3 Key Tips for Trading Gold!

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  • Опубліковано 27 лис 2024

КОМЕНТАРІ • 110

  • @TraderNick
    @TraderNick  Місяць тому

    Best GOLD TRADING brokers?
    🐂 WeBull (For US Traders): tinyurl.com/mpsxbssn
    🎱 Eightcap (Non US): tinyurl.com/htcdat5u
    💹 Vantage (Non US): tinyurl.com/33ahr4rb

  • @MikeRācso
    @MikeRācso 7 місяців тому +149

    Hardest Working team In The Industry! Tired Of Seeing Lamborghinis! This is what traders want to see!

    • @KaraboTemane
      @KaraboTemane 7 місяців тому +7

      Underrated comment!

    • @solotravis9427
      @solotravis9427 7 місяців тому +11

      Yeah most practical people are happy just to make some extra money and pay some bills

    • @tonylegu1784
      @tonylegu1784 7 місяців тому +6

      100% correct man. Best trading channel period.

    • @RyeitOut
      @RyeitOut 7 місяців тому +1

      Ikr!

    • @Nayr86
      @Nayr86 6 місяців тому +6

      Yup I don't want a Lambo, but a house would be nice 🙂

  • @se7en_tv
    @se7en_tv 2 місяці тому +11

    I gained 30% from Gold last week. This weekend, Gold took it back as I was shorting it during the weekend. It bursted from 2580 to 2622 in a span of 4 - 5 hours. Good thing I didn't risk the capital and just let go of the gain.

    • @stevenbriggs784
      @stevenbriggs784 25 днів тому +1

      and now look at the numbers....if you'd just held on, you would be laughing.

    • @se7en_tv
      @se7en_tv 25 днів тому +1

      @stevenbriggs784 I didn't have the mentality or even the balls to hold on since the dd was way more than I was expecting. I guess it's a weakness i have to work on

    • @beautyofquraan33
      @beautyofquraan33 2 дні тому

      Bro. I traded gold last week and dam. It was volatile 🌪️🌪️🌪️

  • @XTRADERXNYC
    @XTRADERXNYC 7 місяців тому +16

    Good morning Nick I've been trading gold myself in the futures market. The one hour trend with supply and demand has been unbelievably easy to trade I get in and out level to level and I've been stopped out a minimum amount of times compared to how many times I've hit my target, this might be the easiest trading and profitable time for gold ever in my 11 years of full-time trading

  • @RyeitOut
    @RyeitOut 7 місяців тому +3

    Wow, what a coincidence you made this video. Gold use to do me dirty a while back 🤦🏽‍♂️. I just started looking at Gold again last week to trade because i saw alot of past opportunities to scalp on breakouts. I see so many traders on youtube that trade Gold

  • @el-qd4ud
    @el-qd4ud 7 місяців тому +20

    How to trade gold? buy buy buuuuy!

    • @deadbushlover3511
      @deadbushlover3511 5 місяців тому +13

      Rip my $2k account. Bought 3 times and left it to rise 😂
      And btw I did that couple days ago, ur comment was no influence. But don’t buy buy buy because if it starts dropping it won’t stop for an entire day.😭

    • @dailydoseofshortsTV
      @dailydoseofshortsTV 7 днів тому

      you mean week​@@deadbushlover3511

    • @bofisthe295
      @bofisthe295 4 дні тому

      ​@@deadbushlover3511you arent gonna lose 2k if you trade 0.01 0.02 😂, just average down

  • @amusanpeter2620
    @amusanpeter2620 7 місяців тому +2

    Great man, I respect those years vested in search for knowledge and workable principles of the financial markets

  • @MsFendiTv
    @MsFendiTv 7 місяців тому +7

    "rest in peace to you, Godspeed" had me cackling 🤣

    • @SPSquirtle
      @SPSquirtle 2 місяці тому +1

      gold a savage I hate but keep coming back

  • @LebogangLebididi-ie1xs
    @LebogangLebididi-ie1xs Місяць тому +1

    I have been learning about trading gold using fundamentals and sentimental analysis. You are so great. Keep on with the good stuff

  • @yashpalw9371
    @yashpalw9371 7 місяців тому +16

    If Gold is volatile, Silver : Hold my beer 🍺

    • @hamzahidane8359
      @hamzahidane8359 7 місяців тому +1

      Do u think silver will do some explosions ?

