Newbies avoid trading on Gold pair at the beginning

Newbies avoid trading on Gold pair at the beginning

Gold is very risky pair. Newbies won’t be able to make profit from gold pair so easily at the beginning. Besides, it requires good amount of capital to trade in gold pair. With 100$ or 200$ trading in gold pair is kind of risky. So better to trade on currency pair at the beginning.

Newbies trade on currency pair and acquire knowledge and trading skill first. After acquired experience and knowledge then think about trading on gold pair. Do not jump on gold pair. Many experts are losing their money on gold trading. It requires huge trading experience and skill to trade on gold pair successfully.

 

Actually metal pair is risky to trade. Not just gold, silver and others are also dangerous to trade

So better to trade on currency pair at your beginning stage. First gather experience in currency pair.Learn how to use indicators and others helpful tools then think about trading with gold pair

 

Another thing you can do that you can take entry on demo trading platform. In demo you won’t need to worry. You can test your capability of trading about gold pair in demo platform. When I was newbie I used to do that and that was really helpful. I have learned a lot and that helped me to perform well in real trading platform

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