Gold futures trading basics
Let me start out by saying that Gold is a market a lot of traders think is an easy way to make money. Let me assure you, there is no easy way to make money. Trading Gold Futures is hard work and requires, quite a bit of training.
You need discipline and a strict plan on how you are going to trade. You need to test your plan and then demo trade for a month. This will get you ready for trading real money and give you the best chance of success. We all know that gold demand for Jewelry and manufacturing is something that keeps demand for this metal high.
Did you also know that banks or governments can create more demand or supply of gold with their huge stockpiles of gold. It is seen as an anti-inflation hedge, so you can see some large price moves in Gold when you have Monetary Policy or Inflation announcements. I will show you a screen shot of an ECB rate decision and how Gold can move. You need to have at least 5, to open most accounts and that is the near the minimum margin requirements to trade one contract.
Look at the chart from today. You will see we were able to capture a very nice large move after the ECB announcement.
Why consider investing in gold?
If you are brand new to Futures Trading, then you should learn more about Futures Trading at http: Gold will usually move fast after news and then settle down. So one of the keys to your trading is to trade early in the morning, around 8 to 10 AM New York time and then be done for the day. In the example we were done trading this market in the first 30 minutes of trading and the market just chopped around after that.
So, for those that like to trade a market which can move very fast at times Gold is a great market. I just want to caution folks that it can move very fast against you. In all of our systems, we have exact Entries, Stops and Targets on every trade. Start slow, with one contract, demo trade and get ready to turn Gold into Green! Call Us - or Premier Trader University - Online Trading Courses.
Gold Futures Trading - Basics, Advantages and Risks
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How To Trade Gold Futures. The first step is to setup a Futures Trading account. You can do this form most Brokers, like www. More Futures Resources Futures Trading Education How To Trade Futures Learn To Trade Commodity Futures How To Trade Gold Futures How To Trade Grain Futures Advanced Futures Trading Strategies Futures Trading Course Reviews.
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