Volume-based indicators work well on the market.
No strategy will keep you on the safe side ultimately. But try to follow strict risk management policy while trading gold.
If you are not a pro, then don’t rely on only forex because it will bring miseray for you.
I grow upset very quickly and it’s one of my bad habits.
Expert traders never take rush decision but ordinary traders do take this and it makes them suffer by the end of the day.
Lack of analytical knowledge is the cardinal reason for which traders are mostly failure.
This is what happens actually most of the time!
For example, after hammer candle the market goes down mostly and there are many other similar techniques that you have to find out yourself...
I consider political condition, inflation, interest rate, candlestick patterns tc before taking an entry.
I am completely in love of XAUUSD and I mostly trade this pair to reap quick gain on the market.
In my view, RSI, moving average, stokistics, bollinger bands and Fibonacchi are good indicators.
Broker gets that money and give it to the person who gains.
I think scalping is easier than other types of trading. I won’t say I am a consistent profit maker but I carry profit on average at times.
Spread consumes more pips that is cut off from your profit so the lower the trading spread, the better it is.
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