Gold Long and Short and Gold Trading Charts
In Gold trading , there are two types of gold trades, these are:
- Long (buy) - long is if the gold trading trend is buy/bullish.
- Short (sell) - short is if the gold trading trend is sell/bearish.
Buying/Long and Selling/short in Gold Trading
Both terms in Gold Trading, refer to things we do when open a gold trade.
Buying Long - gold trading term to use when buying and when opening a gold trade.
Selling short - gold trading term to use when selling and when opening a gold trade.
Long - Long is another term used to refer to buying in gold trading, If a gold trader goes long it means that he buys the gold trading instrument that is heading in an upward trend direction. When the gold trading gold price is moving in an upward gold trading trend the gold trading trend is referred to as bullish gold trend.
Short - Short is a term used to refer to selling of a gold trading instrument that is going in a downward trend direction. when the gold trading gold price is going downwards then it is referred to as a bearish gold trend.
Basically the term, “selling short” can be refer to selling in the gold trading markets. Selling short is used to transact a gold trading instrument that is predicted to depreciate in value compared to another, when this gold trading instrument is sold then it is the same as not holding value in this gold trading instrument and holding the same value in another form against which this gold trading instrument is traded against - mostly US Dollars.
If the gold trading gold price is going up we buy, this is referred to as going long - Therefore long is just another name for buy. When the gold trading market gold trading trend is going up it is referred to as a bullish, this is when a gold trading buy gold trade is placed. A bullish gold trading trend is identified by drawing an upward gold trading trend line on a gold trading chart. The example below shows a long/buy gold trading signal .
If the gold price pair is going down we sell, this is referred to as going short. When the gold trading market gold trading trend is going down it is referred to as a bearish. The example below shows a downward trend, this is when a short sell is placed. The short/sell is identified by drawing a downward gold trading trend line on a gold trading chart. The example below shows a short/sell gold trading signal .
Sell/Short - Gold Trading Buy Trade and Gold Trading Sell Trade
Gold Trading Charts
A Gold trading chart provides a visual representation of gold trading gold prices (drawn on the y-axis) against time (drawn on the x-axis) for a given gold trading instrument. The movement of gold trading gold prices is drawn on these gold trading charts. The gold trading chart can be drawn as candlestick gold trading charts like the one below or as line gold trading charts or bar gold trading charts .
Gold Trading Chart - Candlesticks Gold Trading Charts
The three common types of gold trading charts used in Gold trading are:
- Candlesticks Gold Trading Charts
- Line Gold Trading Charts
- Bar Gold Trading Charts
These 3 types are covered in the topic Gold Trading Chart Types.
Gold Trading Platform
This is the gold trading software that is provided by a gold trading broker to help gold traders place their gold trading transactions. Once you download and installs this gold trading software on your computer you can then begin to trade in the Gold Trading market . All gold trading transactions are executed through this gold trading platform. If you want to learn a gold trading platform, MetaTrader 4 Gold Trading Platform is a good gold trading platform to start with.
To set these gold trading orders open MetaTrader 4 Gold Trading Platform, open a "chart ", right click on the "chart ", select "New Order ", then select the gold trading order either sell or buy as shown below. (Short Cut Keys - Press F9)
Setting Buy Long Gold Trading Order and Sell Short Gold Trading Order on MetaTrader 4 Gold Trading Platform