Gold Trading Lessons - Introduction to Online XAUUSD Trading
For a beginner trader wanting to learn about how the online gold trading market works, the following tutorials provide beginner traders with a learn xauusd trading introduction guide that is divided into four main sections:
- How to setup
- Trading basics
- Technical analysis
- Key concepts
Learn trading tutorial for beginners - Learn How to Trade Gold Online.
How to Setup
- How to Install MetaTrader 4 Platform
- How to Open Demo Account
- How to Login to MT4 Platform
- Learn MetaTrader 4 Platform
- How to Open Live Account
- Regulated Broker Information
- How to Open a Chart
- How to Open Buy Trade and How to Open Sell Trade
Learn Trading Tutorials
- How to Trade XAUUSD
- Account Types
- Demo Account
- Types of Charts
- Contracts Leverage Margin and Spread
- How to Open Chart
- Long and Short
- Buying and Selling Orders
- Gold Orders
- Buy Entry Limit Order and Sell Entry Limit Order
- Buy Stop Order and Sell Stop Order
Learn Technical Analysis
- Moving Average Strategy
- MACD Strategy
- RSI Strategy
- What is Trading System?
- Creating a System Template
- Writing System Rules
- Generating Buy & Sell Signals
- Creating System Tips
- Writing a Trading Plan
- How to Save System as a Template on MT4
Learn Key Concepts
- How to Calculate Leverage and Margin in
- How Leverage Increases Profits and Losses
- Leverage and Margin Trading Explanation and Examples
- Methods of Setting Stop Loss Orders in
- What is a Stop Loss?
- Technical Indicators for Setting Stop Losses in
- Stop Loss Summary
- Draw-down and Maximum Draw-down
- Money Management Styles and Methods in
- Market Hours
- Best Time to Trade
- When Not to Trade
- Types of Traders
- Setting a Schedule
- Characteristics of the 3 Major XAUUSD Market Sessions
XAUUSD Trading Charts
The chart below shows the price chart of gold (xauusd chart). Traders will trade and analyze xauusd prices using this chart. The symbol for gold in trading is XAUUSD. Therefore, a gold chart will be marked either as 'Gold' or 'XAUUSD' or 'XAU/USD'.
How to Interpret XAUUSD Price Chart
How to Use Trading Charts
A trader will use charts like the one shown above so as to try and determine the next likely direction of the Prices. From the chart above a trader can determine the direction of the gold prices from the price movements.
A trader will use this chart to determine if the xauusd prices are moving upwards or downwards. A trader will then use this trend direction of prices to determine if they will open a buy xauusd trade or a sell xauusd trade.
In an upward trend traders will open buy trades because prices are moving upwards (upward trend) while in a downward market traders will open sell trades because prices are moving downwards (downward trend).
As a beginner wanting to trade xauusd you will have to learn how to analyze these market movements on charts by learning more about Gold trading from the technical analysis tutorials on this website mainly found on the technical analysis section of the tutorials listed above.
