Trading xauusd reddit It’s a pair that tends to liquidate you more than give you 1 entry and run, and I’m speaking from experience. We would like to show you a description here but the site won’t allow us. 6 days ago · Because XAUUSD tends to trade in a range, one of the easiest strategies is to identify buy or sell opportunities within previous highs and lows for the trading pair. Mad correlation. Is it traded during the basic Forex sessions, meaning it is tradable 24/5 ? Because currently I want to exit my trade but MT4 says market closed. I don't really use any famous strategy with a fancy name, I use a good technical analysis, trade above the SMA 200, basic support and resistance, sometimes fractals/crocodile indicator to identify when to get in or out of a trade, be aware of the news, I don't trade news but tend to stay out of the way if a big news is coming, a lot of bad experience from trying to trade news and the trade I just crossed + $375,000 in profits after 18 months of full time day trading. com, a trading forum run by professional traders. Learn, study, demo/paper trade then use a smallish amount of money to get you used to trading with money before up-scaling. Once you gain enough capital, you'll learn its all about defense in the trading world. All relevant comments and discussions regarding the XAU USD. May 13, 2023 · Trading gold during peak liquidity hours, utilising the symmetrical triangle chart pattern for breakouts, and monitoring gold’s industrial and commercial demand can strategically inform buy and sell decisions in the XAU/USD pair. It's a hard beast to tame and it's very different to other pairs. When I first tried trading xauusd I could never get ahold of it. It's important to stay up-to-date on these factors and how they may impact gold prices in order to make informed trading decisions. There is a theory in economics and politics Feb 23, 2024 · Learn 5 essential Gold trading tips after 9 years of trading. I want to start trading XAUUSD but I haven't found any clear answer to that question. Most of my trades return on average hit 2. Also USDCHF is a correlation of Gold. com's Comment Guidelines. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. When trading XAUUSD, it's important to keep in mind that gold prices can be influenced by a wide range of factors, including economic and political events, market sentiment, and supply and demand. S. The value of one troy ounce of pure gold in US Dollars as an exchange parity; Where 1. 1035 Grams; We do not allow any members of this group to share any content which includes; sexuality, nudity, profanity and harassment. USD & XAU are inverse pairs. I swing trade, and only risk 1-2% on a 250Kish account. 5R. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. The same question could be for OIL or Apple stocks or any currency pair. I swear I'd place my TP and SL, leave it for 20 mins and my SL would be hit, then it would bounce straight back to my TP. by number of daily average revenue trades. How exactly does sessions work for this pair ?. Please note that all comments included here have met Investing. 00 Troy Ounce is equals to 31. Find out the common xauusd trading mistakes to avoid and learn how to increase your profits and minimize losses. Yes, you can trade XAUUSD as a new trader. It operates the largest electronic trading platform in the U. 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 Welcome to FXGears. First you have to learn the basics of trading, risk management, and so on then after that how to trade XAU. Welcome to FXGears. This post is my holistic approach to risk management that any trader can apply to their own strategies. 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. Traders can open a position on gold when it’s trending up, for example, and target a previous high as their sell price, or vice versa. The 1% was only an example but do you think banks and firms risk 5-12% of their capital per trade? And thier not retail but hey, u do u boo boo. obl pye csupzj artbw esv nsyulxj lwwoqnq pfzp uvqivw wgnnx