Solutions to 3 Common Gold Forex Trading Mistakes
Gold forex trading is not a foolproof venture, and you need to be methodical in order to have success. Some missteps or losses are inevitable, but there are also many mistakes that can be avoided if you are aware of these common errors and take precautions to avoid them. Here are three common gold forex […]
How to Use Ichimoku Kinko Hyo Indicator in Gold Forex Trading
Understanding how to read chart indicators can help transform you into a successful and profitable gold trader. According to the Forex online trading school BabyPips.com, Ichimoku Kinko Hyo (IKH) is the chart indicator with the best performance over the past five years. According to their analysis, it generated a return of 30.35%, compared to minus […]
3 Major Factors Affecting Gold Prices
Though many precious metals are purchased and traded as investments, no metal is more popular in online trading than gold. Gold acts similarly to a currency – in fact, it was used as a currency by cultures all around the world for centuries before being replaced by paper currency. This is why it is traded […]
Trade Gold Successfully by Understanding Moving Averages
Successful gold traders can look at a chart and see everything they need to know about where the market has been and where it’s going. If you look at a gold trading chart and your eyes start to glaze over, don’t worry. As you start to understand key concepts like moving averages, you can unlock […]
Using Fundamental Analysis for Gold Trading
Whether you’re new to gold trading or have been successfully wheeling and dealing on the markets for years, it should come as no surprise that world events have a significant effect on the price of financial instruments like currencies. The economy of a given company can be buoyed or sunk by the financial and political […]
What are Leading and Lagging Indicators?
Online gold trading charts tell you with absolutely precision where a gold-currency pairing has been, and tells you everything you need to know about where the trend is headed – if you know how to read it right. That’s where indicators come in. Indicators give you signals that can be used to make smart decisions […]
Which Time Frame Matches Your Trading Personality?
One of the huge advantages of online gold trading is that there is a trading time frame that matches every type of trading personality. Whether you are a fast and feisty scalper who likes the thrill of 1-minute charts, or a thoughtful trader who makes methodical decisions based on the daily chart, there is a […]
Understanding Gold Candlestick Charts
Gold candlestick charts tell you everything you need to know about market momentum and price action. They can give you a trading advantage, but you’re out of luck if you don’t know how to read them – until now. Use this guide to understand how to read gold candlestick charts and refine your trading strategy: […]
Is Gold Trading Better than the Stock Market?
The stock market is an overwhelming thing. Thousands upon thousands of companies are listed, each with their own nuances and intricacies that can affect price. When you trade gold against a currency, it is much easier to hone in and learn everything you can about that relationship. Knowledge is power, and you can become a […]
How to Trade Gold Using the Elliott Wave Theory
Ralph Nelson Elliott began studying 75 years of stock market data in the 1930s. Elliott’s thorough research uncovered that stock markets don’t actually behave in a chaotic matter, but instead rotate through repetitive cycles of highs and lows. Elliott dubbed the upward and downward swings “waves,” hence the name: The Elliott Wave Theory. In addition […]
