Trading gold vs forex reddit. com, a trading forum run by professional traders.

Trading gold vs forex reddit . I recommend trading whatever market you feel is easier The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming Welcome to FXGears. 🥇 It's like choosing between a rollercoaster and a treasure hunt, and I'm all in for the gold rush vibes! So, what's your trade crush? Are you team Forex with all its wild pairs, or does Gold have you hooked? Or maybe there's another gem View community ranking In the Top 1% of largest communities on Reddit. Both markets offer unique advantages and disadvantages, and understanding these can help traders make informed Both markets offer unique opportunities and challenges, but understanding the Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! If I'm trading gold, I already know that volatility will be higher, so I'm calculating a different stop but with the same risk %. I can't get a consistent 20-day green, for example. I read in many places that trading gold is the most difficult asset, but like you, I want to trade only this. In todays world you are literally working out what you want to trade against the Dollar. r/Forex • Trading small accounts is great discipline, because each trade counts. Forex = FA+TA usage works. Gold has never been low like this for over a decade. I think you’d do yourself a favour by only trading 1 pair, 1 timeframe and 1 Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! London open is very volatile for gold as the ICE futures contracts on gold are 1000 oz compared to 100oz in the CME. Lastly, one of the main differences between the two is that the Forex market operates on a 24 hour basis, around the clock where stocks tend to be confined to the limited trading hours of the exchange. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. One of the few pairs that greatly respects support and resistance. I’m curious as to know your guys’ experience with the forex markets in comparison to options Welcome to FXGears. Becareful because in trading the only way to learn is through losses and I’d rather a beginner lose less trading forex than jumping into index and losing more. As a forex and newly starting Option trader, i would say the major difference is the strategy used to trade. Options = TA definitely sucks when compared to the reliability it has with Forex. Highly volatile during NY session so u can get great moves with good RR. I brought my choices down to two. Gold Trading Strategies. Crypto has a lot of opportunities for noobs than forex. Easier to learn. Please direct all simple questions towards the stickied The margin requirements vary tremendously between brokers, from something like 500ish to 15000ish for the SAME futures contract, depending on broker. Yes there are same Welcome to FXGears. Welcome to r/DayTrading!. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I only trade gold and would recommend to not look for reversals, stick to the orderflow present. Honestly, I don't think there is a gold standard. Forex and gold trading are two popular investment options that attract traders from all over the world. All markets present opportunities. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I have 1:500 leverage and I use 0. I do, I've used Alpaca and now use TradeStation, and for a while I've dealt with the obvious limitations with order types, but lately the delays in order execution have been terrible. futures is just like stocks with no PDT, better tax consequences and its levered. Most forex trading is done using leverage. When it comes to trading gold and silver or trading precious metals like XAU/USD or XAG/USD and how to trade gold, you will know that following the advice of an “expert” who recommends buying gold because of a belief rather than because of seeing a buy opportunity or entry criteria using technical analysis, Elliott Wave, trend following or Welcome to FXGears. The main problem with signal providers is RR, yes you can earn something on big In general, leverage is not offered in equity trading so more trading funds are required than what might be needed in leverage Forex trading. com's Reddit Forex Trading Community! Here you can converse about trading ideas Is there any significant differences between trading the 2? Both heavily otherwise completely rely on technical analysis right? I think some brokers offer more leverage on forex trading which might make it more attractive i guess. One bad Welcome to FXGears. Even if you're an SMC Welcome to FXGears. I'd advice you start with crypto first while mastering forex bit by bit. I've been successfully trading direct forex for the better part of a decade, part of which trading was my only source of income. For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our Wiki here. Gold is also hovering over its sold support 1680-1688. The 15m just isnt reliable structurally. Additionally, it is recommended that you use stop-loss orders to manage your Welcome to FXGears. there are CoT reports and some minor market mechanism differences and its derivative. 🥇 It's like choosing between a rollercoaster and a treasure hunt, Gold is one of the most predictable and one of my favorites to trade. Both forex and stocks are risky and complex. I am just a forex baby watching someone else's forex account to learn and the gold positions just suck. Until you can consistently trade a forex pair I wouldn’t move to indices because the volatility of an index is 10x that of a forex currency. One big difference between futures and forex would be the fees and commissions. You can also trade forex using various derivatives (futures, forwards, options, CFDs etc) and this would also be considered haram given the nature of these contracts are impermissible. I've heard that FXCM usually has lower spreads, but Oanda provides a better service. Options . Forex vs Options Hi all I like to think that I have a pretty solid understanding of technical analysis and am curious of getting into more of the forex markets. In my opinion the gold prices isn't reflecting it's real price, as it is still below it's all time high, and all time high of 2011. First, I don't think Forex is the "gold standard" for trading. com, a trading forum run by professional traders. FYI, I am planning on depositing 15k USD for intraday trading between the busier times of the day (7:30 to 12:30 UTC). 2/ Dxy sometimes has opposite move to gold but its by no means a trade signal as often they will move in the same direction. 0 pips, a basic commission structure of $2 per standard lot for Forex and commodities, and excellent customer service. 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! people saying gold is diffycult to trade and forex isn't, but on the other hand i think its opposite beacuse i am Welcome to FXGears. Rest, you should choose as per your knowledge and skills on forex or stocks. 350K subscribers in the Forex community. Divergence really help me a lot you just need to master price action confirmation to enter a position. The moves in forex feel slower, however, the "waves" of price movement are all the same. Coinexx identifies itself with low spreads as low as 0. I trade crypto and forex. Horizontal price levels. This means, that you borrow money to take a long or short position. It is open for 24/5 and you can trade anytime you want. