Introduction To Learn Trading

As a gold introduction this learn tutorial and this learn website in general is designed in an easy and well organized learn trading format to facilitate and make it easy for beginner traders and those who want learn trading to do so in a manner that will make it easy for them to understand the concepts explained and create their own strategies that are effective when it come to the market.

This learn tutorial 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 tutorials that are covered on this learn web site.

The following information shows the various tutorials that are covered on this learn web site on the studying section.

Introduction to Trading

These learn topics covers introduction to market by covering a definition of the market basics that traders need to know before starting out in 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 & charts.

Strategy

In traders must come up with a trade strategy to trade with. A trading strategy is a method or a system that has written rules set out that the trader will use when trading the market. The rules will specify when a gold trader will open a trade position, when a trader will close a trade and how much profit a xauusd trader wants to make from each trade and at what point they'll close their trade if the trade position moves in opposite market direction.

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

Trading Analysis

These learn trading analysis topics explain to traders the various gold methods used to analyze market move using indicators and trading analysis 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 the price break through and move beyond these price areas.

At these levels traders are likely to perceive the price of the instrument as being cheap or as being expensive.

Support Zone

Support level prevents the price of an asset from getting pushed down-wards. Support levels are hence regarded as the floor because these price levels prevent the market from moving prices downwards past a certain point.

Resistance Area

Resistance level prevents the price of an asset from getting pushed upward. Resistance levels are thence regarded as a ceiling because these price levels prevent the market from moving prices upwards.

Gold Trend Lines - XAUUSD Analysis

Gold Trend Lines are used to determine the overall direction of the market.

Sometimes support and resistances on the price chart are formed diagonally in a similar way like a staircase. This forms a trend, a trend is a sustained movement in one direction either upward or downward.

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

Gold trendline is an aspect of analysis that uses line studies to try and predict where price will move next.

A trend line is a straight diagonal slanting line that connects two or more price points & then extends into the future to act as line of support or resistance.

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

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

If a trendline forms in a certain direction then price usually moves in that direction for a period of time until a time when the trend-line breaks-out.

Up-wards trendline - If price of a chart is moving up then a trend line is formed that is also moving up. 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 downward trend line.

MAs Technical Indicator - Gold Trading Analysis

MAs indicators are also used in gold trading to determine the general trend direction of market. MAs is a market trend following technical indicators that is used to explain the direction of the market.

Most common gold method of determine direction of the trend is by using two moving averages to form the MA crossover system. The Moving Average cross-over system is discussed in our strategies section. The MA cross over trading method is made up of two 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 Moving Averages also will be moving up and when prices are heading down the two Moving Averages also will be moving down. Traders can also identify when a trend changes its direction because the two gold trading moving averages will cross over each other once there is a change in the direction of the price movement. This trading cross over signal is used by traders to determine when to open 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 crossover signal is also used to determine when to close a trade and take profit after there is a trading cross-over signal in the opposite trend direction.

Choosing a XAUUSD Trade Broker

Traders will need to know how to choose a good broker. The first thing to look for is trading regulation; a gold trader should research and determine if a broker is regulated before deciding to open a trading account with the online broker.

Opening a Demo Trading Account

Traders should open a practice account commonly known as a demo account and use this Demo Practice account to practice trading for a period of one or two months. Traders will use the demo trading account as they learn gold concepts & strategies. Traders can test their strategies on this practice account before deciding if the strategy they are using is profitable enough to trade with it on a real account.

Open a Live XAUUSD Trading Account

After traders have completed learning trading and have come up with a profitable strategy they should then open a live trading with their broker & begin investing & trading the market. To open a real account a trader will have to fill some paperwork after which they can then log in to their trading account & begin placing trades in the online trading market through their broker.

Gold Trading Tips

Come up with a written plan that will be a summary of all that you have learnt in xauusd and this plan will specify when you will open a trade, when you'll close a trade, the trading money management guidelines that you will use when opening trades and also it will set out a list of the trading goals that you want to accomplish when it comes to trading. A trader can get an example plan template from the learn lessons section of this website in the trading key concepts tutorials.

Learn money management guidelines is also another good tip - money management guidelines are also explained in the learn section of this learn website in the trading key concepts topics. Gold money management guidelines will help a trader to learn the best methods to follow when it comes to managing their account balance. For example a trader can learn that equity management specifies that a xauusd trader should not risk more than 2% of their capital on any one single trade.

Learn More Tutorials and Lessons:

Trade Gold Trading