Rename or delete 'My account' top link in header Magento 1.9

Question

By now, I have 'My account' (with its dropdown menu) next to 'Log in' in my home page.

I want to only have a 'Log in' button that changes to 'Log out' when user is logged.

I've been trying with local.xml but couldn't succeed. I know I should edit something there but can't find out what.

Answer 1

Copy customer.xml to your theme (if it's not there already). Then remove OR comment below line:

<action method="addLink" translate="label title" module="customer"><label>My Account</label><url helper="customer/getAccountUrl"/><title>My Account</title><prepare/><urlParams/><position>10</position></action>

For changing Name/Title, you can update the values of above xml's <label> and <title> tags, like:

<action method="addLink" translate="label title" module="customer"><label>CUSTOM NAME</label><url helper="customer/getAccountUrl"/><title>CUSTOM NAME</title><prepare/><urlParams/><position>10</position></action>

Answer 2

You can get an idea that how you can edit top links in Magento 1, from below link:

http://www.webinse.com/blog/magento/top-links-in-magento-2/

However, below is code the code the to show login and logout link, depends on session:

 <?php if (Mage::helper('customer')->isLoggedIn() ): ?>
            <a href="<?php echo Mage::helper('customer')->getLogoutUrl(); ?>"><?php echo 'Logout'; ?></a>

        <?php 
    /*
    else: ?>
            <a href="<?php echo Mage::helper('customer')->getLoginUrl(); ?>">Login</a>
        <?php 
    */
    endif; ?>