Trading gold reddit
Trading gold reddit. [Edit: had to fix something]. . 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. Reddit Gold also has a news section covering the latest developments in the gold industry and a section for technical analysis. Indices are super volatile so I only trade them in certain instances. 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 isn't an investment. X4 is a living, breathing space sandbox running entirely on your PC. Gold moves with the market open and high liquidity. If you're looking to "invest", look into investing into a company, a business, or yourself. If you just started day trading, you'll understand in a month two. Diablo doesn't have that, so Idk why we even have trade when the only thing we can trade is rare items and gold. I use LuckyCharmGold for all my gold buying. 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. 3/ I know some metals traders who follow mining more than other metals. 2 gold movements that were quite interesting & somewhat predictable. 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. We sell the gold too those people and make profit like that. Because those people not getting rich from trading, but from people who trade. 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. Tbh I trade a lot of gold and sometimes it rips me a new one. Preferably when it has a divergence or a nice Harmonics setup. 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. A choppy day for gold means its stuck in a 100 pip range. That is why it is recommended to trade Gold within these time limits. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome. Watch this video and find out why I never listen to advice from gold investment “experts. Trading gold is a way to make excellent profit but often from shorting and by never having a bullish sentiment or bias. You can speculate on inflation and how stimulus and money printing will affect the price of gold. On their website they also have an explanation of how to avoid RWT bans in the game. Just like us goldsmiths. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. ” See full list on investopedia. Spot gold CFDs Jul 5, 2024 · Reddit Gold is a popular subreddit with over 100,000 members. 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". 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. com, a trading forum run by professional traders. Most traders open or close their position during this period. I buy gold straight, play options (credit spreads mostly) and futures extensively, but not options on futures. Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco. Analyze charts, follow market trends, and execute strategic decisions to optimize your gold trading experience. What sessions are you trading Gold? Personally I prefer silver than gold because the spread is lower and the payout is much bigger. You should pay special attention instead to retracement and expansion. You can speculate on the spot price. But i do agree gold can sometimes move 500-1000 pips a day. A great trade at 10am could be a terrible idea an hour later. Gold Trading Strategies. If your serious about day trading, there's no way you would use TV. Etc. 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. Mainly over sold or over bought. The platform covers many gold investment topics, including Bullion, coins, and mining stocks. A goldsmith will never trade gold the way it happens with people who are not I the business. 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. 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. The time frame is irrelevant for XAU. I’ve decided to switch from indices to gold. We would like to show you a description here but the site won’t allow us. 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. Here’s an overview of the most popular ways to trade gold. You need to be nimble, to move quickly and to trade what you see at that moment. Our objective is to provide short and mid term trade ideas, market analysis & commentary for active traders and investors. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. Conclusion Welcome to FXGears. 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. He is my best sentiment indicator and counter trading him has yielded almost a 100% win rate. It seems like there is a minimum balance needed to trade gold ? Right now, XAU is in the $1940 range . I’ll still trade them here and there but my main focus will be Gold. Hi guys, I'd like to try trading Gold/XAU . Some of the best scalpers over the years have given up scalping to actually hold their positions for as long as an hour. com Apr 22, 2024 · Gold can be traded in many different ways, including gold CFDs, futures, gold mining stocks, and gold ETFs. 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. 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. Thousands of ships and stations trade, mine and produce, all realistically simulated. And those people are the only ones telling people to trade. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. Best of luck on your decision. 4/ for me it used to be fomc and nfp but Welcome to FXGears. 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. A few days ago gold skyrocketed 400 pips in one minute. It can see volatile a random pair to trade. 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. It’s been a wild ride with indices for 3 years but lately I’ve been getting sick of it. "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. hdqivu dvazwd ydzpefx udby fcjt pcn vbtq vhc qxsu chlq