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How to build an XAUUSD Exness trading strategy

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How to build an XAUUSD Exness trading strategy

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.

XAUUSD is the gold exchange rate with the US Dollar
XAUUSD is the gold exchange rate with the US Dollar

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 floor:

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 floor. 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 floor. That ensures the ability to buy and sell quickly, stably, safely, transparently, and fairly for all traders.

Advantages of trading xauusd Exness
Advantages of trading xauusd Exness
  • 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?

This is a good time to invest in xauusd Exness
This is a good time to invest in xauusd 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

Register an Exness account quickly
Register an Exness account quickly
  • Visit the Exness homepage and 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.

Place XAUUSD orders quickly at Exness
Place XAUUSD orders quickly at Exness

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.

Two popular XAUUSD trading strategies
Two popular XAUUSD trading strategies

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. 

FAQ

Mrs. Anne

Mrs. Anne

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Không. Exness là một trong những sàn Forex uy tín nhất hiện nay. Exness được cấp phép và quản lý bởi các cơ quan quản lý quốc tế hàng đầu như FSA, CBCS, FSC, FSCA, CySEC, FCA, CMA. Các cơ quan này sẽ chịu trách nhiệm quản lý và giám sát hoạt động của Exness. Bảo đảm tính minh bạch và an toàn tài chính.

Exness là một trong những sàn Forex uy tín và được ưu chuộng nhất hiện nay. Exness được thành lập năm 2008, có trụ sở chính tại: Số 1, Đường Siafi, Tòa nhà Porto Bello, Văn phòng 401 Thành phố Limassol, cộng hoà Séc – đất nước tập trung nhiều công ty tài chính lớn nhất thế giới. Exness được biết đến nhờ khả năng khớp lệnh nhanh chóng, an toàn, lịch sử giá minh bạch.

Mức nạp tiền tối thiểu của sàn Exness sẽ tùy thuộc vào mỗi loại tài khoản. Với tài khoản tiêu chuẩn, số tiền nạp tối thiểu phụ thuộc vào từng phương thức thanh toán, nhưng thông thường là 10$. Với tài khoản chuyên nghiệp, tiền nạp tối thiểu là 200$.

Sàn Exness áp dụng cơ chế rút tiền tự động nên việc xét duyệt và rút tiền cũng nhanh hơn các sàn khác. Hầu hết các giao dịch rút tiền tại sàn Exness đều được xử lý trong vài giây và bạn hoàn toàn có thể rút tiền vào cuối tuần.

Thời gian rút tiền Exness cụ thể như sau:

  • Rút tiền qua ví điện tử Skill, Neteller, Tether, USD Coin: thời gian xử lý tức thì.
  • Rút tiền qua Internet Banking, ngân lượng: trong vòng 24 giờ.

Bạn sẽ không nạp được tiền từ sàn Exness vì một trong các lỗi sau:

  • Tài khoản Exness chưa được xác minh
  • Nạp chưa đáp ứng đủ số tiền nạp tối thiểu.
  • Phương thức thanh toán giới hạn khoản tiền bạn nạp vào.
  • Phương thức thanh toán không hỗ trợ hoặc không khả dụng ở khu vực bạn sinh sống..

Bạn sẽ không rút được tiền từ sàn Exness vì một trong các lỗi sau:

  • Lỗi hệ thống đang bảo trì
  • Không đủ số tiền rút tối thiểu
  • Nạp và rút tiền không cùng phương thức
  • Tài khoản nhận tiền bị khóa
  • Thực hiện hai lệnh rút tiền cùng lúc….

Để giao dịch trên sàn Exness, bạn cần thực hiện theo các bước sau đây:

  • Bước 1: Đăng ký tài khoản Exness.
  • Bước 2: Nạp tiền vào tài khoản.
  • Bước 3: Đăng nhập tài khoản trên MT4/MT5
  • Bước 4: Tiến hành giao dịch.

     Advantages of Exness

  • Year of establishment: 2008
  • License: FSA, CySEC, FCA, FSC, FSCA, CBCS
  • Low commission fees
  • Leverage 1: infinity
  • Fastest deposit and withdrawal

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