Learn XAU/USD Strategies

Before coming up with a xauusd plan a trader must learn about the various gold strategies that they can sue to trade xauusd. Coming up with the right xauusd strategy can increase your chances of becoming more successful in xauusd.

For traders that want to learn about gold strategies there are 50 strategies listed in the strategies section of this strategy. This strategy section also indicates traders how combine these strategies to come up with a xauusd system. The xauusd is a set of trading rules which will be used by the online traders to generate signals. For exemplification the trade system rules will specify how two or more indicators will be used together to generate a buy or sell signal.

As a trader the trading strategy you select should be applied on your trading once you decide what type of trader you're & what type of trading method you'll be using to analyze & interpret the xauusd market moves.

For examples you may decide that you want to be a scalper you will use your scalping strategy & only open positions for a couple of minutes. If you're a xauusd trend trader you'll use your strategy after you have decided the trend of the trading market. If the trend is upward you'll use your strategy to open buy trade trade transactions.

If you're a day trade you will use your strategy to open trade transactions that will only be opened for a couple of hours. Your trade positions should all be closed during the day & you'll not hold your trade transactions overnight. As for the trading method which may be that of trend following you'll first draw xauusd trend-lines on the chart to figure out the overall market xauusd/gold trend and after that you will then apply your strategy to open trades.

In analysis there are various techniques used to trade which a trader may use to ascertain which of these methods of trading they will be using when trading the market. After select in their method traders then will apply their trading strategy to open trades.

Types of XAUUSD Methods

There are 2 general methods of trading the markets, these are:

1.Trend Trading

2.Range Trading

Trend Trading

In this method a trader will first of all determine the overall market xauusd trend before applying their strategy to open trades.

To determine the trend - this can either be an upwards trend or a downward trend.

A trader may use trend lines or MAs to identify the overall trend. After determining/figuring out the market xauusd trend then the online trader can use their strategy to open trades.

For example a trader may determine that the market xauusd trend is upward by using moving averages. The trader may then use a xauusd indicator such as Bollinger band & open trade positions once the price retraces to the lower band because the lower band will act as the support zone of price. Therefore the strategy that the online trader will be using is the strategy of resistance and support levels & the online trader will be using Bollinger band to identify these points and open & close out trade positions based on these points.

Range Trading

Range trading is a method of gold trading that move within a particular band of prices and only oscillates between these 2 points without moving much outside these 2 points.

A trader will then use the trading strategy of support and resistance to identify which levels to open buy or sell transactions. The trader will draw a support line & a resistance line. The support level will be used to open buy trade positions and the resistance zone will be used to open sell trades.

The most popular method between these 2 is the trend trading method. Traders should always try to trade with the trend trading technique as this method is the most reliable technique when it comes to xauusd. Even though sometimes the market will be trending and at other times the market will be heading in a range when the market is consolidating traders should try to trade the market only when there's a trend. After determining/figuring out the trend traders then will use their strategy to identify when to open buy or sell trades that are in the direction of the overall market trend.

Once you have determined what type of trader you're: scalper, day trader or swing trader you should come up with the following:

1.Trading Method

2.Strategy

After coming up with this 2 you will then combine these 2 and use these to detect when to buy or close trades.

You can then practice trading on the practice trading account so as to identify profitability of your trading method and strategy. You'll then use the results to improve the profitability of your trading technique and strategy & once you have gained experience to trade with these 2 you as a trader can then open an account & start trading the live market.

Get More Topics & Courses:

Trade Forex Trading

Learn XAU/USD Strategies

Types of XAUUSD Methods