Exness » Exness Trading Blog » Gold Trading on Exness

Gold Trading on Exness

Exness is a famous forex broker provider that offers gold (XAUUSD) trade with more powerful spreads and high leverage up to 1:2000. Access the gold market 24/5 via multiple account types and advanced platforms for traders!

Open Exness Account

Understanding Gold (XAUUSD) Trading on Exness

Gold trading on Exness is about predicting the price trend of gold against US dollar (XAUUSD). This pair is popular among commodity traders who look to profit from the all ebb and flow of global economies as well sentiment in markets. Exness offers many new options from real-time quotes to more advanced charting tools, which are all designed keeping in mind that gold trading can attract thousands of traders per minute.

Based on their analysis about the market movement and golden price trading, traders can enter to a buy (long) or sell(short ) for gold. Exness offers tight spreads starting from 0.3 pips and rapid execution speeds, providing the best trading conditions for those devoted fans of gold!

Gold Trading Accounts on Exness

Exness offers a range of account types for gold trading to suit all kinds of traders, from beginner to expert trader. Each account has its unique features including varied spread structures, commission rates and minimum deposit requirement. Raw Spread, Standard account, Zero and Cent accounts are some of the trading options that cater for a wide range of needs and preferences.

Account Types (Raw Spread, Standard, Zero, Cent)

The Raw Spread account is ideal for experienced traders seeking the tightest spreads possible. It offers spreads starting from 0 pips on major currency pairs and competitive rates for gold trading. However, this account type comes with a small commission per trade.

Standard accounts are popular among both beginners and intermediate traders. They provide a balance between low spreads and no commissions, making them suitable for various trading strategies, including gold trading.

Zero accounts, as the name suggests, offer zero spreads on major currency pairs and extremely low spreads on gold. These accounts are designed for high-volume traders who prioritize minimal trading costs. A small commission is charged per trade to compensate for the zero spreads.

Cent accounts are perfect for newcomers to the trading world. They allow traders to start with minimal capital (as low as $1) and trade micro-lots. This account type is excellent for practicing gold trading strategies with reduced risk.

Choosing the Right Account

These are some of the factors you should keep in mind while choosing an account for gold trading from Exness.

• Cent or Standard accounts suit the trading experience of beginners, Raw Spread / Zero for advanced traders.
• Pick an account with a minimum deposit that works for you.
• High-Frequency traders could be at an advantage with raw spread or zero accounts and vice versa, long term investors would go for standard account.
• Cent accounts are virtually risk-proof and these work well if you want less exposure with respect to risks.
• Look for spreads and commissions on different types of accounts to pick the most cost efficient way in terms of your traded amount.

How to Trade XAUUSD (Gold) on Exness

Trading gold (XAUUSD) on Exness involves a straightforward process utilizing the MetaTrader 4 or MetaTrader 5 platforms. Traders have access to real-time gold charts, comprehensive technical/functionality analytics and order options that are essential for performing trades effectively in the Exness platform. However, placing orders, risk management and closing positions is also the other tools that you need to use so as to trade gold successfully on this platform.

Placing a Gold Trade

Traders need to log into their platform of choice (MT4 or MT5) and find the XAUUSD symbol in order to begin gold trading on Exness. Exness provides access to gold with tight spreads from 0.3 pips, which allows traders to invest in the market at low expense so that they can reap maximum benefits. You can use the Exness supports technical indicators as well as an economic calendar to get a better understanding of what is happening in you market before opening up any position.

Buy Order

A buy order (going long) on gold is placed when a trader expects the price of gold to rise. To execute a buy order on Exness:

1. Select the XAUUSD symbol from the Market Watch window.
2. Click “New Order” or press F9.
3. Choose “Buy” as the order type.
4. Enter the desired trade volume (lot size).
5. Set the stop-loss and take-profit levels (optional).
6. Click “Place” to execute the order.

Exness allows traders to open positions with leverage up to 1:2000, enabling them to control larger gold positions with a smaller capital outlay.

Sell Order

A sell order (going short) is placed when a trader anticipates a decline in gold prices. To execute a sell order on Exness:

1. Select the XAUUSD symbol from the Market Watch window.
2. Click “New Order” or press F9.
3. Choose “Sell” as the order type.
4. Enter the desired trade volume (lot size).
5. Set the stop-loss and take-profit levels (optional).
6. Click “Place” to execute the order.

