials. For now it is best to download MetaTrader 4 platform software & familiarize yourself with the MT4 platform inter-face.

Why XAUUSD Software is Required for Placing XAUUSD Trading Transactions with XAUUSD Trading Brokers

Gold platform is software that's used to access the xauusd market & analyze these xauusd trading price movements using charts and xauusd analysis tools. There are various reasons why one requires to use a good platform. A good gold software can determine if a as a trader you make profit or not.

So why does a trader need a good Platform:

To connect to the Broker Trading Server:

To place a trade order one needs to use a gold software which will connect to the trading servers of their broker and this will allow them to open and close trade orders. Good trading platforms will connect with ease to the brokers' servers & allow traders to place xauusd trade orders at any time from computer.

To analyze charts using trading analysis tools

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

From the above platform inter-face, the summary of all information required by a trader is provided on this MetaTrader 4 platform inter-face

• Connection - connection to the broker servers
• Charts - price graphs which show prices
• Tool Bars - tool-bars to add tools & technical analysis indicators on charts
• Market Watch - for displaying available instruments in MT4
• Data window - provides MetaTrader 4 trading account data & other indicator data
• Exchange rates - shows current market trading price on a chart
• Menu bar - Shows all menu items in MT4 platform