In the Forex market, if you want to invest and profit quickly, you cannot ignore XAUUSD trading activities. If you are a trader of Exness. The article below from EX Trading will guide readers on how to trade. How to build the most effective XAUUSD Exness strategy.

What is XAUUSD?

For those with many years of experience in the Forex world. Surely you will no longer be unfamiliar with the concept of XAUUSD. But if you are a new trader, this piece of information will help you better understand what XAUUSD Exness is.

Explain in the most understandable way the phrase “XAUUSD”, which includes:

• XAU: In the Forex market, Xau is the symbol for Gold.
• USD: This is the currency unit of the US Dollar.

So XAUUSD is understood as trading between the Gold Rate to the US Dollar and XAU/USD. It is a quote symbol that lets traders know the exchange rate of gold in US Dollars at each specific time. 

What are the advantages of trading XAUUSD at Exness?

XAUUSD value is never fixed. It is affected by many different factors such as: Economics and politics… Therefore, when participating in the Forex market, traders must know how to choose reputable foreign exchange exchanges to gain the most profit. So what are the advantages of trading XAUUSD at Exness?

Here are some advantages of XAUUSD Exness :

• A general assessment of the extremely reputable and quality Exness exchange:

The first factor for traders to decide to join any foreign exchange exchange is reputation. In particular, you can completely rest assured about the Exness exchange. Because the platform has been operating for many years. At the same time, it was granted an operating license by a reputable organization and achieved many great achievements.

• Liquidity is quite high:

Especially about gold trading. Exness is considered one of the exchanges with the highest liquidity on the Forex exchange. That ensures the ability to buy and sell quickly, stably, safely, transparently, and fairly for all traders.

• Exness supports good XAUUSD trading services:

XAUUSD trading in particular and all other services of Exness are evaluated extremely positively. With a team of professional staff dedicated to support 24/7. Diverse languages ​​on many platforms… Helps you easily solve problems.

• Conditions for trading XAUUSD at Exness are good:

Firstly, Spreads at Exness are extremely competitive for all account types. Second, commission fees are not charged for gold transactions. Finally, maximum leverage is extremely flexible.

>>>See more: Exness Trading discovers the best trading platform

Is it reasonable to trade XAUUSD Exness at this time?

Although the form of investing and trading XAUUSD is the method to help traders quickly profit quickly, it is not reasonable at all times. So is now a good time to trade gold at Exness?

We think, at this time, traders should trade XAUUSD because:

• The global economy is in a period of peak inflation. After the inflation period, the economy will enter a recovery period. At this time, the FED will introduce policies to increase interest rates. Thus Gold will gain price.
• The tension between the war between Russia and Ukraine will make the price of Gold increasingly hotter.
• Gold is the best anti-inflation currency.

Through the above 3 reasons, we can expect that gold prices will continuously increase. If you invest in Exness at this time. At the same time, knowing how to wait for the right opportunity to trade XAUUSD will definitely bring you the biggest source of profit.

Instructions on how to trade XAUUSD at Exness

To be able to complete an XAUUSD Exness trading process. You need to perform 3 steps as follows:

Step 1: Sign up for Exness

• Visit the Exness homepage: https://www.exness.com 
• Click “ Register ”. Fill in all required information for the system to review and open an account.
• Provide personal information such as Full name, date of birth… Then click on the box “Agree to terms” and “Continue”.
• Electronic identification: Provide the system with a few photos of your ID card, portrait photos, and some other documents as requested… To serve quick deposits and withdrawals.

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

Step 2: Consult and develop a trading strategy for XAUUSD Exness

As mentioned above, although trading XAUUSD Exness is a quick profit investment method. But if you don’t know how to seize the opportunity and build an effective strategy, you can suffer losses. 

So traders should invest time. To learn more knowledge in the stages of technical analysis and risk management from courses or experiences of predecessors. That will help you firmly grasp the victory in your hand. At the same time, minimize the possibility of loss as much as possible.

Step 3: Place a trading order

Currently on Exness, providing users with a variety of order types to conduct XAUUSD transactions such as:

• Limit Order:

+ BUY Limit: Wait to buy at a pre-set low price.

+ SELL Limit: Wait to sell at a previously set high price.

• Market Order: 

+ BUY: Order to buy at market price.

+ SELL: Order to sell at market price.

• Stop Order:

+ BUY Stop: Stop buying when the set price is reached.

+ SELL Stop: Stop selling when the set price is reached.

To start placing an order, you only need to follow 4 steps as instructed below:

• Log in to Exness on the MT4 platform.
• Select “New Order” in the toolbar or double right-click and select “New Order”.
• Place orders based on previously developed technical analysis and risk management.
• End the order by pressing the “Buy” or “Sell” button.

Instructions for building an XAUUSD Exness trading strategy

To support traders trading XAUUSD at Exness with the best price. EX Trading has proposed a reference strategy in the information below:

1. News trading strategy

“Information” and “Data” are two truly necessary elements for analyzing and building gold trading strategies at Exness. Based on the news you can refer to the economy, politics, finance, price fluctuations… these are suggestions for you. So when you decide to trade XAUUSD based on that, it will help you increase your winning percentage more than usual.

2. Scalping trading strategy

Scalping can be considered a professional strategy. short-term and guaranteed to be most effective for all traders. Based on price differences over a short period of time. Help investors make profits every day. However, implementing this strategy takes a lot of time and requires agility in pricing. Combine with all analytical and management knowledge to be able to make the best decision.

The above article only provides some of the most basic knowledge about the XAUUSD Exness trading strategy. So if you want to invest profitably quickly, you need to spend a lot of time to research and learn more. Besides, you can also learn more about Exness Trade Pro and Exness VPS to be able to trade XAUUSD more effectively.