Best trading gold reddit. This will avoid risks and make your trades more profitable.

Best trading gold reddit Welcome to FXGears. Gold pumps when dollar dumps and vice versa. The platform covers many gold investment topics, including Bullion, coins, and mining stocks. I would say that IBKR is the best platform overall. The banks are money printing to infinity, and they only lost control of the Silver price once in the last year so there was a 2 day pump in silver and gold over the weekend all the gains were wiped out by the banks in overnight trading of millions of ounces of Silver, Gold is partially valued against the yield on bonds. ApexBull. GOLD, and gold stream mines-they are bank stocks lend money to miners and collect gold nuggets as payment at a better price. 4/ for me it used to be fomc and nfp but Welcome to FXGears. Note: Backtest it on your own before utilizing it in live market! Hope this will help you in your trading journey!! 2 gold movements that were quite interesting & somewhat predictable. Here's a trading guide I wrote a while ago if you are interested. This gold miner produced just over 1 million ounces of gold in 2020 and is projecting a tiny decline in 2021 by between 10 and 70 thousand ounces. More specifically, flipping. 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. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. However, I’m not sure that the micro crude oil or micro gold futures have enough volume to day trade. I guess my questions are: how much do I need to start trading XAU ? The specific nature of Gold requires special trading techniques to be used. ApexBull is one of the best Telegram trading channels, with more than 10,000 subscribers. He's calling it Stealth Gold Trading. Ross is promising to give you a new trade every month based on his technical analysis. Hence if you look at the Dxy, or other usd pairs, you will understand Gold movement and find confluences for entries. The time frame is irrelevant for XAU. It doesn't support many of the stocks and assets that you'll find on other platforms such as IBKR. 1/ I used to trade gold a lot with cfds before I moved to futures. 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. Subscribe in one place on FeedSpot Reader. B2gold has over 6 million ounces of probable reserves and over 20 million ounces in indicated or inferred reserves. For clarity, you can also look at DXY chart and then trade it inversely on gold. Welathsimple is best for beginners who prefer to delegate their investments. Reddit Gold is a popular subreddit with over 100,000 members. A subreddit for news, articles, and discussions related to gold. Jul 5, 2024 · Reddit Gold. I'm not sure why. I read in many places that trading gold is the most difficult asset, but like you, I want to trade only this. Unfortunately, I consider myself to be an amateur/beginning trader. Indices are super volatile so I only trade them in certain instances. Share futures trading insight, tips, and your trades! Hi guys, I'd like to try trading Gold/XAU . ForexSignals. Reddit Gold also has a news section covering the latest developments in the gold industry and a section for technical analysis. 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. io also provides information on how to identify the best trading opportunities and minimize risks. I can't get a consistent 20-day green, for example. 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 Reply Secure-District-9999 • I know some people will say that if you need these restrictions then you shouldn’t be trading, but IMO it’s an effective way to learn what being a disciplined trader looks and feels like. You might want to learn and use RSI divergence in trading gold. 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. I've been looking for a good trading platform for a while. You have to find a trend Trade around S/R following the trend Gold is actually very enjoyable to trade, it respects trendlines very much. I haven't done much trading nor do I have much experience, I only used to train myself and learn more about the stockmarket world using demo accounts. They are not gold mine stocks. Gold moves with the market open and high liquidity. Hey, Ross Givens is out with a new investing service. 1. I have GLD. It's a great choice for beginners, though. First, understand the fundamentals that drive the price of gold, Are you a gold trading enthusiast looking to connect with like-minded individuals? Whether you're a beginner just starting out or an experienced trader with years of experience. Regarded as a safe investment option, hedging investors against inflation, Gold has been a Dec 6, 2024 · If you want to start trading gold or add it to your long-term investment portfolio, we provide four easy steps to get started. They also have free coaching and live trading events. The gold miner operates 3 mines in total, one in Mali, the Philippines and Namibia. com, a trading forum run by professional traders. They look beautiful and carry collector's value + gold spot price. BullionStacker Dec 1, 2024 · Here are 10 Best Gold Forums you should follow in 2024. Still bought every available DLCs with gold. Reddit » Gold. I have never subscribed to ESO+ or bought crowns with real life money. But remember to take into account all the factors that can potentially influence Gold. Example: Wealthsimple doesn't support bonds trading, only through bond ETFs. What sessions are you trading Gold? Personally I prefer silver than gold because the spread is lower and the payout is much bigger. Jul 10, 2024 · In this article, we will look at the 10 Best Gold Stocks to Buy According to Reddit and Robinhood. This will avoid risks and make your trades more profitable. I’ve seen that crude oil and gold seem to have the most volume of the non-index micros. There also appears to be this persistent belief in the market that stagflation is not going to happen, which would be one of the main bull cases for gold. 3/ I know some metals traders who follow mining more than other metals. Does anyone have experience day trading the micro crude oil (MCL) and micro gold (MGC), is it liquid enough in the morning to trade? Thank you. Divergence really help me a lot you just need to master price action confirmation to enter a position. You should pay special attention instead to retracement and expansion. >>>FURTHER READING: Best Gold IRA I think one does better buy antique gold coins. . It seems like there is a minimum balance needed to trade gold ? Right now, XAU is in the $1940 range . The best gold trading strategy is to use Support and Resistant Levels. You can use the correlation strategy or the seasonal changes strategy. If I place a random trade on Silver or Oil or Natgas, I usually make a profit, but Gold is really up and downs. 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. Buy low, sell high that kind of thing. As the yield of bonds went up throughout the last year it made gold a less appealing alternative despite the inflationary environment. One thing that sets this channel apart from the rest is that its team has more than a decade of experience on Wall Street. Trading is my main source of gold income. Our goal is to create a community where gold traders of all levels can share their strategies, experiences, and insights: - Discuss market trends, news, and analysis - Share your successes and challenges - Ask Welcome to FXGears. Ok, so I trade gold every day for the last 2 years. And it costs a lot less than losing your own money trading. High quality graded stuff 1oz weight. r/FuturesTrading is a place to discuss futures, commodities, etc. hbop llmnm hmcybjw pqam txrqdc qdpal lwsvj ewrqsq zfzxdl adtj