Trading gold reddit forex All markets present opportunities. Thank you for this post, a lot of this actually makes so much sense, I started trading just over 2 months ago, so I love hearing insights of other people, but one thing that a lot of people have been “telling” me, and by telling , I mean seeing through the media platforms I research forex on is to just stick with one strategy, test it and if you like it and it works for you then good, use Welcome to FXGears. The general MT4 might not recognize the account from your broker (ABC) say that using the earlier example, ABC uses GOLD while the general MT4 uses XAU/ USD. Gold is actually very enjoyable to trade, it respects trendlines very much. Dive into the world of forex gold trading and discover the golden opportunities that await you! 3. 3/ I know some metals traders who follow mining more than other metals. Welcome to Forex sub-Reddit! Feel free to discuss about Forex trading strategies, Forex trading platforms, share experiences or participate in threads you find Welcome to FXGears. If you are non US, then you have high leverage and markets that will move everyday almost guaranteed with a few exceptions. Don’t trade gold if you’re new to trading. Futures contracts are the main way to trade gold. Sometimes They will also have slippage on Welcome to FXGears. Indices are super volatile so I only trade them in certain instances. I personally only trade gold and only go for 10 pips with 2 trades a day. The best gold trading strategy is to use Support and Resistant Levels. First, understand the fundamentals that drive the price of gold, Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas… Welcome to FXGears. Note: Backtest it on your own before utilizing it in live market! Hope this will help you in your trading journey!! Welcome to FXGears. Dec 6, 2024 · If you want to start trading gold or add it to your long-term investment portfolio, we provide four easy steps to get started. Preferably when it has a divergence or a nice Harmonics setup. Gold has spiked all time high since the beginning of Ukraine war and I'm trying to capitalize on this opportunity but I can't seem to find a Welcome to FXGears. With a early entry, if you see the signal on H1, you can go to the lower time frame and enter the trade there. Even when I backtest, I can't seem to identify a consistent trend. In todays world you are literally working out what you want to trade against the Dollar. Gold and Oil are next for me. It can move in one direction for weeks without pullback. Join the ranks of successful forex gold traders and turn your investments into shining profits!. com, a trading forum run by professional traders. It allows traders to diversify their trading portfolio, thereby reducing potential losses from currency volatility. I read in many places that trading gold is the most difficult asset, but like you, I want to trade only this. If I place a random trade on Silver or Oil or Natgas, I usually make a profit, but Gold is really up and downs. Welcome to Forex sub-Reddit! Feel free to discuss about Forex trading strategies, Forex trading platforms, share experiences or participate in threads you find interesting. Gold Trading Strategies Gold trading is not a simple matter, as the yellow metal does not move in the same way as other commodities or currency pairs in the Forex market. Gold has never been low like this for over a decade. Feb 9, 2021 · How to trade gold online. I've been searching all day for different regulated brokers that support forex, indices & commodities trades for US Citiziens but I keep running into US Regulations against trading XAU/USD & XAG/USD. Ok, so I trade gold every day for the last 2 years. 1/ I used to trade gold a lot with cfds before I moved to futures. Personally FX is the way to go. For clarity, you can also look at DXY chart and then trade it inversely on gold. Gold is also hovering over its sold support 1680-1688. In the past 11 years gold has gone down. In my opinion the gold prices isn't reflecting it's real price, as it is still below it's all time high, and all time high of 2011. Other than that, nothing major. Gold pumps when dollar dumps and vice versa. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. Mainly over sold or over bought. However, there are some well-known strategies that can be applied to be successful when trading gold in a short term approach. It doesn’t move like forex pairs. It has way too many factors which impact it. willl be Unleash the power of forex gold trading and unlock your financial potential! 2. When it comes to trading gold and silver or trading precious metals like XAU/USD or XAG/USD and how to trade gold, you will know that following the advice of an “expert” who recommends buying gold because of a belief rather than because of seeing a buy opportunity or entry criteria using technical analysis, Elliott Wave, trend following or You might want to learn and use RSI divergence in trading gold. It is a real forex trading platform, They also process withdrawals in time ( in my experience max 2 days)however they have a serious slippage problem with pending orders where they will open your pending orders far from where you wanted but leave the stop loss in it's original price thereby increasing the risk exposure if the equity in your account. When trading on H1 and H4, youll have less entries but thats a good thing. I've noticed that many experienced forex traders rarely trade gold (based on their profit screenshots), and for the past two weeks, gold has not been following any discernible trend. 350K subscribers in the Forex community. Gold isn’t forex, gold is a precious metal which has great volatility. Yeah thats the important part. 4/ for me it used to be fomc and nfp but Welcome to FXGears. You can trade gold by: Create a trading account; Choose which underlying gold market you want to trade; Open your first position; Monitor your trade using technical and fundamental analysis; Gold futures. What sessions are you trading Gold? Personally I prefer silver than gold because the spread is lower and the payout is much bigger. 2/ Dxy sometimes has opposite move to gold but its by no means a trade signal as often they will move in the same direction. Divergence really help me a lot you just need to master price action confirmation to enter a position. The Dollar is the only trade. Youll TP faster. Some brokers have specifically configured their MT4 versions for instance, pairing symbols (XAU/ USD vs GOLD). I can't get a consistent 20-day green, for example. You have to find a trend Trade around S/R following the trend Oct 7, 2024 · Gold Forex trading involves analyzing and speculating on the value of gold against fiat currencies within the forex exchange market, with XAUUSD being the most popular trading pair. It will eat your account for breakfast. Welcome to FXGears. I'm not sure why. vpgrb yndls dcxjiyrn ilwsp uief ahegh wqptxio jipstqq dsabdm wckweu