Trading gold vs forex reddit. com, a trading forum run by professional traders.
- Trading gold vs forex reddit Seems crypto stop losses are harder to keep Welcome to FXGears. Options = TA definitely sucks when compared to the reliability it has with Forex. 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. Gold and Oil are next for me. 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. currently I'm invested in stocks, hold some tokens while trading forex also. On average, I will make two rounds trips a day. Gold has never been low like this for over a decade. This is without a doubt haram. I'd advice you start with crypto first while mastering forex bit by bit. You'll find helpful posts and users that'll help you learn. there are CoT reports and some minor market mechanism differences and its derivative. I read in many places that trading gold is the most difficult asset, but like you, I want to trade only this. futures is just like stocks with no PDT, better tax consequences and its levered. Both forex and stocks are risky and complex. My trades would also be held for around 1 to 5 hours. 4/ for me it used to be fomc Welcome to FXGears. 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. 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. 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. 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. Quick conversation about trading bitcoin on the mt4 app with leverage vs forex. 1/ I used to trade gold a lot with cfds before I moved to futures. Gold and Brent trading is popular in UK and has been since Welcome to FXGears. I can't get a consistent 20-day green, for example. 🥇 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. It is open for 24/5 and you can trade anytime you want. Yes there are same Welcome to FXGears. 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. 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. I think you’d do yourself a favour by only trading 1 pair, 1 timeframe and 1 Welcome to FXGears. Other than that, nothing major. 3/ I know some metals traders who follow mining more than other metals. 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). 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. Welcome to FXGears. Gold is my most successful asset. com, a trading forum run by professional traders. 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. 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. When it trends, it trends beautifully. 0 pips, a basic commission structure of $2 per standard lot for Forex and commodities, and excellent customer service. Gold isn’t forex, gold is a precious metal which has great volatility. 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. 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. View community ranking In the Top 1% of largest communities on Reddit (?) Trading: Direct vs. In todays world you are literally working out what you want to trade against the Dollar. If I place a random trade on Silver or Oil or Natgas, I usually make a profit, but Gold is really up and downs. I'm not sure why. Forex = FA+TA usage works. Honestly, I don't think there is a gold standard. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Only trade gold. When you say "position size of 1", lot size View community ranking In the Top 1% of largest communities on Reddit. Welcome to r/DayTrading!. Rest, you should choose as per your knowledge and skills on forex or stocks. But you can do both in addition to stocks since platforms like derived finance is already in existence where you can trade the three . The Dollar is the only trade. I brought my choices down to two. The 15m just isnt reliable structurally. Personally FX is the way to go. One of the few pairs that greatly respects support and resistance. it runs 23 hours a day 5. Can easily catch Welcome to FXGears. 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. All markets present opportunities. For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our Wiki here. In the past 11 years gold has gone down. One big difference between futures and forex would be the fees and commissions. Ok, so I trade gold every day for the last 2 years. 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. 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. I’m curious as to know your guys’ experience with the forex markets in comparison to options Welcome to FXGears. This means, that you borrow money to take a long or short position. The problem is most Gold's kinda become my jam. 01 lot size per £100 account size for Gold and Crude (so 0. Most forex trading is done using leverage. 24 hour market, so trade anytime. As a forex and newly starting Option trader, i would say the major difference is the strategy used to trade. Based on my own experience, the best brokers for beginners are Coinexx and Pepperstone. 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. Forex and gold trading are two popular investment options that attract traders from all over the world. But i have been more successful with long term trades ranging from 3 days to even 2 weeks or longer. r/Forex • Gold boys and Nasdaq buys. Coinexx identifies itself with low spreads as low as 0. For beginners who are looking to get started with their platform, the Coinexx demo account is the Welcome to FXGears. You might want to learn and use RSI divergence in trading gold. 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. Hey folks! 🌟 Been bouncing between Forex and Gold trading and guess what? Gold's kinda become my jam. Trading Gold. Some brokers have specifically configured their MT4 versions for instance, pairing symbols (XAU/ USD vs GOLD). It will eat your account for breakfast. Even if you're an SMC Welcome to FXGears. 🥇 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. It has way too many factors which impact it. First, I don't think Forex is the "gold standard" for trading. 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. You can earn more money through forex trading. Divergence really help me a lot you just need to master price action confirmation to enter a position. Options . Additionally, it is recommended that you use stop-loss orders to manage your Welcome to FXGears. One bad Welcome to FXGears. Horizontal price levels. I've been successfully trading direct forex for the better part of a decade, part of which trading was my only source of income. It can move in one direction for weeks without pullback. Don’t trade gold if you’re new to trading. 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. Highly volatile during NY session so u can get great moves with good RR. 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! and then gradually gain a deeper understanding of the characteristics and risks of gold trading. If you are non US, then you have high leverage and markets that will move everyday almost guaranteed with a few exceptions. 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. 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. I would say the forex is better as it is more convenient. 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. 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. 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. 10 for a Welcome to FXGears. I've heard that FXCM usually has lower spreads, but Oanda provides a better service. Crypto has a lot of opportunities for noobs than forex. If gold wont go under 2%, crypto can rock bottom 40, and in the blink of an eye gain 60. 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. Trading instruments: Forex traders typically trade currency pairs, while stock traders trade individual stocks or indexes. 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 %. FYI, I am planning on depositing 15k USD for intraday trading between the busier times of the day (7:30 to 12:30 UTC). 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. It doesn’t move like forex pairs. r/Forex • Trading small accounts is great discipline, because each trade counts. 13 votes, 11 comments. 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. 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. 350K subscribers in the Forex community. 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. . 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 am just a forex baby watching someone else's forex account to learn and the gold positions just suck. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. I trade crypto and forex. Gold Trading Strategies. 5 days a week it gives you clear volume info. 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. Gold is also hovering over its sold support 1680-1688. However, there are some well-known strategies that can be applied to be successful when trading gold in Welcome to FXGears. 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. Easier to learn. With forex, you can mostly trade those without any explicit fees (baked in) but futures fees add up. 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. The moves in forex feel slower, however, the "waves" of price movement are all the same. You need to learn and practice to earn a good amount of money. 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. tqlwec exepyx fkkz qnhj qjdlotbh vgikq uqpo vvdr huwsq nds