    • @samuelekowbiney4768
      @samuelekowbiney4768 5 місяців тому +2

      Exactly! I've been trading Silver this past month (May) and it's more profitable than Gold IMHO!

  • @Mrnocosign
    @Mrnocosign 7 місяців тому +3

    I completely agree with you regarding Shorting equities during the bull run is very dangerous

  • @theultimatewrestling9608
    @theultimatewrestling9608 7 місяців тому +2

    Professional work. I'm happy to be looking up to you. What you are doing with this channel is expensive (Knowledge & Understanding) . I love the wisdom behind this.

  • @albertmaina1025
    @albertmaina1025 7 місяців тому +3

    I found myself selling Gold last Friday, dear lord lost 3 Rs thanks Nick

  • @mrmanq9517
    @mrmanq9517 7 місяців тому +4

    Always giving us little nuggets...much appreciated man 🙌

  • @ingangubenkomo8639
    @ingangubenkomo8639 Місяць тому +2

    How does the market tell you when to stop? Please help because I am starting to understand fundamentals and I have a problem with entries and exits

    • @Divas-r7x
      @Divas-r7x 9 днів тому

      Maybe you could look for a teacher to help you

  • @rustygolfer3475
    @rustygolfer3475 4 місяці тому +1

    Great info. Shorting ES,NQ are my favorite trades, just learning GC . It's awesome we can all take different roads to the same place.

  • @Its_Tumar001
    @Its_Tumar001 7 місяців тому +12

    Love from Nigeria 🇳🇬

  • @JpAiMpEeSr
    @JpAiMpEeSr 25 днів тому

    Thanks for the video, is it possible to give a plain clear explanation on how to calculate lot size when trading gold please?

  • @yenisketches6047
    @yenisketches6047 6 місяців тому +2

    What platform/app is used for trading? I am just starting to learn about it.
    I need to learn about technical part of it first. Which apps, what hardware do I need, banks etc?

    • @Bonic16
      @Bonic16 6 місяців тому +1

      You need trading view for analysis
      Mt5 to execute your trades
      And a broker too
      But this is nothing compared to the time you are willing to invest sacrifice
      And the discipline involved in learning this art of trading.🎉
      Good luck on your journey
      Get yourself a good mentor don't try to play smart please you will hurt yourself if you try to .
      Good luck again
      Stay safe⭐

    • @yenisketches6047
      @yenisketches6047 6 місяців тому

      @@Bonic16 Thank you for info and good wishes.
      Do you, by any chance, know some video or book that explains these technical parts, maybe if I need specific bank account, specific contract with the bank, how do I connect all this.
      Can I do it all via just a laptop or macbook or what.
      I need ultimate newbie guidebook 😂
      🫶🏻

    • @ganeshgupta1039
      @ganeshgupta1039 5 місяців тому

      ​@@yenisketches6047 learned anything buddy ??

    • @Divas-r7x
      @Divas-r7x 9 днів тому

      你应该寻找一个与你的银行账户关联的可靠平台

  • @shadzm1
    @shadzm1 5 місяців тому +2

    Great stuff, I am new in trading still learning, can you help me please , which is the best and easy app for gold trading ?
    And how to create broker account
    Thanks

  • @vforvisuals1151
    @vforvisuals1151 2 місяці тому

    I like your English language man so natural, and clear to people like me who are fron non English speaking countries. Great 👍 Which part of the world you are !

