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PipsMorrow

Learn to trade gold (XAU/USD), start to finish, in one course

The complete course — 10 chapters · 72 topics · 3.8 hrs · zero to a pro level · no sign-up · completely free

  • 10 chapters
  • 72 topics
  • 3.8 hrs
  • 100% free
Start Chapter 1
BEGINNER

Beginner level

Build a solid foundation — what gold is, what moves its price, and how to place your first trade

4 chapters · 27 topics · ~1.3 hrs

01

Gold in the Financial System: The Basics

18 min5 topics

Understand why gold matters in the global financial system, and why every trader needs to know it.

  • What gold is · its role in the financial system
  • A brief history of gold · from the Gold Standard to Bretton Woods
  • Why gold is a Safe Haven Asset
  • Gold and inflation — is it really an Inflation Hedge?
  • + 1 more topic
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02

What Moves the Gold Price (XAU/USD)

25 min9 topics

9 key factors that move the gold price, and how to spot the signals before the market moves.

  • The Federal Reserve and FOMC interest rate policy
  • 10-year US Treasury yields · real yield
  • DXY (US Dollar Index) — its inverse correlation with gold
  • Inflation · CPI / Core CPI / PCE
  • + 5 more topics
Start chapter
03

Ways to Trade Gold

15 min6 topics

Find the format that fits your style — spot, futures, ETFs, CFDs, mining stocks, and options

  • Gold bars
  • Gold ornaments (physical gold)
  • Gold ETFs · GLD, IAU, SGOL on the US market
  • Gold futures · CME (GC)
  • + 2 more topics
Start chapter
04

Trading XAU/USD on a Forex Platform

20 min7 topics

How to open a gold position, and how to work out pip value, lot size, margin, and leverage on MT4/MT5

  • The XAU/USD symbol across different brokers
  • Pip value for gold — how it differs from EUR/USD
  • Working out lot size on XAU
  • Leverage for gold · 1:100 vs 1:500 vs 1:1000
  • + 3 more topics
Start chapter

Beginner level complete — you understand the gold market and can open your first position with confidence.

Continue to Intermediate level
INTERMEDIATE

Intermediate level

Read charts, use indicators at the right moments, and start building your own trading system.

4 chapters · 32 topics · ~1.9 hrs

05

Technical Analysis for Gold

30 min9 topics

Indicators, chart patterns, and tools that actually work on gold (XAU/USD).

  • Support & resistance on gold
  • Trendlines & channels on XAU/USD
  • Moving averages · the 50 EMA and 200 SMA for gold
  • RSI Divergence on gold
  • + 5 more topics
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06

7 Gold Trading Strategies

35 min7 topics

Pick the strategy that fits the time you have — scalping, swing, position, and news trading.

  • Trend following — trading with the bigger move
  • Range trading — taking profit inside a price range
  • Breakout trading — trading a break of a key level
  • News trading · around NFP / CPI / FOMC
  • + 3 more topics
Start chapter
07

Risk and Money Management

25 min7 topics

How to protect your capital over the long run — position sizing, stop loss, and risk-reward.

  • Position sizing — how many lots per trade
  • Stop loss placement on gold · ATR-based
  • Risk-reward ratio · is 1:2 or 1:3 realistic
  • Maximum drawdown — how much loss you can absorb
  • + 3 more topics
Start chapter
08

Economic Events That Move Gold

22 min9 topics

9 key releases that move gold every time · release schedule, impact, and how to trade them.

  • Non-Farm Payrolls (NFP) · every first Friday of the month
  • CPI / Core CPI · US inflation
  • FOMC Meeting & Interest Rate Decision
  • Fed Chair Powell speeches · reading the signals
  • + 5 more topics
Start chapter

Intermediate level complete — you can analyze charts, plan a trade, and manage your own risk.

Continue to Advanced level
ADVANCED

Advanced level

Advanced strategy, trading psychology, and managing your account like a professional.

2 chapters · 13 topics · ~0.6 hrs

09

Tools Gold Traders Use

18 min7 topics

Software and indicators that help you trade gold more like a professional.

  • TradingView · the best charts and alerts
  • MetaTrader 4 vs. 5 · a comparison
  • Forex Factory calendar · checking news in advance
  • COT report · reading signals from commercials and speculators
  • + 3 more topics
Start chapter
10

Trading Psychology for Gold

20 min6 topics

Gold is 5 to 10 times more volatile than EUR/USD — psychology is what decides the outcome.

  • Why gold is harder than it looks — 100+ pips/day of volatility
  • FOMO trading · jumping in after seeing gold move
  • Revenge trading · opening a position to win back a loss
  • Patience for the right setup · not every day needs a trade
  • + 2 more topics
Start chapter

Course complete — you're ready to trade live with a system behind you.

Try the calculators

Not ready to start the course? Try a lot size calculation first.

Use the calculators to size your trade and check your risk before you trade for real. No sign-up, ready to use right away.

Go to the tools page