Introduction To Learn Trading

This tutorial on gold trading is structured in a simple and organized format, aimed at helping novice traders. It facilitates an easy understanding of important trading concepts so that they can develop their own effective market strategies.

This learn guide will try to cover an introduction to the market and traders can read through this learn guide course to get a basic idea of how to go about the market. Traders can also navigate to learn tutorials section to get a listing of the learn guides that are covered and discussed on this learn web site.

The information below lists the different classes that are taught and talked about on this learning website in the studying area.

Introduction to Trading

These learning sections start with a market overview, explaining the basic market ideas that traders should understand before they start trading xauusd.

In this learn topic the a trader will the learn the basic terms used in the market, gold terms such as charts, price quotes, lots, pips, spreads, margin, gold long position, gold short position, trading platforms and charts.

Strategy

Traders must create a trading plan to use when they trade. A plan is a method or setup with written rules that the trader follows when trading. The rules say when a gold trader starts a trade, when they end a trade, how much money a xauusd trader wants to gain from each trade, and when they will exit if the Gold trade goes the wrong way.

Traders can find a list of the popular strategies on learning strategies section of this learning website.

Trading Analysis

These trading analysis topics walk traders through the different methods for analyzing gold markets using indicators and various studies.

For example some of the popular trading analysis studies in gold trading are:

Support & Resistance Areas - XAUUSD Analysis

Some traders also refer to these support and resistance zones as support & resistance lines. The trading concepts of support and resistance zones refers to price levels where it's difficult for price break through and move beyond these price areas.

At these technical levels, traders will likely see the price of the financial tool as either cheap or as expensive.

Support Zone

A support level acts as a barrier, preventing an asset's price from declining further. These price zones function as a floor, effectively stopping the market from pushing quotations below a specific established threshold.

Resistance Area

Resistance blocks price from rising further. It acts like a ceiling over the market.

Gold Trend lines - XAUUSD Analysis

Gold Trend lines are used to determine the general direction of the price.

Support and resistance lines can slant like stairs on charts. This builds a trend. Trends move steady in one way, up or down.

A trend-line depicts these points of support and resistance for price.

The gold trendline is a key analytical tool that utilizes line studies to anticipate future price movements.

A trend-line is a straight, slanting line that joins two or more price points and stretches out into the future, working as a line of either support or resistance.

Gold trend lines are based upon the idea that the markets move in trends. Trend lines are used to show 3 things.

The general direction of price movement up/down.
The power of ruling market price movement and
Where future support and resistance of the trading current price movement are likely to be located at.

When a trend line forms, price heads that way for a while. It lasts until the line breaks.

Upwards trendline - If the price on a chart is rising, then the trend line is also moving upwards. This gold line is called an upward trend-line.

Downwards trendline - If price of a chart is moving down then a line is formed that also moves down. This gold line is called a downwards trendline.

MAs Indicator - Gold Analysis

MAs indicators are also used in gold trading to determine the overall trend direction of market. Moving Averages is a market trend following technical indicator that's used to explain the trend direction of the price.

Most common gold technique of assessing and determine the direction of the market trend is by using 2 moving averages to form the MA cross-over system. The Moving Average cross over strategy is discussed in our strategies section. The MA Moving Average cross over trading method is made up of 2 MAs one with a lower period and the other with a higher period, for example one may use the 5 period MA & the 7 period Moving Average, when price is heading up the two MAs also will be moving up and when prices are heading down the two MAs also will be moving downward. Traders can also identify when a trend changes its direction because the two gold MAs will cross over each other once there is a change in the direction of price movement. This trading cross over signal is used by Gold traders to determine when to execute a new trade after the crossover signal has been generated and the two gold trading moving averages starts to move in the same direction. This cross-over signal is also used to determine when to close a trade & take-profit after there's a cross-over signal in the opposite market direction.

Choosing a XAUUSD Trade Broker

Traders should learn how to pick a reliable broker. The first thing to check is if the broker is properly regulated: a gold trader should research and find out if a broker is regulated before deciding to create a trading account with them.

Opening a Practice Trading Account

Start with a demo account for practice. Use it for one or two months. Learn XAUUSD ideas and plans there. Test your approaches on this fake setup. See if they work well before using real money.

Open a Live XAUUSD Account

Once traders learn and build a winning strategy, they should open a live account with a broker. Start investing and trading. Fill out paperwork to set up a real account. Then log in and place trades via the online broker.

Gold Tips

Create a written plan that sums up your XAUUSD knowledge. It should detail when to enter and exit trades. Include money management rules for positions. List your trading goals too. You can find a sample template in the site's lessons under key trading concepts.

Learning how to handle your money well is another helpful idea: you can find these ideas in the learn section of the website, under trading key concepts. Good money management will teach a trader how to best handle the money in their trading account. As an example, a trader can learn that managing equity means not risking over 2% of their money on any single trade.

Learn More Guides and Lessons:

Trade Gold Trading