Learn to trade gold, without the hype.
Trading, explained for people starting from zero.
Free lessons, calculators and straight answers. Learn how pips, lots and risk really work before you put a single dollar in.
No sign-up.Start lesson 1
Everything you need to start
- Stop loss
- 4024
- Target
- 4056
Built for beginners. Honest about risk.
Position size
0.03 lots
Our partner: Traders World
Like it here? Traders World goes much deeper.
PlainPips covers the basics. Traders World is the full thing: a video academy that starts from zero, daily gold trade ideas from six analysts, live sessions and a community trading every day. It's free, and you can look around for 7 days without depositing anything.
- Stop loss
- 4024
- Target
- 4056
Where are you starting from?
Rules that keep beginners in the game
Learn about riskRisk the same small amount on every trade
Put a stop loss on every trade, before it opens
Missed the entry? Skip it. Never chase price
Expect losing streaks and size for them
Common questions
Is PlainPips free?
Yes. Every lesson, guide and tool is free to read and use, with no account and no email needed.
Do I need money to start learning?
No. You can work through the lessons and practise with the calculator without depositing anything. Many brokers also offer demo accounts with pretend money, which is the right place for your first trades.
How much money do I need to start trading gold?
With 0.01 lots, the smallest size, one pip on gold is worth $0.10, so a typical 50 to 100 pip stop risks $5 to $10. Keeping that to 1% of your account means roughly $500 to $1,000. You can trade with less, but each loss will hurt more. Never deposit money you can’t afford to lose.
Can I really learn to trade online?
You can learn how it works, how to manage risk and how to read a trade plan. Becoming consistently profitable is much harder, and most people who trade leveraged products lose money. We’d rather tell you that now.
Is PlainPips part of Traders World?
No. We’re an independent site. Traders World is a partner we recommend when you’re ready to practise on real trade ideas.