Six trading rules for short-term gold speculation

As the saying goes, "There are no rules and no rules." So, what are the rules in the gold investment market? It is the discipline of making orders. In order to survive in the gold investment market and make profits, you must observe discipline.

The six principles of gold trading are:

1. Grasp the trend and follow the trend

Investors who have just entered the market recommend that they only make steady orders, preferably homeopathic orders. When the megatrend is rising, only long orders are made; when the megatrend is falling, only short orders are made.

2. Close the position on the same day, decisive in and out

The longest holding time is a few hours, and the shortest is only a few minutes. Decide in and out, don't hold a loss order for a long time. In addition, don't stay at random overnight, unless you are doing a long-term trend list.

Open http://t2.mademoney.net, then click whatsapp account +917406391776 to add teachers. A simple greeting may open the door to wealth.

3. Position control, make money securely

Aggressive strategic clearance operations, and stable strategies to increase operations appropriately.

4. Strictly stop losses and control risks

Any trading strategy must bring a stop loss, and a radical strategy should be protected by a stop loss! Operating short-term multiple orders in the downward price or empty orders in the upward direction are all aggressive operations with greater risks but faster returns. Therefore, the stop loss must be set.

5. Respect probability and learn to admit defeat.

In this market, to learn to admit defeat, it is impossible to make a profit every time, the key is how to increase the probability of profitability. When you make a mistake, you must close the position decisively.

6. Stable attitude and rational trading

People who can make rational transactions account for only a small part, but people who can make money are all such people. The trading mentality must be stable and not affected by too many external factors. You can't be proud when making money, and don't be annoyed when you lose money.