Set and Forget Forex Trading
Often times, people want to get involved in trading gold, but they don’t have the time or the desire to spend all day researching trends and market prices. The good news is there’s a strategy for those people called “set and forget.” The strategy is exactly how it sounds: you come up with a trading […]
Using Confluence for Your Forex Trading Plan
Newbies to trading gold on forex can easily get overwhelmed by all the terms used in the market. Confluence is one of those terms that can be difficult to understand, but valuable once it’s learned. When you understand what confluence is and what it signifies, you’ll be able to make better trading decisions. Not to […]
Forex Trading Support and Resistance
Any expert in trading gold online utilizes forex trading support and resistance. Being able to spot these areas on a chart can help make better short-term and long-term decisions, rather than making a knee-jerk reaction to a market spike or plummet. One unique thing about support and resistance is how differently people measure them at […]
Forex Trading: What Are Moving Averages?
Moving averages are pretty much exactly what they sound like when it comes to online gold trading. To determine a moving average, you will look at the average gold closing price over a certain number of years. This may seem like a lot of number crunching, but it will make much more sense when you […]
What Are Breakouts and How Can You Take Advantage?
There are a large number of terms to learn and understand when trading gold on forex, but “breakout” is one of the easier ones to remember. A breakout happens when the gold price breaks out of a certain range or other elements like support and resistance levels. When using breakouts in your trading strategy, the […]
How You Should Run Your Trades Like a Business
The biggest mistake people make with gold trading is treating it like a hobby instead of a business. Viewing gold trading as a hobby will only make you hobby-type money, and you’ll most likely lose more than you earn. The first step in treating your trades like a business is having a business mentality. Turning […]
These 5 Tips Can Help You Beat the Market
Beginner gold traders may have the attitude of wanting to dominate the market. That’s the right attitude to have, but it has to be backed up with smart decisions along the way. The truth is, the gold trading market can be beaten. It doesn’t happen effortlessly, but with the right strategies and discipline, you could […]
5 Ways to Improve Your Forex Trading
If you’re not constantly looking for ways to improve your gold forex trading, you’re likely not seeing much success. No trading strategy is perfect from the beginning. Whatever your strategy is, it will require a lot of tweaks along the way. The worst thing any gold trader can do is be stuck in their ways […]
An Insider’s Look at Inside Bar Trading
Most gold trading strategies rely on what the price of gold is doing. However, with inside bar trading, it’s actually more beneficial to focus on what the price is not doing. Using inside bars as a trade strategy is nothing new, but there are many different ways to look at them. Once you learn enough […]
Taking Advantage of Pin Bar Trading
Gold investors have to look at a multitude of different strategies to find the best one for them. The pin bar trading strategy can be one of the most effective once you learn exactly how to use it in your gold trading. The components of a pin bar include the tail, the nose and the […]
