How to trade gold online for beginners

How to trade gold online for beginners

Of course as a beginner you will ask what is gold trading? Online gold trading is an activity of buying and selling on certain brokers in gold commodities, the purpose of this activity is simply to bring profit (profit) to the trader (trader).

In theory it is very simple, where you only need capital to buy or sell a stock in gold. But in fact you will need a strategy, in-depth analysis and mature decisions and apply the correct gold trading method.

Given the large number of enthusiasts of gold trading from Indonesia, I took the initiative to make a post "how to trade online forex gold for beginners" so that you at least know how to work so as not to suffer losses (without loss).

Gold Trading Method

After you know and register with one of the brokers, it's time to learn the tricks for trading gold without loss with small or large capital.

Scalping Method

This trick is usually done by traders to get continuous profit in trading activities by opening and closing positions many times in a day.

Disadvantages of using this method are usually the profits obtained are not too significant (small). Need persistence and high concentration, Requires a strong internet connection (reliable), need a Mainstay Strategy and are usually only effective in a certain time.

Day Trading Tricks

Trading strategies like this are actually very simple and are the easiest to use for beginners because they don't need many indicators or forex telegram group signals . The most important thing is feeling by looking at the chart (indicator of rising prices).

By paying attention to the chart chart, an idea will emerge or a feeling power to predict future asset prices in a matter of one day.

News Trading

This foundamental famous trading technique turns out to have a smaller risk, because it has an accuracy that reaches 70%.

Naturally, if you are interested in currency trading players in general, you only need to look for a trusted news source to execute / make orders and place the TP and SL that have been prepared from the start.

Swing Trading

this is one way of trading by holding an order position more than a day, two days, one week, even for a month. The purpose of implementing this forex swing trading strategy is to get maximum profit.

The disadvantage of this method is that if the price of the currency we hold does not show a positive trend (falling gradually and not going up again) then large losses will come even though this kind of thing in forex trading is impossible.

Trading Trend

In this case we will take steps to open the position and close according to the current movement of the currency. Trends itself means direction trends or currency conditions where there is a more dominant movement that continues.

There are two conditions that distinguish trading trends, namely:

Trend / Bullish Up trading , here we will take orders when a currency experiences a rise in value while the other one decreases.

Down trading trends , this condition is often referred to as Bear trading where we execute currencies when the currency conditions are while trends are decreasing, or more easily the opposite of Up trading.

Those are the five ways of trading gold online for beginners, which you can choose as a trick to get profit from trading activities in gold and gold commodities.

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