What's Gold Trading Market?
With many new beginner traders starting to ask about what is xauusd trading? - Where to Trade Gold - How to Trade Gold? - How to Start Gold Trading? - the most common gold trading questions that most new beginners ask are:
- What is Gold Trading and Where to Trade Gold?
- How to Start Gold Trading
- What is a Gold Trading Software?
- What are Gold Indicators?
- What are Gold Trading Strategies?
Most of these gold trading topics are discussed in the learn gold trading lessons section of this learn gold training website.
The most basic question for beginner traders is What is Gold Trading?
Gold trading is an over the counter market, which can facilitate gold trading transactions between many traders through online xauusd trading brokers.
The value of xauusd trading price is determined by demand supply forces of gold.
Retail XAUUSD Trading
Now that gold trading is available online - traders want to know more about What is Gold Trading?
With the growth of the internet and online gold brokers, gold trading speculators and retail xauusd traders can now participate in the online gold market, through these retail gold brokers that provide retail gold traders with retail xauusd trading accounts which the traders can use to trade gold online and access the online xauusd market.
These days with the availability of affordable computers and easy access to internet everywhere, online gold trading has become very popular.
Traders can also now trade through their mobile phones using gold trading apps provided by these gold brokers - which means that even more people can now participate in the gold trading if they have a smartphone.
There are so many online gold brokers available on the internet which provide gold traders with gold trading platforms & gold trading apps for gold trading. All a beginner trader has to do is to open an account with these brokers & get access to the xauusd market.
These brokers also provide gold traders with practice xauusd trading accounts which the traders can use to learn about gold trading using virtual money. Traders use these risk free xauusd trading practice account that use virtual money to learn about the gold trading software or xauusd trading app that is provided by their broker. The trader can learn how to analyze gold charts on these gold trading software platforms as well as learn how to execute gold orders. Once a trader has learned and practiced xauusd trading on this practice trading account the trader can then open a real gold trading account also known as a live xauusd account & begin trading the online xauusd market.
With the growth of internet access through computers and mobile phones - online gold brokers are now able to provide retail xauusd trading accounts which can be opened with as little as $100 capital and retail xauusd traders can trade gold over the internet.
A beginner gold trader only needs to download a gold brokers online gold trading software platform or xauusd trading app and then open a gold trading account with the broker and then start to trade gold online through the online xauusd trading broker.
Where to Trade Gold
Gold trades occurs over multiple computers and telephones at thousands of locations worldwide through gold trading inter-network of banks known as interbank network or gold trading liquidity providers.
Gold trades are placed from Online Gold Trading Platforms like the one illustrated below.
What is Gold Trading Software Platform? - How to Start Gold Trading? - What is MT4 Platform?
Gold trading is also available on Gold Trading Apps for mobile phones. The gold trading apps mostly provided by most gold brokers are Android gold trading app, iPhone xauusd trading app and iPad gold trading app. Traders can also use these gold trading apps to login to their xauusd trading account and open xauusd trades from these mobile gold trading phone apps.
The gold market is where banks, investors, speculators & other gold market participants trade gold. XAUUSD is also known as XAUUSD - Gold is the Gold Trading Symbol used when xauusd trading online
What's the main reasons to participate in the xauusd market?
The most popular reason to participate in the xauusd market is based on speculation for profit - speculation based gold trading transactions retail xauusd trading.
The gold market is considered to be an Over the Counter (OTC) gold market, based on the fact that gold trade transactions are conducted between two counter-parties over an electronic network of gold trading liquidity providers.
How to Start XAUUSD Trading
If as a beginner trader you are looking for how to begin trading gold in the in online gold market - it is best to start with a learn gold trading guide web site & a gold practice practice account that will help you learn about how the xauusd market works. You can find more learn gold trading tutorials on this learn gold trading website from the main navigation menu of this learn gold trading web site
