Your first gold trade should feel calm, not rushed. That comes down to having five things ready on your phone before an idea arrives. This checklist covers the two apps you need, the account steps we do with you, how to fund sensibly, and one setting people forget. Stuck on any of them? We will help.
The two apps you need
First, MT5 (MetaTrader 5). It is free from the App Store or Google Play and it is where you place and manage your trades. Second, Telegram. This is where our trade ideas arrive, each with an entry, stop-loss and take-profit, along with updates while the trade is open. Install both before anything else. They take a couple of minutes each and cost nothing.
Your account, verified and funded sensibly
Your broker account needs to be verified before you can trade. We do this together on your onboarding call, so you are never left guessing which document goes where. Once it is open, fund it only with money you can afford to lose. Never bill or rent money. A smaller account you are relaxed about beats a larger one you are worried about. That mindset makes the first trade far calmer.
Notifications on, and our number saved
Turn on notifications for Telegram so you see trade ideas the moment they land, rather than finding them an hour later when the entry has passed. Finally, save our support number. Help is available 24/7, and if any of these five boxes is giving you trouble, a quick message is all it takes to get it sorted.
Key takeaways
- Install MT5 and Telegram, both free, before anything else
- Verify your broker account with us on your onboarding call
- Fund only with money you can afford to lose, and turn notifications on
Common questions
What apps are needed to trade gold on a phone?
You need MT5 (MetaTrader 5) to place trades and Telegram to receive trade ideas and updates. Both are free on iOS and Android.
How much money is needed to start trading gold?
Only what you can afford to lose. Never use rent, bill or emergency money. We help you pick a lot size that fits whatever you fund the account with.
Trade ideas with the levels already worked out
Join the free community and receive XAU/USD trade ideas with entry, stop-loss and take-profit, live training on Tuesdays and Thursdays, and support whenever you are stuck.
Join free on TelegramOpen the calculatorsRisk warning: This article is educational content, not personal investment advice. Gold is a leveraged, volatile instrument and you can lose some or all of your capital. Gold Trade Signals is not FCA regulated. Read the full risk warning.
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