Trading Gold | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Spot gold EA from OG gold system 8 replies

Gold Miner - Gold future support and resistance level trade 7 replies

Trading system for Gold - Longterm, pension plan 5 replies

Trading Gold - An End of Day System 27 replies

gold trading spread widening 4 replies

Attachments: Trading Gold
Exit Attachments

Trading Gold

  • #1
  • First Post: Mar 26, 2006 1:39pm Mar 26, 2006 1:39pm
Dear friends!

Forex is good, but what interests and attracts me is gold also.
I am new to gold trading, I didn't start actually, but I would really love a few tips on gold trading.

Cheers!
Veni Vidi Vici
  • #2
  • Mar 26, 2006 1:44pm Mar 26, 2006 1:44pm
trade the YG, its a mini futures contract on gold, traded electronically. InteractiveBrokers offers that contract and anything else you want to trade.
Relax and be happy.
  • #3
  • Mar 28, 2006 7:42pm Mar 28, 2006 7:42pm
Will the real gold be delivered into my pocket if i win in gold market?
  • #4
  • Jun 1, 2019 5:02am Jun 1, 2019 5:02am
How does such trading happen? Do you trade actual gold or its price
  • #5
  • Jun 1, 2019 2:01pm Jun 1, 2019 2:01pm
Quoting Ki6ania
Dear friends! Forex is good, but what interests and attracts me is gold also. I am new to gold trading, I didn't start actually, but I would really love a few tips on gold trading. Cheers!
It’s a very old thread; by the way, Gold is one of my favorite trading pair! In addition, my strength of Gold trading is my chart reading skill.
  • #6
  • Jun 4, 2019 12:14pm Jun 4, 2019 12:14pm
Quoting ZikriIrfan
{quote} It’s a very old thread; by the way, Gold is one of my favorite trading pair! In addition, my strength of Gold trading is my chart reading skill.
Do you trade any other precious metals?
  • #7
  • Jun 5, 2019 12:48pm Jun 5, 2019 12:48pm
I also would love to have some experience in gold pair. What too look for ? Which signs it have which it differ from currency trading for example ? I do not see anything like that for real. Since some people say look at my chart profile - I will anyway.
  • #8
  • Jun 6, 2019 6:23am Jun 6, 2019 6:23am
Quoting LanaBanana
How does such trading happen? Do you trade actual gold or its price
Dear LanaBanana,

In short, there are many ways to trade gold. If it helps, one of the ways I trade gold is via CFD's (contracts for difference). Meaning I get the difference vs the price when I open a contract and then close it (aka buy/ sell or sell/buy). Most Fx brokers should have that option to trade gold via CFD's with symbols like XAUUSD, XAUAUD.... Other ways can be through gold futures, options or real physical gold.

Best Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #9
  • Jun 7, 2019 1:53pm Jun 7, 2019 1:53pm
First you need to learn gold trading. Then think about its trading. It is a very volatile instrument.
  • #10
  • Jun 7, 2019 2:01pm Jun 7, 2019 2:01pm
Any hint on the best way to learn gold trading. I think I like this particular instrument.
  • #11
  • Jun 8, 2019 6:51am Jun 8, 2019 6:51am
Quoting IamDaniel
Any hint on the best way to learn gold trading. I think I like this particular instrument.
A starter for ten - Buy it when the world is in turmoil, sell it when it isn't.
  • #12
  • Jun 14, 2019 1:22am Jun 14, 2019 1:22am
Quoting IamDaniel
Any hint on the best way to learn gold trading. I think I like this particular instrument.
Start a demo account and get your feet wet. There are a lot of resources at metalmines.com as well.
  • #13
  • Jun 14, 2019 12:32pm Jun 14, 2019 12:32pm
One learns this instrument like one learns any other instrument - through a lot of reading and practice.
  • #14
  • Jun 18, 2019 9:07pm Jun 18, 2019 9:07pm
Demo learning can improve your skills for gold trading, all best for the best trading. Hope earn well.
  • #15
  • Jun 19, 2019 11:38am Jun 19, 2019 11:38am
Quoting Butterscotch
Demo learning can improve your skills for gold trading, all best for the best trading. Hope earn well.
Demo trading helps in that regard with all trading instruments, usually.
  • #16
  • Jun 19, 2019 3:41pm Jun 19, 2019 3:41pm
Quoting mlawson71
{quote} Demo trading helps in that regard with all trading instruments, usually.
I would also recommend to trade LIVE (if it would appear you might "have it" in the DEMO), just to find a broker with minimal trade size if the loses worries you, because things are still different. It depends on the broker but you have more features at LIVE account and also the market might be slightly different also... I am sure many will doubt this but back in the days, 10y back.. Oanda had basically opened market over the weekend, just with very wide spread... until they changed the TRIPPLE A rating for US over the weekend basically.. than it was cracking over the weekend so no long after they decided to (completely) CLOSE the market over weekend (they most probably took a massive (moneymaking) hit, since this move was tectonic an relatively unexpected)... I remember to see the difference over the weekend prices LIVE vs DEMO... At DEMO there seems to be NO movement even though you could see the "crack" signs" at LIVE.. Also now you have ORDERBOOK at LIVE account, with DEMO you don't... Also there might be difference in the deposits/withdrawal options that you should also be familiar with and the interest (swap) rates that are also important... it might change your profitability even...

Just my 2...
Can you afford to take that chance?
  • #17
  • Jun 19, 2019 4:37pm Jun 19, 2019 4:37pm
Gold fundamentals are driven by things like certainty vs uncertainty, geopolitics, rates and dollar strength/weakness.

Gold has been in a sort of hibernation since late 2013 early 2014 so now is a great time to start trading it in my opinion. We are sure to see a lot of movement (it has already started the past few weeks) and you could have a great opportunity to identify and trade a developing trend.
Attached Image (click to enlarge)
Click to Enlarge Name: capture.png Size: 34 KB
careful not to step in a pile of it
  • #18
  • Jun 19, 2019 8:36pm Jun 19, 2019 8:36pm
Quoting bulltrap
Gold fundamentals are driven by things like certainty vs uncertainty, geopolitics, rates and dollar strength/weakness. Gold has been in a sort of hibernation since late 2013 early 2014 so now is a great time to start trading it in my opinion. We are sure to see a lot of movement (it has already started the past few weeks) and you could have a great opportunity to identify and trade a developing trend. {image}
Got a bit lucky on the timing of my comment but check the daily charts and you’ll see a strong trend forming now
careful not to step in a pile of it
  • #19
  • Jun 25, 2019 5:22pm Jun 25, 2019 5:22pm
Quoting Butterscotch
Demo learning can improve your skills for gold trading, all best for the best trading. Hope earn well.
That's what I started a few weeks ago. I've been doing OK but there is a lot to learn.

I have access to a TD futures account but I'm a bit apprehensive about getting into before I thoroughly test myself with demo accts.
If you have faith in our leaders of commerce, don't buy gold.
  • #20
  • Jun 26, 2019 1:10am Jun 26, 2019 1:10am
Quoting 676f6c64
{quote} That's what I started a few weeks ago. I've been doing OK but there is a lot to learn. I have access to a TD futures account but I'm a bit apprehensive about getting into before I thoroughly test myself with demo accts.
Hello; are you practicing only Gold? Or with others FX trading instruments?
0 traders viewing now