Reply To: Is gold good for short term trading?

#190832
James Barra
Moderator
    DayTrading.com Team

    Hi Damien Hals,

    Welcome!

    Gold can be suitable for day trading if you’re comfortable with volatility and have an excellent risk management strategy.

    For beginners or if you’re unfamiliar with how macroeconomic events impact gold, it might be more challenging.

    Use our guide to gold trading to learn about the pros and cons in more detail. We also cover what influences the price of gold and different ways you can trade it. I hope you find it useful.