Exness provides fast order execution, ensuring that trades are filled at the requested price or better, even during volatile market conditions.

Stop-Loss and Take-Profit Orders

Stop-loss and take-profit orders are crucial risk management tools offered by Exness for gold trading. These orders help automate the process of closing positions at predetermined price levels:

• Stop-Loss (S/L): This order closes a trade when the price reaches a specified level of loss, limiting potential losses.
• Take-Profit (T/P): This order closes a trade when the price reaches a specified level of profit, securing gains.

To set these orders:

1. Right-click on an open position in the “Trade” tab.
2. Select “Modify or Delete Order.”
3. Enter the desired S/L and T/P levels in pips or price.
4. Click “Modify” to apply the changes.

Exness recommends using these orders to manage risk effectively, especially when trading volatile assets like gold.

Closing a Gold Position

To close an open gold position on Exness:

1. Navigate to the “Trade” tab in the terminal.
2. Right-click on the open XAUUSD position.
3. Select “Close Order.”
4. Confirm the action in the pop-up window.

Alternatively, traders can close a position by placing an order of the opposite direction with equal volume. This allows traders to get out of positions at all times quickly due the quick implementation while market circumstances change.

Managing Your Gold Trades

Good gold trade management at Exness refers to the application of strategies and tools that helps you make profits with reduced risks. Partial closing – this technique traders can safe a part of their profits by closing certain portion while leaving remaining open for further potential gains. This is often quite useful. And if you apply this method during gold market upheavals, so much the better. Also, a common way to hedge is the use of trailing stops that pivot with each positive movement in favor as well. This strategy can be used to literally bank profits yet still maintain continued upside exposure to the gold market.

Best Times to Trade XAUUSD on Exness

Gold (XAUUSD) trading is available on Exness 24/5, and for optimal conditions, there are certain time periods. Gold is traded in the largest financial centers are always opened, and the most active trading often occurs during these hours. Gold is commonly traded in the London (3:00-11:00 GMT) New York sessions (8: 00 am -5pm GMT).

The one that is the most significant here in our time of (8:00-11am GMT) The areas where these active trading sessions overlap, meaning increased liquidity and possibly volatility. Moreover, key economic releases (like U.S. labour market statistics or Federal Reserve communications) often have a big effect on gold prices which in turn leads to opportunities for trading with Exness.

Trading Strategies for Gold on Exness

Exness provides traders with various tools and features to implement diverse gold trading strategies. One popular approach is trend following, which involves identifying and trading in the direction of established price trends using indicators like moving averages or the MACD (Moving Average Convergence Divergence).

Another strategy favored by Exness traders is breakout trading. This method capitalizes on gold’s price movements beyond key support or resistance levels, often resulting in strong directional moves. Traders can use Exness’ advanced charting tools to identify these crucial price levels and set alerts for potential breakouts.

Range trading is also effective during periods of market consolidation. Traders can utilize Exness’ Bollinger Bands indicator to identify overbought and oversold conditions, potentially profiting from gold’s price oscillations within a defined range.

For risk management, many successful gold traders on Exness employ position sizing techniques and maintain a consistent risk-reward ratio (e.g., risking 1% of account balance per trade with a potential 3% gain).

Frequently Asked Questions

What is the Liquidity of Gold on Exness?

Exness ensures high liquidity for gold (XAUUSD) trading, connecting traders to a vast network of liquidity providers. This deep liquidity pool allows for tight spreads (starting from 0.3 pips) and fast order execution, even during volatile market conditions. Exness’ advanced technology infrastructure facilitates seamless trading experiences, with most orders filled within milliseconds at the requested price or better.

How Many Types of Gold Trading Accounts are Available?

Exness offers four main account types suitable for gold trading: Raw Spread, Standard, Zero, and Cent accounts. Each account type caters to different trading styles and experience levels:

• Raw Spread accounts provide the tightest spreads with a small commission.
• Standard accounts offer a balance between low spreads and no commissions.
• Zero accounts feature zero spreads on major pairs and low spreads on gold, with a small commission.
• Cent accounts allow trading micro-lots, ideal for beginners or risk-averse traders.

What Tools are Provided by Exness for Gold Trading?

Exness offers a comprehensive toolkit for gold traders, including advanced charting software (MT4 and MT5), an economic calendar, and expert market analysis. The platform provides essential risk management features, educational resources, and mobile trading apps. These tools, coupled with competitive spreads and high leverage, create an optimal environment for gold trading on Exness.