  • @sugarresin
    @sugarresin 7 місяців тому +6

    Every time I try and trade gold, it fucks me over 😪🤣

  • @RussellCrowe-m3t
    @RussellCrowe-m3t 7 місяців тому +1

    Excellent Nick!
    Could you please tell us How Fundamental effects Gold?

  • @TalkingWithNate
    @TalkingWithNate 7 місяців тому +13

    Please do a video on how to trade US OIL 🙏🏾🙏🏾

  • @nadiak9208
    @nadiak9208 Місяць тому

    How to trade online? Which platform to use? Is it linked to bank account ?

    • @Divas-r7x
      @Divas-r7x 9 днів тому

      You should look for a reliable platform that will be linked to your bank account

  • @aneurydperez
    @aneurydperez 4 місяці тому

    nick been in the game for a long time! 💪🏼

  • @santanfemi
    @santanfemi 7 місяців тому

    Great video as always!

  • @ibk3164
    @ibk3164 3 місяці тому

    For your trailing stops, how do you determine how many pips or points to set?

  • @MD.MURADHASAN-ch3qi
    @MD.MURADHASAN-ch3qi 3 місяці тому +2

    It's twice easy to loss then profit

  • @johngreydanus2033
    @johngreydanus2033 7 місяців тому +7

    Only way to trade gold is none of what he said, just use 1-minute chart and your favorite trend indicator, easy peasy.

    • @TraderNick
      @TraderNick  7 місяців тому +7

      Wouldn’t that be nice if it were that easy!

    • @johngreydanus2033
      @johngreydanus2033 7 місяців тому +2

      @@TraderNick Some days it is, use the normal price action analysis, risk management, position sizing, all the good stuff.

    • @ChristopherKai-f9c
      @ChristopherKai-f9c 5 місяців тому +1

      You have said it

    • @thokomalangcobo1824
      @thokomalangcobo1824 5 місяців тому

      ​@@johngreydanus2033 what works for you is not what works for 2nd person

    • @margaretmuniu8767
      @margaretmuniu8767 5 місяців тому +1

      Very true

  • @TheTopCommentz
    @TheTopCommentz 7 місяців тому +1

    Gold has always done exactly what it said it would,,, if it had a voice

  • @azharmuhammad5047
    @azharmuhammad5047 3 місяці тому

    Where exactly do I start trading gold?

    • @TraderNick
      @TraderNick  3 місяці тому

      Broker I use: act.webull.com/i/JPpwHGBISdMe/xy4/

  • @VikramDaz
    @VikramDaz 7 місяців тому

    Hi do anyone know the best trading signal providers with good pips coverage

  • @ChadPowell-eu8dx
    @ChadPowell-eu8dx 6 місяців тому +1

    i honestly liked it but the point is that i still cannot see how it helps with trading gold!

    • @selenkywreckless
      @selenkywreckless 6 місяців тому

      So what do you like??

    • @Divas-r7x
      @Divas-r7x 9 днів тому

      你应该寻找一个与你的银行账户关联的可靠平台

  • @Sinna_Gaming
    @Sinna_Gaming 3 місяці тому

    Trading gold is like talking to a wild horse

  • @cryptolatino9220
    @cryptolatino9220 7 місяців тому +1

    Thank Nick!

  • @Nonhla293
    @Nonhla293 7 місяців тому +1

    Thank you 🙏🏻

  • @manishpandit1196
    @manishpandit1196 6 місяців тому +1

    Good analysis🎉🎉

  • @Receitasvirais4173
    @Receitasvirais4173 5 місяців тому +1

    Love from Mozambique 🇲🇿

  • @ampiciline
    @ampiciline 4 місяці тому

    is it possible to do wheel strategy ( option ) with GLD ??? it seems because moves really fast it will mess up the wheel strategy. please kindly advise

