Tips for Successful Gold Trading

Our Recommendations/Tips for successful trading are as follows:

1- Enter in trade as soon as you receive signals via email (use hotmail or gmail and its desktop alert /messenger for quick email alert).
2- if you signedup for diamond membership enter in trade as soon you receive SMS (in diamond membership).
3- to exit from trade use one of the recommended methods mentioned in the blog link bellow:
http://goldsilverforecast.com/blog/?p=5
4- If you are newbie trader then trade on demo account first with virtual money and when you feel comfortable then trade live with real money.
5- Trade according to your capital, if you have $1000 to $5000 capital trade in mini lots, if you have more than $5000 then trade in standard lots.
6- Never involve your emotion in trade and act like a Robot.
7- Never fear with Negative trades as these are also part of game, so calculate accumulated profit.
8- Always use Limits and Stoploss, recommended stoploss is 400 Pips + spread(normally its 50 to 80 pips).
9- Recommended Limit or Target or TP is 200 to 400 Pips so secure your profit early and never greed.
10- Learn how to be optimist and help others to become Successful in every aspect of life, learn these skills from different sources.


Sunny John
Written on Thursday, 10 March 2011 10:34 by Sunny John

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