Steps To Setting Up for Beginner Traders

For beginners wanting to learn how to trade the market which is a complex market, the question is how to start? - The best method to learn is to first put aside your money open a practice trade account this way you as a gold trader can begin online trading without any deposit, meanwhile, train by reading online tutorials available on various different web sites available on the internet, although we would highly recommend just sticking to the one and only top, best, recommended XAUUSD guide website - this website, but feel free to go anywhere else and waste time on those other sites.

How Do I Start for Beginner Traders Tutorial? - learn Gold for Beginner Traders

How Do I Open Practice Account

This web site covers all Gold training lessons - the quickest method of how to start is to following the following steps:

Get a free online guide for beginners guide - this site
Find one of the best brokers
Download the free platform
Open a free demo practice - A demo is meant for practice, with this demo you as a gold trader can start practicing without investing/depositing or investing money, on this account you trade the live market only that you'll be trading/transacting with virtual funds.
After registering for a free Demo, come back to this website and on the homepage follow the steps and guidelines to start learning the lessons.

After following above guidelines, you're ready to start, begin with the free course like as shown above.

Learning these tutorial concepts will take atleast a few days to a couple of weeks of more, some concepts can be confusing for beginner traders at first, but here we've simplified them for you, but we will not to lie to you, some at first will be confusing. For example, you'll get knowledge about buy limit, buy stop, sell stop, sell limit, entry limit order, entry stop orders, I can feel some heads spinning, especially for the beginner traders, wait until you open the software platform & you'll freeze and stare at your screen for 10 minute trying to determine what is what. Don't worry within the next ten minutes this training tutorial will teach you the whole platform with 2 simple lessons and you will know the trading platform software & operate it with the ease that you operate the Microsoft Word Application: MetaTrader 4 XAU/USD Software Course

The software which's used for xauusd transactions is called MT4 or just MT4

The screen-shot below shows the user work-space of this platform.

How Do I Start for Beginner Traders PDF? - Gold Guide for Beginner Traders - How to Set a New Order on Software

Software for Online and Placing Orders

After this you're completely setup, navigate to the top navigating menu and access the tutorials explaining the terms used in the global market and other basic gold concepts and strategies.

Trading Platform Softwares:

What is a platform? This is the software used to connect to the market by connecting/joining traders to the broker so that they can place trade transactions through the internet (online).

Online Brokers:

Traders must place trade transactions through a broker: you as a gold trader can not trade xauusd without a broker. Brokers do not charge you anything to open a account, i.e. There is no setup fees. The broker only charges if you make trade transactions, if you don't transact you are not charged. The brokers make money by charging a couple of dollars for every trade transaction this is called the spread.

Charts:

Prices are analyzed through graphs that are commonly referred to as charts, in basics tutorial at top navigation menu of this siteesite, you'll learn these charts and how to analyze and interpret these charts to generate buy & sell signals.

Learn Charts Analysis - How to Start XAUUSD for Beginner Traders PDF

Learn Basics - Gold Charts and Technical Analysis

It is best to start xauusd gold trading with a demo first, then after you begin making profits on the demo you can then open a real account and deposit any amount you as a trader want, but before you do that make sure you read these three lessons, money management, leverage & margin, gold plan. Beginners ask the question how much money to start XAUUSD with? The answer is the more money you've in your real/live account the better the risk management, because you'll not be undercapitalized.

How Much Money to Start XAUUSD Trading?

Do not begin with $10, even if your broker tells you that you can begin with that amount, in fact do not begin trading with $100 as it is not enough to trade with. It's best to save up & start when you have $10,000 which is the minimum amount that's recommended to start investing with.

If you want to start with $10,000, open a micro account & only open micro lots

If you want to start with $100,000, open a standard account and open standard lots

There are 2 types of trading accounts that traders can open: micro & standard. For each the recommended beginning capital is specified above.

How to Use Practice Accounts

However, for beginner traders there is a practice account provided practice & this way beginner traders can start without any investment & practice risk free on the demo until they learn the basics and the various methods used in trading the market. It is recommended for novice traders to follow this technique and method where first they begin by practicing without depositing real money as they take time to learn what is needed to trade profitably.

Follow these guidelines:Learn to practice trading with a free demo for 30 days then open a real account

Technical Analysis & XAUUSD Key Concepts Training:

Know all about trading analysis & how to combine technical indicators to form a complete system which you can use to profitably generate signals. Read all the tutorials to make sure you've got all the required knowledge.

Finally, be ready to study and do a lot of hard work - study each & every topic here and practice these concepts on a free demo account.

We go above and beyond what most traders know when it comes to expounding what XAUUSD is and how market works and provide you with as many tools as possible. We go in to in-depth analysis of prices.

The data on this web site answers the question, how does XAUUSD work? & has more information than what you'll ever find on any other online trading training site or book, the screen-shots, pictures & image screen-shot illustrations make the explanations easier such that we've compressed years of experience on one web site. Be ready to study from these guides til you know how to make profits in the Market.

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