You won't lose a single dollar if you apply this strategy used by the top ten traders in the world. Gold is considered one of the most traded assets in financial markets, and traders can benefit from its fluctuations through various strategies that suit their goals and risks. Here are some common strategies:
1. Day Trading
Principle: Buying and selling gold within the same day to take advantage of short-term price movements.
Tools: Technical analysis, indicators such as moving averages, RSI, MACD.
Risks: Requires continuous market monitoring and precise entry and exit points.
Tips:
Use a Stop Loss to protect capital.
Focus on times of high volatility (like the opening of the US markets). For small accounts only.
2. Swing Trading
Principle: Taking advantage of medium-term trends by holding positions for several days or weeks.
Tools: Trend analysis, support and resistance levels, Fibonacci.
Risks: Requires a deeper understanding of the market and may be affected by sudden news.
Tips:
Wait for price breakouts or rebounds from key levels.
Use an appropriate trading size to reduce risks.
3. Trend Trading
Principle: Entering a trade according to the prevailing market trend (bullish or bearish).
Tools: Moving averages (such as 50 and 200 days), trend lines.
Risks: