BTC/XAU pair trading in Exness

In this article, we will explain how to trade the bitcoin to gold pair (BTC/XAU) on the Exness platform, the basic concepts, tools and strategies that will help you start trading.

BTC/XAU to Exness

BTC/XAU (bitcoin/gold) is a new level trading pair that reflects the ratio of the market price of one bitcoin (BTC) to the market price of an ounce of gold (XAU). Using this pair in your trading can be considered speculation (CFDs are used) on changes in the exchange rate of gold and bitcoin.

The BTC/XAU pair in trading is in demand because of the characteristics of the assets themselves. Exness is one of the few brokers that provides gold/bitcoin pair on its platform and users can use this pair even in demo trading in order to learn in practice the behavior of this pair.

The BTC/XAU pair at Exness is a highly volatile asset trade and this provides an opportunity to correctly predict the movement and benefit from the contract. However, it is important to remember that the market of volatile assets can be unpredictable and with greater opportunities come greater risks.

Using the Exness trading platform to trade the Bitcoin/Gold pair has its advantages:

• BTC/XAU CFDs can be traded 24/7, as this pair is based on the relationship between the price of cryptocurrency and precious metal, and they are not tied to exchanges.
• Traders can save on trading costs as Exness offers some of the lowest spreads on the market for bitcoin vs gold (Sometimes Exness additionally lowers spreads on certain pairs to better benefit its traders).
• Exness offers competitive leverage, which allows traders to trade large volumes with small finances.
• The BTCXAU chart is customizable in terms of time from one minute to one month. This may be enough to trade over a specific time period.
• The Bitcoin vs Gold pair is not found in all brokers, Exness is one of those who offer their traders the possibility to trade these assets.
• High volatility of xaubtc pair and good conditions at Exness broker attract many traders who like risks and possibility of big income.

Try the asset pair of gold and bitcoin in trading on the Exness platform. This pair is available in demo accounts – an ideal way to test and practice.

Exness Terms and Conditions for BTCXAU trading

In order to start trading this pair in Exness you need to understand the terms and conditions of the broker, they are quite simple:

• The pair is not available on all accounts (available only on Standard, Pro, raw spread and zero spread)
• Contract size is equal to 1 bitcoin
• The minimum trading volume per order is 0.5 lots
• Maximum order volume is equal to 20 lots
• Margin requirements for this pair are fixed and equal to 0.25%
• Hedged margin is equal to 0%

Exness tools for BTC/XAU trading

BTC/XAU pair trading in exness is considered CFD as traders conclude a contract for difference with the broker and allow speculating on the change of the asset price even without owning it – it allows trading both on the growth of BTC/XAU price and on its fall.

Trading the pair BTCXAU is considered as possible for profit and also this pair has a high risk. In order to minimize the risks you should properly apply the tools for your trading strategy:

Using Exness technical analysis to trade BTC/XAU

Technical analysis is used to predict price movements by studying historical data. The most popular tools used by traders for analysis:

The use of technical analysis is used to get information about entry and exit points. For example, the price of BTC/XAU breaks through an important resistance level, this can be a buy signal.

Using Exness Fundamental Analysis to Trade BTC/XAU

Fundamental analysis is used to obtain information from economic news and events that can directly or indirectly affect the price of one or both assets in the BTC/XAU pair. Often important economic reports regarding gold or changes in regulation of cryptocurrencies (bitcoin), can significantly affect the market value of assets.

Strategies for trading BTC/XAU on Exness

Popular assets that have high volatility, such as in this case the bitcoin/gold pair, give rise to specialized strategies built with certain conditions in mind. Here are a few types of strategies and trading recommendations:

Popular strategies in BTC/XAU trading on Exness

Swing trading is a strategy, or even can be considered a style of trading, the essence of which is that the trader must detect and use price fluctuations to make a profit. Unlike the strategy “Day Trading” or “Scalping”, the duration of trades does not have any limitations. The main goal of a trader in fluctuations that can last several days is to get the maximum profit with a minimum number of open trades.

The second strategy called “Position Trading” is similar to investing. When using this strategy, the position is held for a long period of time (it can be 6 months or a year). But this type of strategy is applied to simpler pairs that have less volatility. 
It is not recommended to apply “Position Trading” to trading on bitcoin-gold pair as there are certain risks associated with the volatility of one of the assets. This strategy is used only if there is full confidence in the further behavior of assets to benefit.

In trading this pair it is better to use strategies that are designed for shorter periods of time (for example, “day trading”) in order to get profit and reduce possible risks.

Recommendations when trading BTC/XAU

When starting to trade the btcxau pair, it is worth applying the following recommendations:

• Try your strength on a demo account;
• Use stop loss to reduce possible losses;
• Use take profit to automatically lock in profits at a certain level;
• Use different assets for trading to spread the potential risks.

Study educational materials on trading activities in order to enjoy trading. The right approach to trading can give not only pleasure but also possible profit.

Frequently Asked Questions (FAQ)

What is BTC/XAU and how does it work on Exness?

BTC/XAU is a trading pair that shows the ratio of the value of bitcoin to gold. Trading this pair on Exness allows you to speculate on changes in the prices of these assets.

How can I fund my Exness account for BTC/XAU trading?

To fund your account, log in to your Exness account, select the “Deposit” section and follow the instructions.

What are the best strategies to use to trade BTC/XAU?

Popular strategies include swing trading and position trading. Use technical and fundamental analysis to make informed decisions.

What are the risks associated with trading BTC/XAU?

BTC/XAU trading is associated with high volatility and potential losses. Manage your risks with stop losses and diversification.

How to start trading BTC/XAU on Exness for a beginner?

Register on Exness, fund your account, choose the appropriate account type and start trading using technical and fundamental analysis tools.

What tools does Exness offer for analyzing BTC/XAU?

Exness offers a wide range of analysis tools, including charts, indicators and trading signals.