Gold Lesson for Beginner Traders
Gold is among some of the big financial markets in the world.
Understand gold instruments & xauusd price fluctuations.
About Gold Guides - Gold Guide Course for Beginner Traders
Get a charting platform software which allows you to see the prevailing price as it happens and make trading analysis. The most popular platform is MetaTrader 4 Software. MetaTrader 4 software is easy to use, xauusd charts are well presented and the software has multiple trading analysis tools for a trader to choose from. The MT4 platform/software displays charts on the computer screen: the charts show the current buy & sell trading prices. MT4 software helps you keep track of your funds in your trading account by showing the trading account balance and also calculates profits & losses and shows this info on the trading platform - & also illustrates how the open trade positions opened on your trading account that you bought or sold are doing.
Learn Platforms - Gold Guides for Beginner Traders
MT4 Gold Software Tutorial - Gold Lesson for Beginner Traders
The screen shot below illustrates the user interface of MT4 Software.
Learn a system which gives you trading signals of when to enter and when to exit trades. Following the markets trading price action is a popular technique that professional traders have been using for over a hundred years before starting to use trading charts. Candlestick patterns, indicators & systems can also be used. All these trading methods are discussed in detail on tradegoldtrading.com.
Gold Systems - Gold Guide Course for Beginner Traders
- Creating Trading Systems
- How to Create a Trading Strategy
- Writing Strategy Rules
- Generating Trading Signals
- Tips for Creating Trading Systems
- Writing a Trade Journal
- Writing a Trade Plan
- Stochastic Trading System Example Template
- Moving Average Crossover system
The System uses the Technical Indicators below:
Please Read The Indicators Guide Before Creating Your System - Gold Lesson for Beginner Traders
- RSI Indicator
- Stochastic Technical Indicator
- Moving Average Indicator
- Parabolic SAR Trading Indicator
- MACD
- Bollinger Band
- ADX Trading Indicator
Example of a System - Gold Lesson for Beginner Traders
Begin with a demo training practice trading account before trading with real money. First begin byopening a practice trade account and practice trading with this practice demo trade account, until you get to learn & understand how the market works & when you begin consistently making good profits on this practice trade account then you can open a live xauusd account.
Gold Account Topics - Gold Lesson for Beginner Traders
- Types of Accounts - Gold Course for Beginner Traders
- Practice Demo Account - Gold Lesson for Beginner Traders
- Opening a Demo Trading Account
When you open a live account, trade with your plan and learn how to manage the emotions in gold trading by learning about market Psychology.
Gold Market Psychology Topics
- Psychology of Traders
- XAUUSD Psychology & Emotions
- Gold Trade Psychology Guidelines
- Gold Market Psychology Guide-lines 2
Study More Lessons and Topics:
- What Does a Gold Leverage of 1 500 Mean?
- Placing Arrows in Gold Charts in MT4 Software
- XAUUSD Open a Gold Order on MT5 Mobile XAU USD App
- Dark Cloud Cover Bearish Candlesticks Pattern
- XAUUSD Demo Practice Account MetaTrader 5 Free XAU USD Account
