New to gold trading? Start with these six
These are the six questions new gold traders ask most. Each gets one sentence on how to think about it, a place to act right away and a piece that explains it in full.
Three steps a day
Is my money safe with a broker?
Find out which company actually holds your account, then try a small withdrawal first. Smooth withdrawals matter more than ads.
Where is gold going next?
Nobody calls it right every time. See what is moving gold today and where the key levels are, and prepare for both directions.
What data is due tonight, and how will gold react?
Payrolls, CPI and Fed decisions move gold the most. Check how far gold moved on past release days before holding through one.
Which method should I use? Should I use an EA?
Have a method you can repeat, and a stop on every trade. An EA executes; it is not a money machine. Understand what it does first.
I lost money and my head is gone. Now what?
Stop, work out the most each trade can lose, then come back. Write trades down so losses turn into lessons.
What is the gold price where I live?
Gold is quoted in US dollars per ounce. Convert it to your unit and currency to see the gap with shops and banks.