How to Trade Gold Safely

Artikel ini terakhir diperbarui pada 06 July 2023.

Are you interested in starting gold trading? Before you start, there are a few things you should know in order to trade gold safely. First, you must choose a broker that has official regulations. Make sure the broker you choose is registered with the Commodity Futures Trading Supervisory Agency (BAPPEBTI) and has certification from international institutions such as the Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA). In addition, make sure the broker has been operating for several years and has a good reputation.

Second, before you start trading, you must understand the risks of trading gold. Gold trading is a high-risk investment, especially if you don’t do proper analysis and don’t have a good trading strategy. You must be prepared for possible losses, so it is important to start trading with sufficient capital.

Thirdly, you should avoid brokers that offer too much profit and promise too much. A good broker will provide clear information about the risks of trading gold and not promise unrealistic profits. You should also pay attention to the amount of spread and commission charged by the broker.


The Importance of Having a Good Trading Strategy

A good trading strategy is essential to minimize risks and increase profits in gold trading. You must understand technical and fundamental analysis to make the right trading decisions. In addition, you should pay attention to risk management, such as setting stop loss and take profit, and limiting the size of trading positions so that they are not too large.

You should also keep up with economic and political news, especially those related to factors that affect gold prices, such as inflation, central bank policies and geopolitics. By following the news, you can make more informed trading decisions.

Advantages and Disadvantages of Gold Trading

Before you start trading gold, it is important to know the advantages and disadvantages of this investment.


One of the advantages of trading gold is its high liquidity. Gold is a widely traded commodity around the world, making it easy to buy and sell gold quickly. In addition, gold is also a safe haven asset that is considered a hedge against inflation and economic uncertainty.

Another advantage of trading gold is the huge profit potential. The price of gold tends to rise in the long run, so if you buy gold and sell it when the price rises, you can make huge profits.


One of the disadvantages of trading gold is the high risk. The price of gold is highly volatile and can change quickly, so you should understand the risks involved in trading gold. In addition, gold trading fees such as spreads and commissions can also be an obstacle in making large profits.

In addition, if you’re trading physical gold, then you should pay attention to the costs of storing and shipping gold. These costs can reduce the profits you make from trading gold.

How to Choose the Right Trading Strategy?

Choosing the right gold trading strategy is the key to making a profit in gold trading. Here are some trading strategies that you can use:

1. Trading with Technical Analysis

Technical analysis involves studying the past price movements of gold and predicting future price movements by identifying certain patterns. This trading strategy is done using price charts and technical indicators, such as moving averages, MACD, and RSI.

2. Trading with Fundamental Analysis

Fundamental analysis involves the study of economic, political, and social factors that affect the price of gold, such as inflation, interest rates, and monetary policy. This trading strategy is done by reading and analyzing economic and political news relevant to gold.

3. Trading using a Trading Robot or Expert Advisor (EA)

A trading robot or EA is a computer program that can trade automatically based on a specific trading strategy. You can install a trading robot or EA on the trading platform you are using and set the trading parameters accordingly.

How to Read the Gold Price Chart

To understand the price movements of gold, you must be able to read the gold price chart. Here are some components in the gold price chart:

1. Price

Gold prices are displayed in the form of a candlestick chart or line chart. The lowest price is marked by the lower shadow of the candlestick or line, while the highest price is marked by the upper shadow. The price range between the lowest and highest price is marked by the body of the candlestick or line.

2. Timeframe

Timeframe indicates the time span in the gold price chart, such as 1 minute, 5 minutes, 15 minutes, 1 hour, 1 day, and others. You should choose a timeframe that suits your trading strategy.

3. Technical Indicators

Technical indicators are used to help predict gold price movements. Some technical indicators that are often used in gold trading include moving averages, MACD, and RSI.

How to Calculate Profit and Loss in Gold Trading

Profit and loss in gold trading are calculated based on the price movement of gold. If you buy gold and the price goes up, then you get profit. However, if the price goes down, you will incur a loss.

You can calculate profit and loss by using the following formula:

Profit = (Sell Price – Buy Price) x Lot Size x Pip Value

Loss = (Buy Price – Sell Price) x Lot Size x Pip Value

Lot size is the number of units of gold bought or sold, while pip value is the smallest unit of price change in gold trading.

How to Trade Gold Safely through a Reliable Broker

Choosing a trusted broker is an important step in trading gold safely. Here are some tips on choosing a reliable broker:

1. Has Official Regulation

Choose a broker that has official regulations from authorities related to gold trading, such as BAPPEBTI, CFTC, or NFA. Official regulation guarantees the safety of customer funds and transparency in broker operations.

2. Has a Good Reputation

Brokers that have a good reputation are considered more trustworthy in providing safe and profitable gold trading services.

3. Provides a Reliable Trading Platform

Choose a broker that provides a reliable and easy-to-use trading platform. A good trading platform should be able to display real-time gold price data, provide technical indicators and analysis tools, and offer automated trading features.

4. Provide Good Customer Education and Support

A good broker will provide good education and customer support to its customers. This education and support can help customers understand the risks and proper gold trading strategies.

How to Trade Gold Safely – Q&A

1. Is gold trading safe?
Gold trading carries a high risk, but if done correctly and through a trusted broker, gold trading can be a profitable investment.

2. How much capital is required to start trading gold?
The capital required to start trading gold varies depending on the broker used and the trading strategy to be used. However, you should start with enough capital to cover the risks that may occur.

3. Do I need to physically trade gold?
No, you don’t. You can trade gold online through brokers that provide online gold trading services.

4. How do I read the gold price chart?
You can read the gold price chart by paying attention to the price, timeframe, and technical indicators used on the chart.

5. Do I need to use a trading robot?
Not necessary, but the use of a trading robot or EA can simplify the trading process and increase profits in gold trading.

6. Do I need to pay storage and shipping fees if I trade physical gold?
Yes, you will have to pay these fees. However, if you’re trading gold online, you don’t need to pay storage and shipping fees.

7. How to choose a reliable broker?

Choose a broker that has official regulations, a good reputation, provides a reliable trading platform, and provides good customer education and support.


Gold trading is an investment that can be profitable if done correctly and through a trusted broker. Choosing a good broker, having the right trading strategy, understanding the risks of gold trading, and paying attention to economic and political news are some of the things that must be considered in starting gold trading. In gold trading, you must be prepared to face high risks and use good risk management to minimize losses. Don’t forget to read gold price charts, calculate profits and losses correctly, and follow a trading strategy that suits your trading style.

If you are interested in starting gold trading, make sure to choose a reliable broker and do your research before starting trading. Happy trading and good luck!

Types of Trading Advantages Disadvantages
Trading with Technical Analysis Accurate predictions Does not take into account fundamental factors
Trading with Fundamental Analysis Follows the market trend Requires complex analysis
Trading using Trading Robots or EAs Automated trading Requires careful setup

Disclaimer: This article does not constitute investment advice. Before you start trading gold, you should understand the risks involved and consider your investment objectives.

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