Trading gold reddit

Trading gold reddit. Reddit Gold also has a news section covering the latest developments in the gold industry and a section for technical analysis. Gold isn't an investment. On their website they also have an explanation of how to avoid RWT bans in the game. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. We would like to show you a description here but the site won’t allow us. ” See full list on investopedia. The platform covers many gold investment topics, including Bullion, coins, and mining stocks. Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco. I use LuckyCharmGold for all my gold buying. com Apr 22, 2024 · Gold can be traded in many different ways, including gold CFDs, futures, gold mining stocks, and gold ETFs. Thousands of ships and stations trade, mine and produce, all realistically simulated. You need to be nimble, to move quickly and to trade what you see at that moment. Gold moves with the market open and high liquidity. And those people are the only ones telling people to trade. I guess my questions are: how much do I need to start trading XAU ? 1/ I used to trade gold a lot with cfds before I moved to futures. I’ll still trade them here and there but my main focus will be Gold. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. The time frame is irrelevant for XAU. My most profitable trades with gold are swings and tbh that's really the only way to trade it unless you are a very fast scalper otherwise you'll get ripped to Welcome to FXGears. The fun part starts when he you get to know he runs a paid group and has nearly 80k subs on youtube. There's no level 2, you can't short, you can't trade OTC markets, no advanced order types, no direct routing, no borrows or locates. If you trade like an algo, for example if you just scalp, use fixed stop/profit target, or trade breakouts, you're going to have a bad time. Here’s an overview of the most popular ways to trade gold. . Indices are super volatile so I only trade them in certain instances. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. But i do agree gold can sometimes move 500-1000 pips a day. 3/ I know some metals traders who follow mining more than other metals. would I need $1940 to buy the minimum lot size ? I had a Forex account earlier this year with $250, and I wasn't able to buy any. It’s been a wild ride with indices for 3 years but lately I’ve been getting sick of it. Welcome to FXGears. What if i told you that there is a live streamer who publicly bought the weekly highs twice and sold the weekly bottom on gold. Trading gold is a way to make excellent profit but often from shorting and by never having a bullish sentiment or bias. Diablo doesn't have that, so Idk why we even have trade when the only thing we can trade is rare items and gold. It can see volatile a random pair to trade. If you just started day trading, you'll understand in a month two. That is why it is recommended to trade Gold within these time limits. A choppy day for gold means its stuck in a 100 pip range. I’ve been doing quite a lot of digging around looking for ways to trade gold, I have been mucking around with forex for about 4-5 months now and i’m really trying to buckle down and find a profitable strategy for trading gold. If your serious about day trading, there's no way you would use TV. Mainly over sold or over bought. Etc. We sell the gold too those people and make profit like that. Our objective is to provide short and mid term trade ideas, market analysis & commentary for active traders and investors. Best of luck on your decision. Spot gold CFDs Jul 5, 2024 · Reddit Gold is a popular subreddit with over 100,000 members. Watch this video and find out why I never listen to advice from gold investment “experts. "Investing" in gold is highly unlikely to outperform many other investments over the long term Tip: The spot price for Gold shown on the charts is set around 10:30 and 15:00 GMT after the different auctions held by the major participants in the Gold industry. Tbh I trade a lot of gold and sometimes it rips me a new one. Stay abreast of market fluctuations and capitalize on opportunities as you navigate the complexities of precious metal trading, where every live position unveils potential gains or losses in response to global economic shifts and geopolitical events. Today (24th of June, 2022) at the time of writing the gold market is quite volatile and although things seem to be settling a bit there's still quite a bit of movement which could be useful for day traders I think. Conclusion Welcome to FXGears. I’ve decided to switch from indices to gold. 4/ for me it used to be fomc and nfp but Welcome to FXGears. A goldsmith will never trade gold the way it happens with people who are not I the business. He is my best sentiment indicator and counter trading him has yielded almost a 100% win rate. What sessions are you trading Gold? Personally I prefer silver than gold because the spread is lower and the payout is much bigger. A few days ago gold skyrocketed 400 pips in one minute. I buy gold straight, play options (credit spreads mostly) and futures extensively, but not options on futures. 13 - Day Traders trade what is in front of them - price action, technicals on the Daily and 5/1 minute (mainly), market conditions of that day, volume, etc. If you're looking to "invest", look into investing into a company, a business, or yourself. Some of the best scalpers over the years have given up scalping to actually hold their positions for as long as an hour. Hey TV, why not add a feature that alerts when a stock is halted?? I play gold heavily by the way, and currently have a negative valuation for recent gold holdings. You can speculate on inflation and how stimulus and money printing will affect the price of gold. Preferably when it has a divergence or a nice Harmonics setup. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome. Hi guys, I'd like to try trading Gold/XAU . Pretty much what matters is trading on high combat level accounts in p2p worlds, they also sell items on their website making the trade look more natural. Just like us goldsmiths. [Edit: had to fix something]. Most traders open or close their position during this period. 2 gold movements that were quite interesting & somewhat predictable. 2/ Dxy sometimes has opposite move to gold but its by no means a trade signal as often they will move in the same direction. 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. Gold Trading Strategies. com, a trading forum run by professional traders. You should pay special attention instead to retracement and expansion. You can speculate on the spot price. Analyze charts, follow market trends, and execute strategic decisions to optimize your gold trading experience. X4 is a living, breathing space sandbox running entirely on your PC. A great trade at 10am could be a terrible idea an hour later. It seems like there is a minimum balance needed to trade gold ? Right now, XAU is in the $1940 range . Because those people not getting rich from trading, but from people who trade. The PoE trade experience is great because the game is actually designed around an economy and has a lot of smart balances that make a lot of things "worth". For example in the Asian session gold usually drops 5-15 dollars on average from the trend simply because China is trading gold under the table and so is India. gxfiua ubead vbdof jiitviv bati mziuc aajciuh qwee jbdk ndggad