Guides

Read, understand, then trade.

Short, practical guides for people learning to trade gold. No hype, and a worked example in each.

Start with the basics

All lessons
$0.10= 1 pip on gold

Lesson 1.2

What is a pip in trading?

Pips explained for beginners: what a pip is on forex and on gold, how to count them, what MetaTrader's points are, and what a pip is worth in money.

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0.01the micro lot

Lesson 1.3

What is a lot size in trading?

Lots explained for beginners: what 0.01, 0.10 and 1.00 lots mean on forex and gold, what each is worth per pip, and how to choose a lot size you can live with.

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23:00Sunday open, UK time

Lesson 1.6

Gold trading hours: when does XAU/USD open?

Gold trades almost 24 hours a day, Sunday evening to Friday evening. See when XAU/USD opens and closes in UK time, the daily break, the sessions, and when gold moves most.

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Buy limitvs buy stop

Lesson 2.2

Buy limit vs buy stop: order types explained

Market, limit, stop and stop-limit orders explained for beginners, with a gold example and a simple picture of where each order goes and when it fills.

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−100pips, decided before you enter

Lesson 2.3

What is a stop loss? Stop loss and take profit explained

What a stop loss and a take profit are, how they work on gold, what they cost you in money, and why a stop can fill worse than planned. With worked XAU/USD examples.

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1%risk per trade

Lesson 3.2

How to calculate position size, step by step

Work out your lot size for any gold or forex trade in four steps: your risk in money, your stop in pips, the value of a pip, and a simple division. With worked examples.

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40%win rate, still +4R

Lesson 4.2

Gold signals: how they work and what to watch out for

What gold trading signals are, why your results differ from the provider's, the red flags of bad signal groups, and what a good one looks like. Plain English, with real numbers.

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