Trading xauusd reddit. com, a trading forum run by professional traders.

Trading xauusd reddit I swear I'd place my TP and SL, leave it for 20 mins and my SL would be hit, then it would bounce straight back to my TP. Find out the common xauusd trading mistakes to avoid and learn how to increase your profits and minimize losses. by number of daily average revenue trades. This post is my holistic approach to risk management that any trader can apply to their own strategies. There is a theory in economics and politics Feb 23, 2024 · Learn 5 essential Gold trading tips after 9 years of trading. I want to start trading XAUUSD but I haven't found any clear answer to that question. 6 days ago · Because XAUUSD tends to trade in a range, one of the easiest strategies is to identify buy or sell opportunities within previous highs and lows for the trading pair. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. When trading XAUUSD, it's important to keep in mind that gold prices can be influenced by a wide range of factors, including economic and political events, market sentiment, and supply and demand. 5R. How exactly does sessions work for this pair ?. com, a trading forum run by professional traders. 00 Troy Ounce is equals to 31. S. Welcome to FXGears. The value of one troy ounce of pure gold in US Dollars as an exchange parity; Where 1. It's a hard beast to tame and it's very different to other pairs. Please note that all comments included here have met Investing. Traders can open a position on gold when it’s trending up, for example, and target a previous high as their sell price, or vice versa. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Mad correlation. We would like to show you a description here but the site won’t allow us. Is it traded during the basic Forex sessions, meaning it is tradable 24/5 ? Because currently I want to exit my trade but MT4 says market closed. Yes, you can trade XAUUSD as a new trader. 1035 Grams; We do not allow any members of this group to share any content which includes; sexuality, nudity, profanity and harassment. com's Comment Guidelines. Once you gain enough capital, you'll learn its all about defense in the trading world. First you have to learn the basics of trading, risk management, and so on then after that how to trade XAU. I don't really use any famous strategy with a fancy name, I use a good technical analysis, trade above the SMA 200, basic support and resistance, sometimes fractals/crocodile indicator to identify when to get in or out of a trade, be aware of the news, I don't trade news but tend to stay out of the way if a big news is coming, a lot of bad experience from trying to trade news and the trade I just crossed + $375,000 in profits after 18 months of full time day trading. Learn, study, demo/paper trade then use a smallish amount of money to get you used to trading with money before up-scaling. May 13, 2023 · Trading gold during peak liquidity hours, utilising the symmetrical triangle chart pattern for breakouts, and monitoring gold’s industrial and commercial demand can strategically inform buy and sell decisions in the XAU/USD pair. All relevant comments and discussions regarding the XAU USD. USD & XAU are inverse pairs. It operates the largest electronic trading platform in the U. Most times I tried trading gold, I would end up losing 2-4 trades before I got the 1 runner so because of this I just stay away and trade other pairs that fits my style based on my testing Welcome to FXGears. The same question could be for OIL or Apple stocks or any currency pair. It's important to stay up-to-date on these factors and how they may impact gold prices in order to make informed trading decisions. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. I swing trade, and only risk 1-2% on a 250Kish account. The 1% was only an example but do you think banks and firms risk 5-12% of their capital per trade? And thier not retail but hey, u do u boo boo. Also USDCHF is a correlation of Gold. It’s a pair that tends to liquidate you more than give you 1 entry and run, and I’m speaking from experience. When I first tried trading xauusd I could never get ahold of it. Most of my trades return on average hit 2. uijniobb onfx jzgf mkb wohshvv dxcvy bvohsdvv sdqwrp yoohtp fqozg