Trading xauusd reddit. Learned all the correlations and indexes.

Trading xauusd reddit I just crossed + $375,000 in profits after 18 months of full time day trading. Mad correlation. 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 Welcome to FXGears. 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. by number of daily average revenue trades. Learn, study, demo/paper trade then use a smallish amount of money to get you used to trading with money before up-scaling. Whether you're a seasoned investor or just starting to explore the world of finance, this is the place to share insights, ask questions, and stay updated with the latest market trends. First you have to learn the basics of trading, risk management, and so on then after that how to trade XAU. I passed the prop firm evaluations only trading gold. Since it’s all I trade, I’m very familiar with it. S. So even if you lose some of your trades you will scale that hoe back up anyways iykwim Welcome to FXGears. Gold has spiked all time high since the beginning of Ukraine war and I'm trying to capitalize on this opportunity but I can't seem to find a It’s a pair that tends to liquidate you more than give you 1 entry and run, and I’m speaking from experience. This post is my holistic approach to risk management that any trader can apply to their own strategies. . Yes it does. See full list on vantagemarkets. com, a trading forum run by professional traders. Comentario, análisis técnico, análisis fundamental, proyección, opinión, entradas, estrategias, etc TODO lo relacionado. Protect capital. 371K subscribers in the Forex community. I really recommend only trading XAUUSD and spending all your trading time on one chart if you want to be successful with XAUUSD. I chose gold, observed the chart daily even if i not taken a trade that day. Trade groups, though some are designed to help, will handicap you more than help you. Yes, you can trade XAUUSD as a new trader. 5R. For the next week just wait for a retest of the broken level. Learned all the correlations and indexes. 5 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. When I first tried trading xauusd I could never get ahold of it. Jul 21, 2024 · The XAUUSD is a highly liquid asset trading 24/5, offering the opportunity to trade one ounce of gold in US Dollars. I only trade XAUUSD. It also puts you in a "I'm not good enough" frame of mind. It's a hard beast to tame and it's very different to other pairs. instrument:- Gold (XauUsd) Time frame:- Daily Trade Idea:- I'm looking for a short opportunity in Gold "xauusd". If you are wondering what Amateur Radio is about, it's basically a two way radio service where licensed operators throughout the world experiment and communicate with each other on frequencies reserved for license holders. Welcome to FXGears. 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. The same question could be for OIL or Apple stocks or any currency pair. The Director of the UN's New York office, Craig Mokhiber, resigned after 30 years at the organization over the UN's handling of the ongoing genocide of Palestinians in Gaza. USD & XAU are inverse pairs. 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. I've been searching all day for different regulated brokers that support forex, indices & commodities trades for US Citiziens but I keep running into US Regulations against trading XAU/USD & XAG/USD. Mar 17, 2022 · When I first tried trading xauusd I could never get ahold of it. As you can see that bears successfully broke the Support level which turns into its Resistance level. Today I only trade XAUUSD. I want to start trading XAUUSD but I haven't found any clear answer to that question. I feel like I have a good grip on its movement. Also USDCHF is a correlation of Gold. 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. Or check it out in the app stores Welcome to FXGears. Welcome to Reddit's own amateur (ham) radio club. 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. Once you gain enough capital, you'll learn its all about defense in the trading world. GOLD TRADE IDEA. it helped me. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. 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. It is a safe-haven asset and inflation hedge, which all well-diversified portfolios should consider. I swing trade, and only risk 1-2% on a 250Kish account. Find out the common xauusd trading mistakes to avoid and learn how to increase your profits and minimize losses. How exactly does sessions work for this pair ? 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. Get app Get the Get the Reddit app Scan this QR code to download the app now. 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. Most of my trades return on average hit 2. It’s all I need to turn a profit. Yes, you can trade XAUUSD as a new trader. com's Reddit Forex Trading Community! Here you can converse about trading ideas… Welcome to FXGears. It will cause you to rely on "other peoples analysis", be it the group owner or other members of that group. My favorite trading pair is XAUUSD, I happened to open multiple charts on same window and watch them daily eventual doesn't help me at all. 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. I did not want to miss out on any trade opportunities. Feb 23, 2024 · Learn 5 essential Gold trading tips after 9 years of trading. Sniper entries are most effective way for minimal drawdown. It operates the largest electronic trading platform in the U. In that time, I have had a maximum cumulative drawdown of only - $6,419 with an average drawdown of -$1,000. Para aquellos que les gusta el trading en XAUUSD - GOLD - ORO Al pie del cañón en el trading. com 5 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. r/trading_xauusd A chip A close button. You just have to be patient. Good risk reward ratio 5:1 , 10:1 , 20:2. This resulted in me doing waaaaay more work than necessary. If your strategy is consistent 70% 80% profitable,on those 20%-30% you don’t risk more then 10-20 pips max. Feb 10, 2021 · USD & XAU are inverse pairs. Am doing okay with just basic PA, supply & demand, fvg implementing on xauusd Welcome to FXGears. lfdlr cvubs yddw yicgio nebvch rsxc zjttzhh rbwv wfhn cjs