Gold MT4 Dashboard

The following screen-shot below shows the main MT4 platform Dashboard. As a beginner trader trying to learn how to execute xauusd orders in the online xauusd market, the main tool for trading the xauusd market is the MetaTrader 4 software software. This MT4 software is the software that you'll connect to your xauusd broker with & execute xauusd trade transactions and monitor your xauusd account balance from this MetaTrader 4 platform.

The Gold MetaTrader 4 platform software is provided for free through the various xauusd broker web sites. This MetaTrader 4 software looks like the xauusd example shown below:

Main Areas of this MT4 software as illustrated above are:

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

For this MT4 platform tutorial we shall look at a brief introduction for each of these learn xauusd MetaTrader 4 platform:

1. Navigation Menus

The MT4 navigation menus are:

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

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

These MT4 navigation menus will be discussed in details in the next MetaTrader 4 platform tutorials about navigation menus.

2. Tool-Bars

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

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

3. Chart Panel

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

4. Navigator

MetaTrader 4 Navigator will contain information about MetaTrader 4 trading accounts, whether practice or real, this MetaTrader 4 window will also have a list of all the MetaTrader 4 xauusd indicators as well as MetaTrader 4 Gold Expert Advisors & scripts.

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

5. Market Watch

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

6. Terminal

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

This MT4 panel will also list all open xauusd trade transactions & calculate all the profit & loss in real-time as the gold prices move in an upwards or downward direction.

7. Connection Bar

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

These MT4 software main areas form the MetaTrader 4 software Dashboard and will be the main areas to be covered in detail in next learn MT4 platform tutorials. For now it is best to download MetaTrader 4 platform software and familiarize yourself with the MetaTrader 4 software Dashboard.

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

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

So why does a trader need a good Gold platform:

To connect to the XAUUSD Broker Trading Server:

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

To analyze xauusd charts using technical analysis trading tools

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

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

• Connection - connection to the broker servers
• Charts - price graphs which display gold prices
• Toolbars - toolbars to add tools & technical analysis indicators on gold charts
• Market Watch - for displaying available financial instruments in MetaTrader 4
• Data window - provides MT4 account information & other indicator data
• Exchange rates - shows current market gold price of a gold trading instrument
• Menu bar - Shows all menu items in MetaTrader 4 platform