Gold is an asset that many investors are interested in and choose. Gold has high liquidity and is not affected by inflation. In addition, gold is a global and diversified asset. In this article, EX Trading will introduce you to the gold trading market on Exness. Advantages of trading gold on Exness, steps to start trading Exness gold. And also effective XAUUSD Exness trading strategies.

Learn about the Trading Exness gold market

With what type of account can I trade gold on Exness?

Exness offers customers a variety of account types to suit each investor’s needs and goals.

Raw Spread Account

Raw Spread is the account type with the lowest spread. From only 0 pip, cheapest trading fee, from only 3.5 USD per standard lot, highest leverage, up to 1:2000. There is no limit on the number of open positions, no withdrawal limit, no minimum balance requirement, no swap fees, no deposit/withdrawal fees. The account is suitable for professional, experienced investors.

Standard Exness account

Standard Exness is the most commonly used account type. Spreads from 0.3 pip, no transaction fees, highest leverage, up to 1:2000. There is no limit on the number of open positions, no withdrawal limit, no minimum balance requirement, no swap fees (for Standard Islamic accounts), and no deposit/withdrawal fees. The Standard account is suitable for beginner investors.

Zero Exness account

Zero Exness is an account type with spreads from 0 pips. Trading fees from 3.5 USD per standard lot, highest leverage, up to 1:2000. There is no limit on the number of open positions, no withdrawal limit, no minimum balance requirement, no swap fees (for Zero Islamic accounts), and no deposit/withdrawal fees. The account is suitable for investors who want to trade with extremely low spreads and fixed trading fees.

Cent Exness account

Cent Exness is an account type with spreads from 0.3 pips. No trading fees, highest leverage, is up to 1:2000. There is no limit to the number of open orders. No withdrawal limits, a minimum balance requirement of only 1 USD, no swap fees (for Cent Islamic accounts), and no deposit/withdrawal fees. The Cent account is suitable for investors who trade with small amounts and test trading strategies.

See more: Types of Exness accounts: Overview that you should know

What tools are used to trade gold at the Exness exchange?

Exness provides customers with many support tools to trade gold effectively and safely.

Types of measurement units XAUUSD Exness

You can choose one of two types of measurement units: ounces or grams. One ounce of gold is equivalent to 31.1035 grams of gold. You can convert between these two types of units. By using the converter on the Exness website or on the Exness Trade app.

Gold trading indicators and charts on Exness

When trading Exness gold, you can use technical indicators and charts to analyze gold price trends, volumes, fluctuations, support, and resistance. You can choose chart types such as Japanese candlesticks, bars, lines, or areas. You can add technical indicators such as Moving Average, Bollinger Bands, MACD, RSI, Stochastic, Parabolic SAR, Ichimoku Cloud,…

Exness technical analysis tool

This is a free tool provided by Exness to customers to help them get an overview of the gold market. This tool will show you information such as current price, opening price, highest price, lowest price, and price fluctuations during the day, week, or month. You can also view technical indicators such as the Trend Index, Signal Strength, Volatility Index, and Quality Index.

Why should you trade Exness gold?

What are the advantages of trading gold on Exness?

Here are some advantages you can get when Trading Exness gold :

• Best trading conditions: Exness offers you the best gold trading conditions on the market. With low spreads, cheap transaction fees, and high leverage. There is no limit on the number of open orders, withdrawal amount, no minimum balance requirement, swap fee, or deposit/withdrawal fee.
• Convenient trading platforms: Exness provides you with many trading platforms so you can trade gold anytime, anywhere. You can use the web platform, mobile application, MT4 Exness, or MetaTrader 5 platform. Exness trading platforms all have a friendly interface, fast processing speed, and high security.
• Professional customer support: Exness is ready to support you 24/7 in many different languages. You can contact Exness through many support channels. Exness’s customer support team is always friendly, enthusiastic, and highly professional.
• Free training and analysis: Exness offers you many resources. And tools so you can learn and improve your trading skills. You can access articles, videos, webinars, and ebooks about gold trading on the Exness website or on the Exness YouTube channel. You can also use support tools to analyze market news and economic calendars to update important information about gold prices.

