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 format to facilitate and make it easy for novice 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 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 following information shows the various courses that are covered and discussed 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 platform softwares and charts.

Strategy

In traders must come up with a trade strategy to trade with. A 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, when a trader will close-out a trade & how much profit a xauusd trader wants to make from each trade and at what point they'll close their position if the Gold trade position moves in the opposite direction.

Traders can find a list of the popular strategies on learning 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 technical levels traders are likely to perceive the price of the financial 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 a floor because these price areas prevent the market from moving prices downwards past a certain point.

Resistance Area

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

Gold Trend lines - XAUUSD Analysis

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

Sometimes support and resistances on the price chart are formed diagonally in the same way like a stair-case. This forms a trend, a trend is a sustained movement in one specific 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 & predict where the price will move next.

A trend-line is a straight diagonal slanting line that connects 2 or more price points and then extends into the future to act as line of 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 overall direction of price movement up/down.
The power of ruling price movement and
Where future support and resistance of the trading current price movement are likely to be located at.

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

Upwards 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 downwards trendline.

MAs Indicator - Gold Analysis

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

Most common gold method of determine direction of the trend is by using 2 moving averages to form the MA cross-over system. The Moving Average cross over system 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 down. 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 the price movement. This trading cross over signal is used by Gold 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 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 will need to know how to choose and select a good broker. The first thing to look for is trading regulation; a gold trader should research & determine if a broker is regulated before deciding to open a trading account with the broker.

Opening a Practice Demo Trading Account

Traders should open a practice account commonly known as a demo account and use this Demo Practice account to practice for a period of one or two months. Traders will use the demo practice trading account as they learn gold concepts and strategies. Traders can test their strategies on the 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 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 and begin investing & trading the market. To open a real trading account a trader will have to fill some paperwork after which they can then log in to their account & begin placing trades in the online trading market through their broker.

Gold Tips

Come up with a written plan that will be a summary of all that you have learned in xauusd and this plan will specify when you'll open a trade, when you will close a trade, the trading money management guidelines/rules that you will use when opening trade positions and also it'll set out a listing 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 courses.

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 illustration 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 Guides and Lessons:

Trade Gold Trading