Gold MT4 Dashboard

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

The MetaTrader 4 platform software is offered for free through the different broker web sites. This MetaTrader 4 looks like the trading example shown & explained below:

Main Areas of this MetaTrader 4 as illustrated and shown above are:

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

For this MetaTrader 4 platform software tutorial we shall look at a brief introduction for each of the learn gold MT4 platform:

1. Navigation Menus

The MetaTrader 4 navigating menus are:

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

These are the main MetaTrader 4 platform software navigation menus that can be used to navigate MetaTrader 4 platform software. As a beginner trader you can start by clicking any of these MetaTrader 4 platform software navigation menus in order and so as to familiarize yourself with various MetaTrader 4 buttons which are arranged as MetaTrader 4 submenus within these MetaTrader 4 navigating menus.

These MetaTrader 4 navigation menus will be explained in details and particulars in the next MT4 platform software guides about navigation menus.

2. Tool-bars

The MT4 tool-bars are used to manipulate MetaTrader 4 gold charts, either by placing MT4 indicators, MT4 line studies, change MetaTrader 4 time-frame & load MT4 template from a list of saved MT4 templates.

These MetaTrader 4 toolbars will be discussed on other MetaTrader 4 platform software guides that will outline each MetaTrader 4 button on this MetaTrader 4 tool-bar and how to add & customize these MT4 tool-bars.

3. Chart Window

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

4. Navigator

MT4 Navigator will contain info about MT4 accounts, whether practice or real, this MetaTrader 4 window will also have a list of all the MT4 trading indicators and also MT4 Expert Advisors/EAs & scripts.

A trader can select which MetaTrader 4 account to login by expanding the Trade Accounts menu, select a MT4 indicator by expanding the MetaTrader 4 indicator menu or choose a MT4 Expert Advisor EA by expanding the EA menu.

5. Market-Watch

MT4 Market-Watch panel is used to show realtime quotes for MetaTrader 4 gold trading instruments. This can list as many quotes that are provided by your MetaTrader 4 gold broker or a couple of chosen by a xauusd trader. To save internet band-width, rightclick inside the MetaTrader 4 market-watch panel and select 'Hide All', to hide the MetaTrader 4 symbols that you as a trader aren't trading on this MetaTrader 4 platform software & save on internet band-width.

6. Terminal

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

This MetaTrader 4 window will also list all open gold trades & calculate all the profit and loss in real-time as the prices move in an upward or downward direction.

7. Connectivity Bar

MetaTrader 4 connection bars - Red bars are for no connection, green bars show that there is connectivity to the servers & MetaTrader 4 gold trade orders can be set. These MetaTrader 4 connection bars should always be green color when a trader is signed in to their MetaTrader 4 practice account or MetaTrader 4 real account.

These MetaTrader 4 platform software main levels form the MetaTrader 4 platform Dashboard and will be the main levels to be covered and discussed in detail in the next learn MetaTrader 4 platform courses. For now it is best to download MT4 platform/software and accustom yourself with the MetaTrader 4 platform software Dashboard.

Why Platform is Required for Placing XAUUSD Trades with Online Brokers

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

So why does a xauusd trader need a good Platform:

To connect to the Online Broker Server:

To place an order a trader needs to use a trading software platform that will connect to the trading servers of their trading broker & this will allow them to open & close trade orders. Good trading platforms will connect with ease to the brokers' servers & allow traders to place orders at any time from their PC computer.

To analyze the charts using trading analysis tools

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

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

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

Study More Courses & Lessons:

• How Do You Read Where to Place Gold Stop Loss using Parabolic SAR XAU/USD Indicator?
• How Do You Trade Swing Gold with Different XAU/USD Chart Timeframes?
• How to Create a Bull Power Technical Indicator Gold System
• Gold Login in to MT5 Gold Account
• Gold Save a Trade Template on MetaTrader 5 Trading Software
• Trading Gold Charts Using Pivot Points
• How to Place Standard Deviation Indicator on Gold Chart