Research the best ways to trade the market. This is one Basic Gold Guide.
Understand price fluctuations. The other Basic XAUUSD Guide is learn about market moves.
Basic XAUUSD Guide Tutorials- About XAUUSD Lessons
Get a charting software platform which allows you as a trader to see the prevailing price as it happens and a charting package that makes technical analysis tools available for you to use to analyze charts. Most popular software is MT4 Platform. It's easy to use, chart are well presented & the software has multiple analysis tools for a trader to choose from. The software displays charts on the computer PC screen: the charts show the current buy & sell trading prices. The software platform helps you keep track of your funds & how the instrument which you bought or sold is doing.
Basic XAUUSD Tutorials - XAUUSD Software
Download MetaTrader 4 Platform
The screen-shot below shows the user interface of MetaTrader 4 Platform.
Basic XAUUSD Guide Tutorials About MetaTrader 4 XAUUSD Software
Learn a basic XAUUSD Guide system which gives you an indication of when to enter and when to exit trades. Following the markets price action is a popular method that professional traders have been using for over a hundred years before charts. Candle-stick patterns, technical indicators & systems can also be used. All these techniques are discussed in detail on tradeforextrading.com.
Basic XAUUSD Guides - XAUUSD Systems
- Trading Market Systems
- Create a Strategy
- Writing System Rules
- Generating Signals
- Tips for Systems
- Writing a Journal
- Writing a Plan
- Stochastic XAUUSD System
- Moving Average Cross-over System
A good Basic XAUUSD Guide System uses the Indicators below:
Please Study Them Prior to Developing Your System
- RSI Indicator
- Stochastic Indicator
- MA Indicator
- Parabolic SAR
- MACD Technical Indicator
- Bollinger Band Indicator
- ADX Indicator
Example of a System
Basic XAUUSD Guide System
Begin with a demo account before trading with real money. First start learning about Basic XAUUSD Guide byopening a practice trading account and practice with this demo account, until you get to learn & understand how the market works and when you are confident and consistently making good profit on your demo account then you can open a live account.
Basic XAUUSD Guides - Account Tutorials
When you open a real account, trade with your plan & learn how to manage the emotions in xauusd trading by learning about market Psychology.
Basic XAUUSD Tutorials - XAUUSD Trading Market Psychology Topics
