Trading gold is seen as one of the diversification of investments that can be done by traders because it can get the same benefits with gold instruments without having to have gold assets physically. But before actually plunge into the world of online gold trading, it's good to understand the following before trading.
STEP TRADING
If you have never traded gold in the forex market, you should know and tekuni first plan of forex trading and gold. When busy learning forex and gold trading is complete and you already know some of these basic trading plans, you can continue to begin to learn more about trading techniques so that you succeed in trading gold in the forex market.
Gold is generally traded in pairs with the Dollar with the XAU / USD symbol.
ONLINE GOLD TRADING PLANNING
To understand more about the trading plan in the forex market, you can note the picture above. The picture above is an example of how gold precious metals pair with the eye of US dollars (XAU / USD pair).
If investors are confident gold prices will rise, then investors can buy XAU / USD. Equally vice versa if it believes the price will drop, then investors can sell XAU / USD.
But is it as simple as that? Actually not, there are trading plans that you must go through such as technical and fundamental analysis and money management so that your trading can run smoothly.
THE ONLINE GOLD TRADING ONLINE
Forex market can be said is one of the largest market and is the base of investment to gain profit from trading. Regarding the advantages of on-line gold trading in the forex market is actually the same as the currency, among others:
Online Gold Market is Highly Liquid
Forex market is the market that has the highest liquidity in the world with trillions of transactions / day.
No Physical Delivery
Another advantage of gold trading in the forex market is busy trading does not involve the transfer of gold by physical means from the hands of the seller of the buyer. This then makes no cost costs such as storage, transportation and insurance that need to be removed when investing in physical gold (bullion)
Leverage Means
The leverage tools offered for gold trading allow traders to earn trading contracts with specific amounts and can use a guarantee (not necessarily pay full). For example on brokers who offer 1: 100 leverage, so what you need right now is a 1 Dollar fund for trading 100 Dollars of gold. Instead, you must deposit 1 Dollar earlier on the broker as margin (trading guarantee).
RISK
You as a trader must understand that there are many risks when you trade. There are quite a lot of risks that can arise from this online gold trading, ranging from a loss of several dollars to a margin call or even true bear total loss. This is what you must understand because this risk can never be lost or out of this online gold trading.
So is this online gold trading really dangerous and not recommended? Actually not too, as long as can manage the trading properly and correctly then things like this can be minimized.
Then how to minimize the risk with risk management?
Avoid greedy nature
Take enough, if it is felt to have a profit that is felt enough then immediately close your position. One of the most important things is that forex trading is not a tool to get big profits quickly, but how to develop your investment fund.
Always use Stop Loss
Again, risk is inevitable, stop loss is a way to limit losses. How big a loss can you tolerate in a transaction with regard to how much lot you open and how much equity for endurance. One of the most important things to consider either Stop Loss, which you use for trading is your real money where the slightest loss affects your trading psychology.
STEP TRADING
If you have never traded gold in the forex market, you should know and tekuni first plan of forex trading and gold. When busy learning forex and gold trading is complete and you already know some of these basic trading plans, you can continue to begin to learn more about trading techniques so that you succeed in trading gold in the forex market.
Gold is generally traded in pairs with the Dollar with the XAU / USD symbol.
ONLINE GOLD TRADING PLANNING
To understand more about the trading plan in the forex market, you can note the picture above. The picture above is an example of how gold precious metals pair with the eye of US dollars (XAU / USD pair).
If investors are confident gold prices will rise, then investors can buy XAU / USD. Equally vice versa if it believes the price will drop, then investors can sell XAU / USD.
But is it as simple as that? Actually not, there are trading plans that you must go through such as technical and fundamental analysis and money management so that your trading can run smoothly.
THE ONLINE GOLD TRADING ONLINE
Forex market can be said is one of the largest market and is the base of investment to gain profit from trading. Regarding the advantages of on-line gold trading in the forex market is actually the same as the currency, among others:
Online Gold Market is Highly Liquid
Forex market is the market that has the highest liquidity in the world with trillions of transactions / day.
No Physical Delivery
Another advantage of gold trading in the forex market is busy trading does not involve the transfer of gold by physical means from the hands of the seller of the buyer. This then makes no cost costs such as storage, transportation and insurance that need to be removed when investing in physical gold (bullion)
Leverage Means
The leverage tools offered for gold trading allow traders to earn trading contracts with specific amounts and can use a guarantee (not necessarily pay full). For example on brokers who offer 1: 100 leverage, so what you need right now is a 1 Dollar fund for trading 100 Dollars of gold. Instead, you must deposit 1 Dollar earlier on the broker as margin (trading guarantee).
RISK
You as a trader must understand that there are many risks when you trade. There are quite a lot of risks that can arise from this online gold trading, ranging from a loss of several dollars to a margin call or even true bear total loss. This is what you must understand because this risk can never be lost or out of this online gold trading.
So is this online gold trading really dangerous and not recommended? Actually not too, as long as can manage the trading properly and correctly then things like this can be minimized.
Then how to minimize the risk with risk management?
Avoid greedy nature
Take enough, if it is felt to have a profit that is felt enough then immediately close your position. One of the most important things is that forex trading is not a tool to get big profits quickly, but how to develop your investment fund.
Always use Stop Loss
Again, risk is inevitable, stop loss is a way to limit losses. How big a loss can you tolerate in a transaction with regard to how much lot you open and how much equity for endurance. One of the most important things to consider either Stop Loss, which you use for trading is your real money where the slightest loss affects your trading psychology.
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