Hello everyone, just joined BabyPips. I trade only Gold.
Selling gold?
nice, looking forward to see some analysis and bias on gold with charts maybe.
gold is an awesome mover, and can really help 1 out growing an account as long as the person knows what he s doing(or can break an account easily). i m currently having a bearish vision on gold ofc unless something changes.
cheers
Hi mate and welcome. Good time to trade gold i can say. 
Hi and welcome, hope you bought Gold recently…
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Great to hear that.
However it would be nice to know why just gold?
And what timeframe and strategies you may be using.
Are you only trading gold because you think the fundamentals are supportive, because of easy to spot seasonality, because of the large moves, please explain.
Welcome to the forum! What is your analysis on Gold at the moment?
I only trade during event, NFP and Interest Rate. Just simple Buy/Sell Stop order during these event.
Gold during NFPs and Fed meetings? - your a better man than me!!
Nice! Welcome to the forums and I hope you’ll share your trading experiences with Gold.
Hi all. Also newbie here. I want to check if anyone can confirm me on this.
If I buy one lot of gold at USD1,552.00/ounce using 1:500 leverage[Assuming there is a 3 pip spread]
1 standard lot = 100 ounce
1 pip = USD10 for standard lot
equity value = USD1,552 x 100= USD155,200.00
required margin = USD155,200/500= USD310.4
1)So say my initial deposit was USD5K, I will now have USD5,000-USD310.4-(3 pips x$10)=USD4,659.60 available margin?
2)And then price rises to USD1,558.50/ounce, my profit is 650 pips=>USD6,500.
So my new margin available will be USD5,000-USD310.4-(3 pips x$10)+USD6,000=USD10,659.60, right?
3)And then later NFP was doing really good, so gold took a plunge to USD1,549. USD1,558.5-USD1,549=USD9.5. This is 950 pip or USD9,500 lost. So my new margin available will be USD5,000-USD310.4-(3 pips x$10)+USD6,000-USD9,500=USD1,159.60 now?
Tried to ask IC Market how they calculate margin. Customer service had no idea. He just asked me to use their margin calculator. That is a shame.
Like Warren Buffet said-“People lose money because they don’t know what they are doing”
hello how are you doing
I experience the same with IC markets