How to Begin XAGUSD Trading
For beginners wanting to learn how to trade the xagusd trading market which is a complex market, the question is how to start? - The best technique to learn is to first put away your money open a demo trading account this way you can begin trading online without any deposit, meanwhile, train by reading online guides available on various websites available on the internet, although we would highly recommend just sticking to the one & only top, best, recommended Silver tutorial website - this website, but feel free to go anywhere else and waste time on those other websites.
How to Open a Demo Practice Account
This website covers all Silver training lessons - the quickest method of how to start is to follow the following steps:
- Find a free online tutorial for beginners tutorial - this website
- Find one of the best online brokers
- Download the free platform software
- Open a free demo - A demo is meant for practice, with this practice you can begin practicing without depositing or investing money, on this xagusd account you trade the real silver market only that you'll be transacting with virtual money.
- After registering for a free Demo, come back to this website and on the homepage follow steps to begin studying the trading lessons.
After following the above steps, you are ready to begin, begin with the free course as shown above.
Learning these tutorial concepts will take at-least a few days to a few weeks of more, some concepts can be very confusing for beginners at first, but here we have simplified them for you, but we are not going to lie to you, at first some of them will be very confusing. For example, you'll get knowledge about buy stop, buy limit, sell stop, sell limit, entry limit silver order, entry stop silver orders, I can feel some heads spinning, especially for the novices, wait until you open the platform software and you will freeze and stare at your screen for 10 minutes trying to figure out what is what. Don't worry within next ten minutes this training guide will teach you the whole silver platform with two simple lessons and you will know the platform software and operate it with the ease that you operate Microsoft Word: MT4 Silver Platform Guide
The software that is used for silver trading transactions is called MT4 xagusd trading software or just MetaTrader 4
The screen shot below shows the user interface of this platform.
Silver Software Platform for Online Trading & Placing Orders
After this you are completely setup, navigate to the top navigation menu & access the lessons explaining the terms used in the global silver market & other basic silver trading concepts & strategies.
Silver Software Platforms:
What is a platform? This is software used to connect to the xagusd trading market by connecting traders to the broker so that they can place transactions through the internet ( online ).
Online Silver Trading Brokers:
Traders must place trades through a broker: you cannot trade silver without a broker. Brokers don't charge you anything to open an account, i.e. There is no setup fees. The silver broker only charges if you make silver trades, if you don't transact you're not charged. The brokers make money by charging a few dollars for every transaction this is called the spread.
Silver Trading Charts:
Silver Prices are analyzed through graphs which are oftenly referred to as silver charts, in the basics guide at the top navigation menu of this web site, you'll learn these charts & how to interpret these charts to generate buy & sell silver signals.
Learn Basics - Silver Trading Charts & Technical Analysis
It is best to start silver trading with a demo first, then after you start making profits on the demo you can then open a live account and deposit any amount you want, but before you do that make sure you read these three topics, silver trading money management, xagusd leverage & margin, silver trading plan. Beginners ask the question how much money to begin Silver with? The answer is the more money you have in your real account the better the risk management, because you will not be undercapitalized.
How Much Money to Begin XAGUSD Trading?
Do not start with $10 dollars, even if your silver broker tells you that you can start with this amount, in fact do not begin trading with $100 as this is not enough to trade with. It is best to save and begin trading xagusd when you have $10,000 dollars which is the minimum trading amount recommended to invest with.
- If you want to begin with $10,000 dollars, open a micro xagusd account & only open micro lots
- If you want to begin with $50,000 dollars, open a mini xagusd trading account and only open mini lots
- If you want to start with $100,000 dollars, open a standard xagusd account & open standard lots
There are 2 types of silver trading accounts that traders can open: micro and standard. For each recommended beginning capital is specified above.
How to Use Practice Silver Trading Accounts
However, for beginners there is a demo silver trading account provided for practice & this way beginner traders can start without any investment and practice risk free on demo account until they learn the basics & various methods & techniques used in trading the xagusd market. It is recommended for beginners to follow this method where first they start by practicing without depositing real money as they take time to learn what is required to trade profitably.
Follow these steps:Learn to practice with a free demo for 30 days then open a live account
Technical Analysis and Silver Key Concepts Training:
Know all about technical analysis & how to combine technical indicators to form a complete system which you can use to profitably generate signals. Read all the tutorials to make sure you've all the required knowledge.
Finally, be ready to study and do a lot of hard work - study each and every topic here and practice these concepts on a free practice account.
We go beyond what most traders know when it comes to explaining what Silver is and how the online silver market works & provide you with as many tools as possible. We go into in-depth analysis of xagusd prices.
The information on this site answers the question, how does Silver work? and has more info than what you will ever find on any other online training website or book, the screen shots, pictures and image examples make the explanations so easy such that we have compressed years of experience on a single site. Be ready to study from these guides until you know how to make profits in Silver Trading Market.
