What's Market?
With many new beginner traders starting to ask about what is xauusd trading? - Where to Trade Gold - How to Trade Gold? - How to Begin Gold Trading? - the most common gold trading questions that most new beginners ask are:
- What's Gold and Where to Trade Gold?
- How to Start Gold Trading
- What's a Platform Software?
- What are Indicators?
- What are Strategies?
Most of these gold topics are discussed in the learn gold lessons section of this learn gold training website.
The most basic question for beginner traders is What is Gold Trading?
XAUUSD trading is an over the counter market, which can facilitate gold transactions between many traders through online xauusd brokers.
The value of price is determined by demand supply forces of gold.
Retail Gold Trading
Now that gold trading is available online - traders want to know more about What is Gold Trading?
With the growth of the internet and online brokers, gold trading speculators and retail xauusd traders now can participate in the online market, through these retail brokers that provide retail traders with retail xauusd accounts which the online traders can use to trade gold online and access the online xauusd market.
These days with the availability of affordable computers and easy access to internet everywhere, online gold trading has become very popular.
Traders can also now trade through their mobile phones using trading apps provided by these brokers - which means that even more people can now participate in the gold trading if they have a smartphone.
There are so many online brokers available on the internet which provide traders with trading platforms & gold apps for gold trading. All a beginner trader has to do is to open an account with these brokers & get access to the xauusd market.
These brokers also provide traders with practice xauusd accounts which the online traders can use to learn about gold trading using virtual money. Traders use these risk free xauusd practice account that use virtual money to learn about the software or xauusd app that is provided by their broker. The trader can learn how to analyze and interpret charts on these trading softwares and also learn how to execute orders. Once a trader has learned and practiced xauusd trading on this practice account the online trader can then open a real account also known as a live xauusd account & begin trading the online xauusd market.
With the growth of internet access through computers and mobile phones - online brokers are now able to provide retail xauusd accounts which can be opened with as little as $100 capital and retail xauusd traders can trade gold over the internet.
A beginner trader only needs to download a brokers online software or xauusd app and then open a account with the broker and then start to trade gold online through the online xauusd broker.
Where to Trade Gold
Trades occurs over multiple computers and telephones at thousands of locations worldwide through gold trading inter-network of banks known as interbank network or gold trading liquidity providers.
Trades are placed from Online Trading Platforms like the one illustrated below.
What's Platform Software? - How to Start XAUUSD Trading? - What's MetaTrader 4 Platform Software?
Gold trading is also available on Apps for mobile phones. The trading apps mostly provided by most brokers are Android gold app, iPhone xauusd app and iPad gold app. Traders can also use these apps to login to their xauusd account and open xauusd trades from these mobile gold phone apps.
The market is where banks, investors, speculators and other market participants trade gold. Gold is also known as XAUUSD - Gold is the Trading Symbol used when xauusd trading online
What's the main reasons to participate in the xauusd market?
The most popular reason to participate in the xauusd market is based on speculation for profit - speculation based gold transactions retail xauusd trading.
The market is regarded to be an Over-the-Counter (OTC) market, depending on the fact that gold trades are conducted between two counter-parties over an electronic network of liquidity providers.
How to Start XAU/USD Trading
If as a beginner trader you are looking for how to begin trading gold in the in online market - it is best to start with a learn guide web site & a practice demo account that will help you learn about how the xauusd market works. You can find more learn gold tutorials on this learn gold website from the main navigation menu of this learn gold web site
Study More Courses & Tutorials:
- Guide of How to Hide Symbols on the MT4 XAUUSD Trade Software Platform
- How to Draw Fibonacci Extension on the MT5 Platform
- How to Set MetaTrader 5 Volumes Indicator on Gold Chart
- How to Set Money Flow Index Indicator on Trading Chart in MetaTrader 4 Platform Software
- Japanese Candlesticks Patterns Trade Analysis
- Best Trade Training Tutorial Lessons & Training Guides
- XAUUSD Platform/Software MT4 MarketWatch Window Panel for MT4 Quotes List
- Three Steps To Help Improve Your Gold Results
- MT4 Platform Tutorial Lesson Chart Analysis XAUUSD Training Course
- MT4 and MT5 XAU USD Platform for Gold EA Bots