TIPS: MAXIMIZING PROFITS OF Gold SYSTEMS

1. Define Simple Rules and Follow the Trend

The simpler the system is the better. If the trade system is too complex, it will be very difficult to stick to the trading rules. Complicated trading systems are also very confusing. A simple system makes it easy to follow the strategy rules.

2. Eliminate Risk Quickly & Let Profits Run

Minimizing risk is far more important than making money. Our first main aim in gold trading is to make the Gold trade less risky. We do and achieve this by entering only trade set-ups, setting stop loss orders, cutting losses quick & never average down, and letting the profitable trade transactions run for sometime, just long enough, but not too long, in order to increase the profits. Profitable trade transactions are only kept and held open as long as the trade system shows the trend is in place, these positions should be closed immediately once your exit trade signal criteria is generated by the system.

3. Select and Choose the Right Trading Instruments

Once you have your system, you will want to begin testing it on a demo trade account. A system will give different results for each gold.

To maximize the profitability of your trading system find the most active market trading hours for a chosen gold instrument & trade during that session only.

4. Use Gold Equity Management Rules

Always risk less than 2% per trade. With compounding, you'll be surprised to see how quickly your account grows once you begin to trade with a profitable system.

5. Keep a Gold Journal

Keeping a log of all your xauusd trade positions will help you as a trader to become a better & better & will help you as a trader follow the trading rules of your system. A gold journal will also keep track of your profitable trade transactions & losses & you can analyze and interpret why a trade setup was profitable and why it was not.

6. Place take Profit Targets

Establish a daily, weekly or monthly trading profit targets when trading the market. Once you as a trader achieve this target, stop trading and take a break. This will stop you from over-& will also stop you giving back your profits to the market. Keep your risk to reward ratio high, a 3:1 risk to reward ratio is best. This means opening gold trades only when you have the probability of making 3 times what you're risking.

Examples of signals derived & generated by our xauusd system

Example 1: Buy Trading Signal & Sell Trading Signal Generated By Strategy

Gold Strategy Tips - Trading System Rules for Improving Your Gold Method

Buy signal is derived & generated by the technical indicator based trading system, then an exit trade signal is generated before another reverse sell signal is derived & generated on this xauusd chart

Example 2: Two buy signals generated by Trading Strategy

Trading System Tips - Strategy Rules for Improving Your XAUUSD Trading Strategy

Two buy signals are derived/generated during the upward trending market

Example 3: Exit Trade Signal Generated by Strategy

Gold Trading System Tips - Strategy Rules for Improving Your XAUUSD Trading Strategy

Example of Signals Generated by a Strategy

Other Tips

Learn Education Lesson

The first tip is to learn about the Market (Learn Gold Lessons), those who don't learn the required knowledge from the various courses online will not improve their results no matter how many tips they have read. By not learning trading, these traders will keep making the obvious mistakes made by gold novice traders without even realizing what they are doing, XAU USD is a wide topic & in order to make profits a trader will be required to learn first.

Get a Strategy

A trading system is a must for every trader, a system is used to determine what decision to take. A system gives a trader an edge over others who don't have a plan. A good gold plan is one that is back-tested & proven to produce profitable trade transactions. After coming up with your trading system you should back test it on a Demo Trading Account.

Learn Equity Management

Learn about The Various Gold Equity Management Lessons, don't attempt to trade the online trading market if you do not have equity management guide-lines. The two management lessons that you must learn are:

What's Equity Management

Gold Trading Equity Management Methods

Learn about Trading Leverage & Margin

If you don't know what is xauusd leverage and how it works and how it can affect your margin, then you'll not make any money in the market and you will lose your money in the market.

Have a Written Trading Plan

A plan will take into account all the above tips and summarize them within one document that you can use to trade the online xauusd market.

In General

The first goal should be taking your time to really determine what your goals are and how much money you wish to make. Once this is determined then the following three suggestions will help you on your way to start Trading. It's essential to keep all the three3 goals in mind when executing all of your trade positions but at same time this isn't a black & white tutorial to trading success.

The first thing is to remember that you really need to work with short term xauusd trades until you become profitable and know how to properly monitor these trade positions. You should trade short term because this way you as a trader can monitor your open trade positions and quickly close any position whose signal setup reverses. In order to truly benefit from the system you have to be willing to take up the effort to watch the market to see precisely how long you can keep your money invested in the online market. Making short term trading investments will help you as a trader to monitor your xauusd trades and control all the risks, do not leave orders open when you are away from your Desktop computer PC or when you're going to sleep, close all gold trades and only open orders when you as a trader can keep track of them.

Although it's very important to increase the amount of trades that you're investing each time that you trade - some trading guidelines should be followed. The general rule of money management trading rules tends to be never to trade more than 2 percentage of your total equity. This of course makes a lot of sense when you have a lot of money and capital in your trading account but what if you only have a couple of hundreds. Two percentage of $10,000 equals out to be $200 dollars. Even though it's safer to follow this rule it really does not make a lot of economic sense with smaller accounts. If you are investing on Gold this is when trading leverage kicks in to effect and makes all of the difference. In General the more gold capital you have to invest the better in terms of funds management.

Final suggestion is taking a bit of time to make sure that you get all of your trading details correct before opening any trade, this will be the best method. Keep it simple makes just as much sense on the market than anywhere else. Although this may require more time & effort to build up your profits it will save you money in the long term.

Trying to keep your thought process as clear as possible will make your studying trading journey much easier but knowing when to break from the norm also is crucial. Moving towards the right path will make success that much more easier to obtain and by learning all of the steps and logic you'll be able to continue earning profits. Gold is not hard to learn but a lot of traders lose money quickly due to not taking the proper steps in preparation & learning.

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