Gold has high liquidity, no worries about inflation

Gold is the most liquid asset on the market. Liquidity is the ability to convert an asset into cash quickly and easily. Gold is highly liquid because it is continuously traded on international markets in large volumes. You can buy or sell gold whenever you want at the current market price.

Gold is also an asset class that is not affected by inflation. Gold is not affected by inflation because it has a limited supply and cannot be mined indefinitely. Gold is an asset that holds value and preserves value in the long term.

Gold is a global and diversified asset

Gold is not only a highly valuable asset class, but also a global and diversified asset class. Gold is traded in many different markets, from Asia, Europe, and America, to Africa and Oceania. Gold can be traded in many different currencies. From US dollars, Euros, British pounds, and Japanese Yen. Gold can also be traded in many different forms, from physical gold, digital gold, and ETF gold, to futures and options contracts.

Trading Exness gold allows you to participate in the global gold market easily and conveniently. You can trade gold in two forms: XAUUSD (gold to US dollars) or XAUGRAM (gold to grams).

Trading gold at Exness helps you diversify your investment portfolio. Gold is a highly stable asset and is not correlated with other asset classes such as stocks, bonds, or currencies. Trading Exness gold helps you protect the value of your portfolio when the market is volatile or a crisis occurs.

See more: Open Exness Account: Latest guide for new traders

Should Exness investors trade gold at this time?

It can be said that this is the perfect time for Exness investors to trade gold.

Good time to trade gold on Exness

Trading gold on Exness is a way for you to profit from fluctuations in gold prices. However, to trade gold successfully. You need to know how to determine a good time to enter or exit a trade. A good time to trade gold depends on many factors such as the main price trend, support and resistance levels, technical indicators, market news, and economic events.

Steps to Start Trading Exness gold

How to open a gold purchase order (BUY)

To start trading Exness gold, you need to have a trading account and deposit money into the account. You can register a trading account on the Exness website.

Select the account and currency pair you want to trade

After you have a trading account and money in your account, you can open a gold purchase order (BUY) with the following steps:

Step 1: Choose the trading platform you want to use, such as web, mobile, MetaTrader 4, or MetaTrader 5.

Step 2: Log in to your account on Exness.

Step 3: Choose the account type you want to trade, like Raw Spread, Standard, Zero, or Cent.

Step 4: Select the currency pair you want to trade gold with, like XAUUSD or XAUGRAM.

Open a trading order

Step 1: Choose the timeframe you want to trade gold, like M1, M5, M15, H1, H4, D1, W1, or MN.

Step 2: Analyze the market and determine the entry point to buy gold (BUY) using tools such as trends, support and resistance, technical indicators, market news, and economic calendar.

Step 3: Click the “New Order” or “Trade” button to open a new trading window.

Step 4: Enter the number of lots you want to trade. One standard lot of XAUUSD is 100 ounces of gold. A standard lot of XAUGRAM is 100 grams of gold. You can trade smaller lot sizes using units such as mini lot (0.1 lot), micro lot (0.01 lot), or nano lot (0.001 lot).

Step 5: Enter the price you want to enter the gold buy order (BUY). You can choose the current market price or your desired price. If you choose your desired price, you need to select the order type as “Pending Order” and choose the order type as “Buy Limit” or “Buy Stop”.

Step 6: Enter the price at which you want to exit the order when the transaction is successful (Take Profit) or when the transaction fails (Stop Loss).

Step 7: Click the “Place” or “OK” button to confirm your gold purchase order (BUY). You will receive a notification about the result of your buy gold (BUY) order. You can view the details of your gold purchase order (BUY) on the “Terminal” or “Trade” window.

How to close manual orders quickly

Once you have opened a gold buy (BUY) order on Exness, you can close the order manually quickly by following these steps:

Select trading account

Step 1: Select the trading platform you are using, such as web, mobile, MetaTrader 4, or MetaTrader 5.

Step 2: Log in to your trading account on Exness.

Step 3: Choose the account type you are trading with.

Proceed to close the order manually

Step 1: Select the “Terminal” or “Trade” window to see the list of your open orders.

