I am new in forex but don't know about gold

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  • #1 Collapse

    I am new in forex but don't know about gold
    If you are new Forex trader ,you need to practice in demo account.you need to open cent account real money investment .you need to watch in market movement .This is very much important to a Forex trader.Most of the important think is learn about in Forex.
     
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  • #2 Collapse

    i think as a new trader you should know perfectly about gold market. gold market is so risky, because gold market move so faster than other market. when you will be an experienced trader and will have a strong amount of money such as up to 200$ then you should enter in gold market..
       
    • #3 Collapse

      really i don't trade with gold never before , But sometimes I'm doing my analysis of gold to help only to find out its future directions only, but I do not advise you to trade in gold at all, because the movement of gold fast and violent, and this may introduce capital loss.
         
      • #4 Collapse

        As a new trader, focus on understanding and trading the major currency pairs. There are uncountable opportunities to profit from these pair. Gold is a very volatile commodity and its movement can be very erratic. When you master the major pairs, you can then trade gold.
           
        • #5 Collapse

          As a newbie, I will advise you to not to go near gold or even dare it and only stick to trading currency pairs for now. Although one can make lots of profits from gold but the risk and stakes are high. Gold can clear one 's account within one hour if the market should go against him or her. One has to have enough money in his or her forex account before he or can trade gold.
             
          • #6 Collapse

            I think that gold trading is like other pair trading with the same calculation but gold takes a big volume / spread and gold is exchanged with various currencies and so it becomes difficult to measure so many news of various currencies to take a decision for trading ; moreover we should not trade gold with small amount of money rather it is better to trade the majors
               
            • #7 Collapse

              If you are new about the forex, then forget about the gold trade. you should not trade with the gold as you are a newbie. because there are so much fluctuation that you can not withstand with that. so you have to consider the currency trade in forex
                 
              • #8 Collapse

                The forex market has so many trading instruments that we trade with and one of them is gold. It is the most lucrative and volatile trading instrument that we have in the forex market. You have to really learn a lot about it and use the demo account to practice so many strategies that you can be using to trade it profitably before trading it in your live account as a new trader.
                   
                • #9 Collapse

                  you do not have to trade gold to be called a trader. have you finished learning all you need to successfully trade the common currencies pair? or because gold can extremely move compared to currency and you are lured? please tread softly. in this arena, only the slow and steady always win this race for profit.
                     
                  • #10 Collapse

                    please i beg you as a newbie don't go near gold that pair is too volatile and too erratic if you go near it then be prepared to lose all your money forex is risky but trading gold as a newbie is even riskier because the tendency of losing your capital in a single trade is very high
                       
                    • #11 Collapse

                      look my friend if you are new in this business i need to tell you something try to avoid trading in gold in the start of your trading time because trading with currency pairs is more easy than gold and the strategy in the forums talking just about currency pairs
                         
                      • #12 Collapse

                        i do not have a experiences to trade by gold in Forex market and i know to make order position for gold its required a big money capital and the spread for gold is big too,i do not prefer to trade by gold cause its very risky and required bi experiences and skills
                           
                        • #13 Collapse

                          If you are new to forex trading, then you should stick with the major currency pairs and avoid trading gold because gold is actually much more volatile than the currency pairs. One wrong move against your trade in gold can wipe out all your capital. So stick with the major currencies for now.
                             
                          • #14 Collapse

                            I wouldn't trade gold if you are a newbie out there. It's expensive to trade with your margin and you tend to have a higher risk of getting a margin call to empty your account quickly. So I would do this when you have enough experience and money in your account
                               
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                            • #15 Collapse

                              its just like the same as the regular pair of currency in the forex market mate, but more volatility compare to other pairs, gold pair is good pair as long you know how to trade with it, i personally love this pair because it can give us more pips in just a matter of time, but also consider to always put a SL point when you trade in gold.
                                 

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