    • @TraderNick
      @TraderNick  4 місяці тому +1

      You certainly could, if you believe over the long term gold will go up and would be willing to hold a drawdown

    • @ampiciline
      @ampiciline 4 місяці тому

      @@TraderNick Thnak you for prompt reply ! the one thing I noticed about GOLD's chart pattern ( last 50 years history , 1970 after ) it is a very Anti-Fragile asset , meaning when "Black swan" events( 2008 and 2020 ) hit , it only dropped 15 % and Most importantly it recovered SUPER fast ( within 6 months ) ....other assets like S&p 500 or IWM dropped more than 30%-50% and took them 3-4 years to recover ( except V shape recovery of 2020 ) .... I think THE next " black swan event" is going to be THE worse one and The recovery time would be ( 12 - 20 years, like Japan stock market crash ) and based on what I have seen from GOLD , it can be a solid anti fragile asset for "wheel strategy" and selling Cover calls and at the SAME time PRESERVATION of your asset during black swan events ....obviously , as you mentioned when the world is at peace GOLD stays low ( inactive) for long time , but I believe STRONGLY the world is going toward more wars and disorders mainly due to global inflation and natural resource scarcity and competition . I think, we are going to have a small pull back exactly to level that you mentioned in your First video , at that price $ 2280 . At that price i will take action

  • @blessedahunanya8964
    @blessedahunanya8964 7 місяців тому +3

    Gold is a one of a kind pair to trade 😜

  • @jaymcwilliams5688
    @jaymcwilliams5688 7 місяців тому +1

    Did we miss the 45% off

    • @TraderNick
      @TraderNick  7 місяців тому

      No! Still available. a1trading.com/EdgeFinder

  • @ASAD-q5j
    @ASAD-q5j 7 місяців тому +3

    always learn something from here love from pakistan

  • @jaymcwilliams5688
    @jaymcwilliams5688 7 місяців тому

    Thanks

  • @LeeDeborah-d9f
    @LeeDeborah-d9f Місяць тому

    Rosenbaum Loaf

  • @richardforsley3353
    @richardforsley3353 7 місяців тому

    Ty

  • @Steezy302
    @Steezy302 7 місяців тому

    What's up nick❤

  • @collenduma7208
    @collenduma7208 7 місяців тому +1

    Please do Oil next.

  • @RestiveRouf
    @RestiveRouf 4 місяці тому

    Best ❤

  • @clashclans4442
    @clashclans4442 7 місяців тому

    No weekly analysis today?😢

    • @TraderNick
      @TraderNick  7 місяців тому

      I was out of town, sorry! I’ll have a video out tomorrow 🙂

  • @hn4300
    @hn4300 7 місяців тому +1

    Translate Indonesia sir

  • @Frédéric34-b1i
    @Frédéric34-b1i Місяць тому

    i earn too massively

  • @abdous-i8s
    @abdous-i8s 3 місяці тому

    wheres the lambo

    • @TraderNick
      @TraderNick  3 місяці тому

      Invested in my trading accounts. Fancy cars aren’t really my thing

  • @mateenabdul3323
    @mateenabdul3323 Місяць тому

    Hello

  • @easybusy4395
    @easybusy4395 6 місяців тому +1

    Trading gold is like trading with a racist. 😮

  • @AubreyMwape-b1j
    @AubreyMwape-b1j 7 місяців тому

    👏👏👏

  • @DaddychiLL6
    @DaddychiLL6 7 місяців тому +5

    Love gold 😂😂 nfp took me out twice before going my direction like ight bruhh 😒 decided to be done for the day went to sleep 😴 and wake up to gold going to new highs 😂😂😂

  • @blakeyrockstar
    @blakeyrockstar 7 місяців тому

    👍👍

  • @TedBryce-o8f
    @TedBryce-o8f 2 місяці тому

    Cruickshank Heights

  • @martinahkal8310
    @martinahkal8310 7 місяців тому

    👏👏👏👏👏