I am a newbie in gold trading please help me .......................
i got loss in a month $650
i got loss in a month $650
Spot gold EA from OG gold system 8 replies
Gold Miner - Gold future support and resistance level trade 7 replies
I'm a newbie - I'm taking 10% per day 21 replies
DislikedI am a newbie in gold trading please help me .......................
i got loss in a month $650Ignored
DislikedI am a newbie in gold trading please help me .......................
i got loss in a month $650Ignored
DislikedDear newbie
Like the other guys said on this forum gold is a very volatile pair and due to its high spread of 50 pips and daily movements of 15 to 20 dollars it can wipe out one's account if you dont have a tight stop loss. I am attaching a chart which is daily gold with macd and cci which shows the trend as down. The safest way to trade is not to try to pick the top or bottom but sell the low of the day or buy the top of the day with a stop loss or use the parameters of cci and macd on daily, then 4 hour, 1 hr and so on and wait for a 4 hour...Ignored