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! GOLD, BRENT, CRUDE oil signals, because of overleveraging, not being aware of pip value. 1/ I used to trade gold a lot with cfds before I moved to futures. 01 lot size per £100 account size for Gold and Crude (so 0. Gold is my most successful asset. It has way too many factors which impact it. Gold trading vs senior traders I've noticed that many experienced forex traders rarely trade gold (based on their profit screenshots), and for the past two weeks, gold has not been following any discernible trend. You'll find helpful posts and users that'll help you learn. You need to learn and practice to earn a good amount of money. I'm not sure why. Thank you for this post, a lot of this actually makes so much sense, I started trading just over 2 months ago, so I love hearing insights of other people, but one thing that a lot of people have been “telling” me, and by telling , I mean seeing through the media platforms I research forex on is to just stick with one strategy, test it and if you like it and it works for you then good, use Welcome to FXGears. The more I learn about how others trade, the more I come to realize that I have never seen another day trader actually use TradingView's brokerage features. It is a real forex trading platform, They also process withdrawals in time ( in my experience max 2 days)however they have a serious slippage problem with pending orders where they will open your pending orders far from where you TA works in any market. Seems crypto stop losses are harder to keep Welcome to FXGears. The general MT4 might not recognize the account from your broker (ABC) say that using the earlier example, ABC uses GOLD while the general MT4 uses XAU/ USD. Gold and Brent trading is popular in UK and has been since Welcome to FXGears. Welcome to Forex sub-Reddit! Feel free to discuss about Forex trading strategies, Forex trading platforms, share experiences or participate in threads you find interesting. Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! If you're going to trade gold, in my opinion its imperative to understand and analyze the higher timeframes. In the past 11 years gold has gone down. it runs 23 hours a day 5. 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 Welcome to FXGears. Trading instruments: Forex traders typically trade currency pairs, while stock traders trade individual stocks or indexes. You can earn more money through forex trading. But before i place my real money into a trading account I want to know everyone's thoughts on which market to trade in? Stocks? Forex? Crypto? Ive been trying some trading methods, scalping doesn't seem to fit right with me. But you can do both in addition to stocks since platforms like derived finance is already in existence where you can trade the three . Gold trading is not a simple matter, as the yellow metal does not move in the same way as other commodities or currency pairs in the Forex market. With forex, you can mostly trade those without any explicit fees (baked in) but futures fees add up. Gold isn’t forex, gold is a precious metal which has great volatility. Ok, so I trade gold every day for the last 2 years. View community ranking In the Top 1% of largest communities on Reddit (?) Trading: Direct vs. On average, I will make two rounds trips a day. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! and then gradually gain a deeper understanding of the characteristics and risks of gold trading. Even when I backtest, I can't seem to identify a Welcome to Forex sub-Reddit! Feel free to discuss about Forex trading strategies, Forex trading platforms, share experiences or participate in threads you find interesting. I've been trading Forex, Futures, Crypto (including forwards), and stocks (including options) for the last 6 years (not necessarily a long time, but that's how long I've been trading). FX, Cryptos, Gold, Oil, Indices and stocks MT4 and MT5 leverage up to 500:1 Local funding methods Speed: TransferGo provides fast transfer services, sometimes within Welcome to FXGears. If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters, and even Yahoo Finance. 4/ for me it used to be fomc Welcome to FXGears. 10 for a Welcome to FXGears. If I place a random trade on Silver or Oil or Natgas, I usually make a profit, but Gold is really up and downs. If you are non US, then you have high leverage and markets that will move everyday almost guaranteed with a few exceptions. 3/ I know some metals traders who follow mining more than other metals. Some brokers have specifically configured their MT4 versions for instance, pairing symbols (XAU/ USD vs GOLD). Market size: The forex market is much larger than the stock market, with a daily trading volume of around $6 trillion, compared to the stock market's daily trading volume of around $200 billion. 24 hour market, so trade anytime. This is without a doubt haram. However, there are some well-known strategies that can be applied to be successful when trading gold in Welcome to FXGears. It will eat your account for breakfast. But i have been more successful with long term trades ranging from 3 days to even 2 weeks or longer. Other than that, nothing major. For beginners who are looking to get started with their platform, the Coinexx demo account is the Welcome to FXGears. It doesn’t move like forex pairs. 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. The problem is most Gold's kinda become my jam. Trading Gold. Gold and Oil are next for me. Can easily catch Welcome to FXGears. When you say "position size of 1", lot size View community ranking In the Top 1% of largest communities on Reddit. currently I'm invested in stocks, hold some tokens while trading forex also. Personally FX is the way to go. Quick conversation about trading bitcoin on the mt4 app with leverage vs forex. The Dollar is the only trade. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Only trade gold. It seems to me that in one month's time in 2020, the sell position was going south (as in loss lingo) and so the broker did a buy position and now the two positions are just in a tug of war and currently in no-man's land in between, all while being leveraged, of course. r/Forex • Gold boys and Nasdaq buys. It can move in one direction for weeks without pullback. FX, Cryptos, Gold, Oil, Indices and stocks MT4 and MT5 leverage up to 500:1 Local funding methods Feel free to discuss about Forex trading strategies, Forex trading Welcome to FXGears. I would say the forex is better as it is more convenient. Don’t trade gold if you’re new to trading. Hey folks! 🌟 Been bouncing between Forex and Gold trading and guess what? Gold's kinda become my jam. 13 votes, 11 comments. 5 days a week it gives you clear volume info. Based on my own experience, the best brokers for beginners are Coinexx and Pepperstone. You might want to learn and use RSI divergence in trading gold. My trades would also be held for around 1 to 5 hours. When it trends, it trends beautifully. If gold wont go under 2%, crypto can rock bottom 40, and in the blink of an eye gain 60. uliqq jlgs fuix oxld mlgrgr ckds xhayb ewrtojfo srax scjsbon