Introduction To Gold Trading
This is one basic gold advice.
Understand price movements. The other basic gold advice is learn about gold market moves.
Basic Gold Tutorials- About Gold Tutorials
Get a gold charting platform which allows you to see the current price as it happens & make analysis. The most popular software is MT4 Platform. It's easy to use, chart are well presented & the platform has multiple trading analysis tools for a trader to choose and select from. The platform/software shows gold charts on the computer screen: the charts explain the current buy & sell prices. The software helps you monitor your funds & how the trading instrument which you bought or sold is doing.
Basic Trading Guides - Software
The screen shot below shows the user work-space of the MetaTrader 4 Platform.
Basic Gold Tutorials About MT4 Software
Learn a basic gold trading system which generates you a signal of when to enter and when to exit trades. Following the markets price action is a popular and common trading analysis method that experienced traders have been using for over a hundred years before trading charts. Candle-stick setups, indicators and systems can also be used. All these techniques are discussed in detail on tradegoldtrading.com.
Basic XAUUSD Guides Tutorials - Systems
- Systems
- Create a Trading Strategy
- Writing XAUUSD Strategy Rules
- Generating Signals
- Tips for Systems
- Writing a Trading Journal
- Writing a Gold Plan
- Stochastic Strategy
- MA Cross-Over system
A good Basic Gold Trading System uses the Technical Indicators below:
Please Study Them Prior to Developing Your Trading Strategy
Example of a Trading Strategy
Basic Strategy
Start with a demo gold account before trading with real money. First begin learning about Basic Gold Trading byopening a practice trade account & practice trading with this demo account, until you get to learn and understand how the market works and when you are confident and consistently earning good profit on your gold practice account then you can open a live account.
Basic XAUUSD Guide Tutorials - Account Courses
When you open a real account, trade with your gold plan & learn how to manage the emotions in gold by learning about market Psychology.
Basic Trading Guides - XAUUSD Market Psychology Topics
- Psychology of Traders
- Psychology and Emotions in Gold Trading
- Trading Market Psychology Strategies
- Trading Market Psychology Strategies 2
Learn More Guides and Lessons:
- What's XAU/USD Pullback Meaning?
- Gold Draw Downwards Channel on MetaTrader 4 Software
- Free Margin Calculator and Used Margin Calculator
- How Do You Trade Fib Expansion Levels in Charts?
- What is MT5 Gold Chart?
- How to Trade the Falling Wedge Pattern
- How to Open Gold Chart
- Periodicity Tool-bar Menu for MetaTrader 4 Charts
- How to Begin Practice Gold with XAUUSD Demo Trading Account
- Informative MT4 Guide Lesson for XAUUSD Beginner Traders
