2. Points To Be Discussed Today:
MetaTrader 4Trading Software.
MetaTrader 4 Platform - Online GoldTrading
Platform.
Learning MetaTrader 4 GoldTrading Platform.
MetaTrader 4 Platform Navigation Menu.
How to Open an Account in MetaTrader 4 Gold
Trade Platform.
Opening a GoldTrade
3. MetaTrader 4 Trading
Software
The most popular GoldTrading Software is the MetaTrader 4.
MetaTrader 4 is also the most popular software for currency
Forex trading, stock indices trading, CFDs trading and Oil
trading.
MetaTrader 4 software is provided for free by online Gold
trading and ForexTrading Brokers.
This Gold trading software plots the prices of Gold in the form
of charts and graphs commonly known as Gold trading charts.
The MetaTrader 4 platform will also provide traders with many
technical analysis tools such as technical indicators that they
can use to analyze the movement of the Gold prices.
This Gold trading platform plots and display Gold price
charts on the computer screen; these charts show the
current buy and sell price of Gold metal.
4. MetaTrader 4 Trading Software-I
This Gold trading platform also helps traders to keep
track of the funds or what is known as account
equity balance in online trading.
The platform will have a trade transaction window
that will show the Account balance that the trader
has deposited that is available for trading with.
This window will also show all the trades that the
trader has opened and a trader can close their trades
from this MetaTrader 4 transactions window.
From the Gold trading charts traders can also open
and close trades directly from the trading charts.
5. MetaTrader 4 Platform - Online
Gold Trading Platform
The easiest Gold trading platform to learn trading XAUUSD with is
the MetaTrader 4 platform software - it is also the easiest to use
when trading currencies, stock indices, Oil and CFDs financial
instruments online.
Gold trading broker that provides this trading software to beginner
Gold traders as well as the experienced Gold traders trading the Live
Gold trading market.
As a beginner, you will have to start with a demo account which is a
Gold trading account for practice trading that uses virtual funds
meaning that a trader does not have to risk their own money when
they start learning how to trade the Gold metal - XAUUSD.
After a trader has learned how to trade with the MetaTrader 4
software using this demo practice account a trader will then open the
Real GoldTradingAccount commonly known as Live GoldTrading
Account then deposit their money as their trading capital and start
trading the live Gold trading market for profit.
6. Learning MetaTrader 4 Gold Trading
Platform
If you are new to Gold trading platforms all you
need to remember is that all computer software
uses the same coding rules, coding rules are
followed by all programmers, one of the rules used
is familiarity.
So in all software take for example your web
browser, there is file, edit, view, history, tools and
help at the top left side of your browser.
If you compare this with your Gold trading platform,
if you are using MetaTrader 4 commonly referred to
as MT4 there is file, view, insert, charts, tools and
help.
7. MetaTrader 4 Platform Navigation
Menu
In the top left corner of the MT4 platform
software, Under "File" menu you can open
charts for the currency pair you want or when
it comes to trading Gold - you can open the
trading chart for XAUUSD or Gold depending
on how it will be marked on your trading
software, from this file menu you can also
open an account, or login to an account and
so on.
8. Open an Account in MetaTrader 4
Gold Trade Platform
Under view menu you can open the navigator, the
navigator is used to view your trading account
number details, it is also used to view indicators as
well as available Automated Expert Advisors that
are used for automated trading.
To use any of the indicators just double click on the
one you want and click okay. The indicator will
automatically be placed on the Gold price chart.
Still under view you can click "terminal" to view
open trades. This is the MetaTrader 4 transaction
window where a trader can access information
about their trading account balance as well as
information about their open trades.
9. Open A Gold Trade
To open a XAUUSD trade, right click inside the
chart, you can open the XAUUSD Gold trading
chart from the File menu, New Chart Option.
Once you open the Gold trading chart click
within the trading chart and select new order
and then you can choose to buy or sell Gold from
the new trade order window that will pop up.
If anything else gets within this trading software
complicated just click on the "help button" and
look for the solution it in the 'HelpTopics'.
11. Gold Trading Platform - MetaTrader
4 Platform Workspace-I
Market Watch Window - This market watch window is used to show a
stream of Gold prices that is obtained from your online broker.
Data Window - Used this data window to setup technical indicators,
Expert Advisors and scripts, you can click on any of this menu sub items
and expand/collapse the indicators or Expert Advisors used for
automated trading so as to select these items and put them on the
trading charts.
Charts Panel - This is where the Gold price moves will be plotted in the
form of a graph or what is commonly referred to as a trading chart in
online trading.
Charts Tab - This tab is used for navigation from one currency pair to
another is easy, or if you are trading the metals GOLD and SILVER, this
tab will be used to navigate from one chart to the other chart, just flip
through the charts tab as shown above.
12. Gold Trading Platform - MetaTrader
4 Platform Workspace-II
Terminal - This terminal window is used to display a
statement of your trade transactions, profits and loses
that you have made in your live Gold account or demo
Gold account.
Connection bars - These connection bars are used to show
the connection to the internet, red bars mean no internet
connection, green bars show there is internet connection.
Gold Charts - These Gold charts shows the exchange price
for the metal XAUUSD that you are trading so as to show if
the Gold prices is going up or down.