XAUUSD Platform

The best xauusd trusted trading platform software is the MetaTrader 4 software. This xauusd platform is one of the most common xauusd software that's used almost by every other trader as well as almost every online broker.

In this learn MT4 platform tutorial we shall explain the MT4 Interface so that beginner traders wanting to start learning this Trade charting software, can then start from the lesson.

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From the above screen-shot of the this xauusd platform MT4 software there are several toolbars as well as chart windows.

You can download this online xauusd trading platform from your broker's website. Now after you download xauusd platform, then you will need to know one or 2 things about this xauusd platform:

The first thing is how to install this xauusd platform after you download. For example if you download the MetaTrader 4 platform, you will need to go to a broker first, register for a xauusd practice trading account then after you register for a xauusd demo account you will be provided with a link where to download the MT4 platform.

Now once you download this xauusd trading software, assuming you do not know much about PC computers, Open your Web Browser >>> Go to tools at top-left corner of your web browser next to 'file', 'edit', 'view' menus click on tools, choose download folder place, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a download pop up window will appear with short-cut links to downloaded items. Choose the trading software that you've just downloaded.

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To install this software after you have downloaded, launch the download from where you downloaded, from there an installation pop up wizard appears & all you've to do is to follow the setup instructions. After setup the trading platform will run automatically just like any other software. Read guide How to install MT4 platform.

You can open the MT4 platform from the start menu>>> Programs or from the desktop shortcut that appears as a desk-top icon marked MetaTrader 4 after installation.

Demo Account Opening and Login

To open an account in MetaTrader 4 just click on 'file' and then on open an account, to log in to an account just click on 'file' at the top right corner and click sign in from the drop down menu that appears.

Once youlogin to the xauusd platform you'll get access to charts and other analysis tools such as indicators that you will then use to place trades within the xauusd market while connected to your xauusd broker's servers.

XAUUSD Software Menu Bar and Tool-Bars

Menu Bar on MT4 for Navigating within the Software

Menu bar is used to operate & navigate this xauusd platform from one panel. From this panel you can set how to view tool-bars, chart, data window & even use the file tab to open a account - & also login to your xauusd platform account.

Form the menu bar you can click on view tab & select tool-bars like in the above pictured image, these menu bars can be used to set up xauusd trading platform xauusd charts, indicators, time frames, & others things like drawing xauusd trend lines and Fib retracement areas and Fib expansions. To learn how to customize this xauusd platform software navigate to this MT4 XAUUSD Software Guide Section.

Now that we have looked at the tool-bar & menu bar, we shall look at the main work space inter-face of the MetaTrader 4 software.

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Market Watch window - This window panel is used to show a stream of the exchange rates that is obtained from your gold broker. In this market watch window you can right-click anywhere on this panel to select show all xauusd or hide the ones you are not interested in and save some bandwidth at the same time. No need to have prices for 50 xauusd if you are only interested 4 xauusd.

Data Window - Used to setup Indicators, EAs and scripts, you can click any of this menu sub items & expand/collapse the technical indicators or EAs used for automated trading.

Charts Panel - This is where price moves will be drawn.

Charts Tab - Navigation from one xauusd to another is easy, just flip through the charts tab as displayed above.

Terminal - This window panel is used to display a statement of your trades, profits & loses that you have made in your live account or demo account. To enlarge this panel and view open trades, just hover the mouse on the terminal toolbar until the cursor changes, click & hold down mouse button key & then move cursor upwards.

Connection bars - These are used to show connection to net, red bars mean no net connectivity, green bars show there is internet connectivity.

Exchange Rates Graph - this portrays the exchange rates for the xauusd that you're trading so as to display if the exchange rate is going upwards or downwards.

Why MT4 is Best Gold Software

In the online xauusd market there are many trading softwares available around the internet. But among the top xauusd softwares best xauusd platform is MT4 software, it is the best XAUUSD software because of the following reasons:

Low Bandwidth Connection Requirement

Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber internet connection: furthermore, these aren't readily available to some residential areas and might be limited to office buildings. This is why it is best to choose a xauusd software which requires the minimum band-width, the MT4 software. Even with the best connection, sometimes the connection might not be available & you may need to use an alternative connectivity like the dial up or modem. MT4 platform is the least expensive if you're on a modem. To even reduce further the inter-net band width usage navigate to market watch (Short-cut press CTRL+M), Right-Click on any xauusd instrument, Select 'Hide all', now the xauusd trading platform will only stream the price quotes for the pairs you only need and conserve your band width even further. Especially when using a mobile phone or i Pad or a Tablet where you're paying for phone credit this can save your credit. This is one of the reason why the MT4 platform is considered as one of the best xauusd platforms online.

The easier it is to connect the easier it is open and close trades on time.

Provided by all Brokers

Another reason why this XAUUSD software is considered as one of the best xauusd platform is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a learns the MetaTrader 4 software there is no need to re-learn when you switch to another trading broker. You can still use the same MetaTrader 4 of the new broker without the need to learn a new platform all over again.

Easy Technical Analysis

The other thing which makes this the best xauusd platform is ease with which you can set up the technical analysis indicators on the charts. Even those using various web traders will do their analysis in the MT4 platform and then place their xauusd orders on their web trader.

Technical traders can also install custom indicators on this software, making it easier to add more technical analysis tools onto this xauusd platform. Others also install Automated EAs on this xauusd platform so as to trade automatically with these programs referred to as Automated EA XAUUSD Robots.

Best Charts

The MetaTrader 4 has the best xauusd platform charts representations available & implements many chart timeframes from which a investor can select.

Simplicity

Overall the simplicity of this xauusd platform software & the fact that any investor can learn how to use MT4 platform within one hour makes this the best trading software for new & experienced traders.

According to xauusd platform reviews of the top xauusd platforms MT4 is the best platform - XAUUSD Trading Trusted Platforms MetaTrader 4 XAUUSD Platforms. Therefore, traders looking for what is the best xauusd software can start trading with the MetaTrader 4 software - XAUUSD Trading Trusted Platforms - as it's the best xauusd platform software and it is very easy to learn.