Best of the Week
Most Popular
1. Trumponomics Stock Market 2018 - The Manchurian President (1/2) - Nadeem_Walayat
2.Yield Curve Inversion a Remarkably Accurate Warning Indicator For Economic & Market Peril - Dan_Amerman
3.China is Now Officially at War With the US and Japan - Graham_Summers
4.Markets Pay Attention Moment - China’s Bubble Economy Ripe for Bursting - 16th Jul 18 - Plunger
5.Stock Market Longer-Term Charts Show Incredible Potential - Chris_Vermeulen
6.U.S. Stock Market Cycles Update - Jim_Curry
7.Another Stock Market Drop Next Week? - Brad_Gudgeon
8.The Death of the US Real Estate Dream - Harry_Dent
9.Gold Market Signal vs. Noise - Jordan_Roy_Byrne
10.The Fonzie–Ponzi Theory of Government Debt: An Update - F_F_Wiley
Last 7 days
Dollargeddon - Gold Price to Soar Above $6,000 - 16th Aug 18
Stock Market Higher Again, Correction Over? - 16th Aug 18
Up Your Forex Trading Game - 16th Aug 18
Large Caps Underperformance vs. Small Caps is Bullish for Stocks - 16th Aug 18
“The Big Grab” - Failing Pension and Retirement System - 16th Aug 18
How US Indo-Pacific Vision Forgot Asian Development - 16th Aug 18
Impulse Moves in the Currencies - 15th Aug 19
Best Merlin UK Theme Park Summer Holiday 2018 - Thorpe, Alton Towers, LegoLand or Chessington? - 15th Aug 18
The Essence of Writing an Essay that Must be Understood - 15th Aug 19
Is Solar Energy Rising From The Ashes Again? - 15th Aug 18
A Bullish Bond Argument That Hides in Plain Sight - 15th Aug 18
Jim Rogers on Gold, Silver, Bitcoin and Blockchain’s “Spectacular Future” - 15th Aug 19
A Depressed Economy And A Silver Boom - 15th Aug 19
Moving Averages Help You Define Market Trend – Here’s How - 14th Aug 18
It's Time for A New Economic Strategy in Turkey - 14th Aug 18
Gold Price to Plunge Below $1000 - Key Factors for Gold & Silver Investors - 14th Aug 18
Dow Stock Market Trend Forecast 2018 - Video - 13th Aug 18
Stock Market Downtrend to Continue? - 13th Aug 18
More Signs That the Stock Market Will Rally Until 2019 - 13th Aug 18
New Stock Market Correction Underway - 13th Aug 18
Talk Cold Turkey Economic Crisis - 13th Aug 18
Which UK Best Theme Park - Alton Towers vs Thorpe Park vs Lego Land vs Chessington World - 12th Aug 18
USD is Rising. What this Means for Currencies and Stocks - 12th Aug 18
Hardest US Housing Market Places to Live - Look Out Middle Class - 12th Aug 18
America’s Suburbs Are Making a Comeback - 12th Aug 18
Stock Market US Presidential Cycle, Seasonal Analysis and Economy - Video - 12th Aug 18
Yield Curve Inversion and the Stock Market - Video - 11th Aug 18
Land Rover Discovery Sport 1st Dealer Oil Change Service - What to Expect - 11th Aug 18
How to Setup Webinars and Use Them to Overcome the Barriers in E-Learning - 11th Aug 18
Big US Stocks’ Q2’18 Fundamentals - 11th Aug 18
Dow Stock Market Trend Forecast 2018 - 10th Aug 18
SPX Testing Its First Support Level - 10th Aug 18
Dreaming of a "Comfortable Retirement" on a Public Pension? - 10th Aug 18
The Forrest Gump of All Future Democrat Election Losses - 10th Aug 18
More Uncertainty as Stocks Got Closer to January Record High - 10th Aug 18

Market Oracle FREE Newsletter

Trading Any Market

How to Day Trade Spot Gold Futures with Accuracy

Commodities / Gold and Silver 2010 Mar 23, 2010 - 01:29 PM GMT

By: Chris_Vermeulen

Commodities

Best Financial Markets Analysis ArticleDay Trading Spot Gold Futures is a touchy subject among traders. You either hate it and think it cannot be day traded for consistent gains or your love it finding its movements very accurate. As most of you know I love trading gold


I get my fair share of emails from individuals who think trading gold is a complete scam because of manipulation and crazy price action and I completely agree with this group of people. But the entire market is manipulated… so we all just have to deal with it or stop trading and I am not going to do that.

My focus is on price action and volume allowing me to think with a level head and manage my money one candle stick bar at a time.

Spot Gold Futures Day Trade Video

So here is a short video covering a recent day trade for spot gold futures. Notice in the video I use the gold futures chart for analyzing the market and how I traded with CFD’s during the late night.

The reason I traded CFD’s is simply because you can trade any size position with CFD’s big or small and I like small positions during overnight trades when I am sleeping. Also you get crazy 100-200x leverage trading CFD’s. So I can risk a very small amount of money but have big potential if a trade goes in my favor so for this small move in gold I was able to capture the gains with little risk.

It is important to note that when I have a buy or sell signal in gold, silver, oil, the indexes etc… any related investment can be traded. For example if I have a buy signal for gold the you can trade gold futures, gold CFD’s, gold ETF’s etc…. they all move together at the same time. You pick which investment you are comfortable wil.

Anyways, day trading spot gold is my sweet spot (Pardon the pun) in the market and with my new trader service launching April 6th were I provide every trade I do whether its an ETF, Futures or CFD play members will be able to trade directly beside me in the chatroom which has a live audio squawk box. The service will be very educational as you not only see what and when im trading but can ask me questions and read my weekly educational trading reports explaining closed out trades.

Gold Trading Conclusion:

I hope this short video helps you understand that taking every trade the market seems to be giving you does not always need to be taken. The average trader thinks that I am extremely aggressive as I day trade, swing trade and do so some long term dividend plays etc… but really I would consider myself VERY CONSERVATIVE.

I pass on about 70% of the setups I see and wait for something that has ALL the stars aligned before putting my money to work. The market is designed to chew up and spit out gamblers before they even know what hit them. And this is why I site back and watch the blood bath on a daily basis only sticking my hand in when it looks clear.

You will not see me bet the house on any given trade. All I am looking for is a low risk setup. If there is an edge I will take the opportunity to make money whether it’s a quick $50 or a $1500 a day trade setup.

If you would like to receive my free weekly trading reports please visit at: TheGoldAndOilGuy

Hello, I'm Chris Vermeulen founder of TheGoldAndOilGuy and NOW is YOUR Opportunity to start trading GOLD, SILVER & OIL for BIG PROFITS.  Let me help you get started.

To Your Financial Success,

By Chris Vermeulen
Chris@TheGoldAndOilGuy.com

Please visit my website for more information. http://www.TheGoldAndOilGuy.com

Chris Vermeulen is Founder of the popular trading site TheGoldAndOilGuy.com.  There he shares his highly successful, low-risk trading method.  For 6 years Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets.  Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return.

This article is intended solely for information purposes. The opinions are those of the author only. Please conduct further research and consult your financial advisor before making any investment/trading decision. No responsibility can be accepted for losses that may result as a consequence of trading on the basis of this analysis.  

Chris Vermeulen Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules