Guides
Read, understand, then trade.
Short, practical guides for people learning to trade gold. No hype, and a worked example in each.
Start with the basics
All lessonsLesson 1.2
What is a pip in trading?
Pips explained for beginners: what a pip is on forex and on gold, how to count them, what MetaTrader's points are, and what a pip is worth in money.
Read the lessonLesson 1.3
What is a lot size in trading?
Lots explained for beginners: what 0.01, 0.10 and 1.00 lots mean on forex and gold, what each is worth per pip, and how to choose a lot size you can live with.
Read the lessonLesson 1.6
Gold trading hours: when does XAU/USD open?
Gold trades almost 24 hours a day, Sunday evening to Friday evening. See when XAU/USD opens and closes in UK time, the daily break, the sessions, and when gold moves most.
Read the lessonLesson 2.2
Buy limit vs buy stop: order types explained
Market, limit, stop and stop-limit orders explained for beginners, with a gold example and a simple picture of where each order goes and when it fills.
Read the lessonLesson 2.3
What is a stop loss? Stop loss and take profit explained
What a stop loss and a take profit are, how they work on gold, what they cost you in money, and why a stop can fill worse than planned. With worked XAU/USD examples.
Read the lessonLesson 3.2
How to calculate position size, step by step
Work out your lot size for any gold or forex trade in four steps: your risk in money, your stop in pips, the value of a pip, and a simple division. With worked examples.
Read the lessonLesson 4.2
Gold signals: how they work and what to watch out for
What gold trading signals are, why your results differ from the provider's, the red flags of bad signal groups, and what a good one looks like. Plain English, with real numbers.
Read the lesson