Brokers For Trading Gold

1. BROKERS FOR
TADING GOLD

2. Points to be covered today:
1
How To Choose A Broker For
Trading Gold
2
Gold A Wise Investment
3
TODAY’s INDICATORS &
CANDLESTICKS

3. REPUTATION & EXPERIENCE
You don’t want to trade with a broker that is not reputable or that just launched its
trading platform yesterday.
The first thing to check in any broker you are interested in is their reputation and
experience.
 Ensure their team members have a proven track record of achieving success in the
gold market.
 Go through their website to read customers’ testimonies and also read review sites
about them.
If all the Indicators are positive, then you won’t make a mistake.

4. Price and Fees
Another significant consideration is the fees charged by the
broker.
 If the fee is on the high side, it will take a toll on your profit,
and you would not have much to take home.

5. Why Is Gold A Wise Investment Choice?
These are a few of the reasons why Gold is considered a wise investment choice, among other
reasons:
The value of Gold is usually determined every day of the week, but the market.
This makes Investment in Gold very lucrative.
There is also the issue of market instability due to factors like political unrest and interest rates.
Investing in Gold is immune to all of these.
Another reason why Gold is considered a wise investment decision is the fact that Gold serves as
a hedge against inflation.
 Inflation can affect the money you keep in the bank, but when you use that same money to buy Gold,
the value remains untouched whether there is inflation in the land or not.
Gold trades are bass on current market sentiments, which means buying Gold has the potential to
increase your trading capital.

6. CORNS FOR TRADING GOLD ONLINE
Low returns
Price corrections are common

7. PROS FOR TRADING GOLD ONLINE
Predicting the price fluctuations of Gold is very easy
Low risk investment
Not affected by Inflation

8. Ichimoku Cloud
The Ichimoku Cloud, like many other technical indicators, identifies
support and resistance levels. However, it also estimates price
momentum and provides traders with signals to help them with their
decision-making.
The translation of ‘Ichimoku’ is ‘one-look equilibrium chart’ – which is
exactly why this indicator is used by traders who need a lot of information
from one chart.
In a nutshell, it identifies market trends, showing current support and
resistance levels, and also forecasting future levels.

9. Ichimoku Cloud-I

10. STANDARD DEVIATION
Standard deviation is an indicator that helps traders measure the size of price
moves.
Consequently, they can identify how likely volatility is to affect the price in the
future.
It cannot predict whether the price will go up or down, only that it will be
affected by volatility.
Standard deviation compares current price movements to historical price
movements.
 Many traders believe that big price moves follow small price moves, and small
price moves follow big price moves.

11. STANDARD DEVIATION - I

12. Doji candlestick
The Doji candlestick chart pattern is associated
with indecision in the market of the underlying asset.
This could mean potential reversal of the current trend
or consolidation.
This pattern can occur at the top of an uptrend,
bottom of a downtrend, or in the middle of a trend.
The candlestick itself has an extremely small body
centered between a long upper and lower wick.

13. Dark Cloud Cover
The Dark Cloud Cover pattern is seen as a bearish reversal pattern.
This candlestick pattern must occur during an uptrend. As seen in the image below, the bullish candle is followed by a
bearish candle.
This bearish candle must confirm certain criteria to validate the Dark Cloud Cover pattern:
1. The opening price must by higher than the previous days close.
2. The closing price must close below the midpoint of the previous bullish candle.
The Dark Cloud Cover pattern looks similar to that of the Bearish Engulfing pattern. The difference between the two
relates to the second candlestick. Bearish Engulfing pattern has the second candlestick opening above the close of the
first, whilst the Dark Cloud Cover opens above the high of the first candle and closes below the midpoint of the first
candlestick body.

14. Dark Cloud Cover - I

15. GOLD PRICE & CHART

16. BROKERS FOR
TADING GOLD

17. THANKS FOR LISTENING
BROKERS FOR TADING GOLD