Instructions for buying gold on the stock exchange for a novice investor
Over the past few years, the world economy has been on the verge of collapse, central banks are actively printing money, thereby increasing inflationary processes.
More and more analysts are announcing the imminent collapse of the global financial system, the first harbingers of which were the bankruptcy of the largest banks.
The author of such a famous book as “Rich Dad Poor Dad,” Robert Kiyosaki, states that the crisis will primarily affect assets such as real estate, stocks and bonds, and ordinary currency will also depreciate.
According to Kiyosaki, now it is best to invest money in cryptocurrencies, silver and, of course, gold.
Brief instructions for buying gold on the exchange
In order to open a buy transaction, you must first register with a brokerage company that does not limit the duration of transactions on the XAU/USD pair. So, it is not known how long you will hold this position.
For this, one of the brokers presented on the page is suitable - “ Brokers for trading gold and silver ”; usually registration, account replenishment and confirmation of documents takes no more than an hour.
Afterwards, download the metatrader 4 trading platform from the broker’s website and install it on your computer or mobile phone. Instructions for metatrader 4 .
This program has an intuitive interface, so mastering it will require a minimum of time.
To buy gold on the exchange, you need to open a deal on the XAU/USD pair; to do this, select this asset in the market overview:
To open a transaction, you need to click on this asset, calling up the window for opening a new order, and then click on the Buy by Market :
When opening an order, it is advisable to also set the Stop Loss (below the current price) - the price value at which the position will be automatically closed. And Take Profit (above the current price) is the profit level at which the order will be closed.
After this, your transaction will be opened and all that remains is to wait for the price of gold to rise and make a profit.
For example, a position I opened less than two months ago brought in more than $130,000 in profit with an opening balance of $4,445:
It is clear that such a deal is a big stroke of luck, but in the current situation you have every chance of repeating it. According to all forecasts, the price of gold will only increase in the near future.
To track the price and choose the best place to open a trade, it is recommended to open the XAU/USD chart:
To do this, select XAU/USD, right-click and select “Chart Window” and then switch to a tab in the window of open charts.
You may find the following related articles useful:
Scalping on XAU/USD - https://time-forex.com/skalping/skalping-na-zolote
Factors influencing the price of gold - https://time-forex.com/vopros/faktory-zoloto
Trading gold in the trading platform - https://time-forex.com/interes/torg-zoloto-terminal