Step 2: Find the gold buy order (BUY) you want to close and right-click on it.

Step 3: Select “Close Order” or “Close” to close your gold purchase order (BUY). You will receive a notification about the result of the order closing. You can view the details of the closed order on the “History” or “Account History” window.

Note that when you close orders manually quickly. You will accept the current market price of gold. If you want to close the order at your desired price. You need to set up a pending sell order and automatic stop loss.

Set up pending buy orders and automatic stop-loss

In addition to opening a gold purchase order (BUY) and closing the order manually quickly. You can also set up pending buy orders and automatic stop losses on Exness. To set up pending buy orders and automatic stop losses on Exness.

Set up your account and trading currency pairs

Step 1: Choose the trading platform you want to use, such as web, mobile, MetaTrader 4, or MetaTrader 5.

Step 2: Log in to your Exness account.

Step 3: Choose the account type you want to trade.

Step 4: Select the currency pair you want to trade gold with, like XAUUSD or XAUGRAM.

Place pending buy orders and automatically cut losses

Step 1: Choose the timeframe you want to trade and analyze the market to determine your desired price to enter a buy order and your desired price to exit a trade when the trade fails.

Step 2: Click the “New Order” or “Trade” button to open a new trading window.

Step 3: Enter the number of lots you want to trade.

Step 4: Select the order type as “Pending Order” and select the order type as “Buy Limit” or “Buy Stop”. Buy Limit is an order type that allows you to buy gold when the price is lower than the current price. Buy Stop is a type of order that allows you to buy gold when the price is higher than the current price.

Step 5: Enter your desired price to enter the buy order in the “Price” box.

Step 6: Enter your desired price to exit the order when the trade fails in the “Stop Loss” box. You should set the Stop Loss price to be reasonable with your trading strategy. At the same time, not too far or too close to the entry price.

Step 7: Click the “Place” or “OK” button to confirm your pending buy order and automatic stop loss. You will receive a notification about the result of setting up a pending order. You can view the details of the pending order on the “Terminal” or “Trade” window.

Note: when you set up a pending buy order and automatic stop loss. You will not be activated as soon as the price reaches your desired level. The pending order will be activated when the price matches your desired price in the market.

XAUUSD What trading strategies does Exness have?

Trading Exness gold  currently has 2 popular strategies used by many investors

Scalping strategy on the Exness trading platform

Scalping strategy is a short-term trading method. In which you open and close orders within minutes or even seconds. The goal of Scalping is to continuously earn small profits from small price fluctuations.

This is a strategy for investors with a lot of time. Continuously monitor and closely follow the market.

Use Copy trade

Copy trading is a form of passive trading. In which you will copy the trading position of another professional investor in the market (Master or Pro Trader). Copy trading allows you to save time and effort. There is also knowledge when trading Exness gold.

You just need to choose a Master that suits your style and goals. Then follow their trading results. You will receive the same profit rate as the Master you copy, minus a small commission fee.

Note when you use Copy Trading on Exness. You will not have the right to control or interfere with the Master’s trading positions. You will only automatically copy the Master’s trading positions and at the ratio you set. You should choose a reputable and experienced Master. At the same time, have a trading strategy that suits your goals.

Summary:

Thus, the article on EX Trading has introduced investors to Exness Gold Trading. Gold is always an effective investment channel with high liquidity. At the same time, it is an effective investment channel during economic crises. Hopefully this article can provide you with useful knowledge about the gold market. Exness scam  information from unofficial information channels to trade incorrectly. The most effective trading tools and strategies.

Frequently asked questions:

Liquidity of gold?

Gold is one of the most liquid assets on the market today. Gold is highly liquid because it is constantly traded in the international market in large volumes.

How many types of gold trading accounts are there on Exness?

Exness offers clients a variety of account types to suit the needs and goals of each investor. These include Raw Spread, Standard Exness, Zero Exness and Cent Exness accounts.

What tools does Exness provide to trade gold on the exchange?

Exness provides customers with many support tools to trade gold effectively and safely. Includes XAUUSD measurement units, trading indicators and charts, and technical analysis tools.