TIPS: MAXIMIZING PROFITS OF XAUUSD SYSTEMS

1. Define Simple XAUUSD Rules and Follow the Trend

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

2. Eliminate Risk Quickly and Let Profits Run

Minimizing risk is far more important than making money. Our first objective in xauusd is to make the trade less risky. We do this by entering only trade setups, setting stop losses, cutting losses quick and never average down, and letting the profitable trades run for a while, just long enough but not too long so as increase the profits. Profitable trades are only kept open as long as the system shows the trend is in place, these transactions should be closed immediately once your exit signal criteria is generated by the system.

3. Choose the Right XAUUSD instruments

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

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

4. Use Gold Money Management Tutorial Guides

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

5. Keep a XAUUSD Journal

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

6. Set take Profit Targets

Establish a daily, weekly or monthly profit targets when trading the trading market. Once you hit this target. This will stop you from over-trading and will also stop you giving back your profits the trading market. Keep your reward to risk ratio high, a 3:1 reward to risk ratio is best. This means opening xauusd trade transactions only when you've the probability of making three times what you are risking.

Examples of signals generated by our xauusd trading system

Example 1: Buy Signal & Sell Signal Generated By XAUUSD System

Buy signal is generated by the indicator based system, then an exit signal is generated before another reverse sell signal is generated on this chart

Example 2: Two buy signals generated by XAUUSD System

Two buy signals are generated during the upwards trending market

Examples 3: Exit Signal Generated by XAUUSD System

Examples of Trade Signals Generated by a XAUUSD System

Other Tips

Learn XAUUSD Education

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

Get a XAUUSD System

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

Learn XAUUSD Money Management

Learn about The Various Money Management Lessons, don't attempt to trade the online market if you do not have money management guide-lines. The 2 management lesson that you must learn are:

What is XAUUSD Money Management

Gold Money Management Methods

Learn about Leverage & Margin

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

Have a Written XAUUSD 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 market.

In General

The first goal should be taking your time to really ascertain 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 XAUUSD. It is essential to keep all the three goals in mind when executing all of your trade transactions but at the same time this isn't a black and white guide to xauusd success.

The first thing is to remember that you really need to work with short term trades until you become profitable and know how to properly monitor these trade transactions. You should trade short term because this way you can monitor your positions and quickly close any xauusd position whose trading 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 exactly how long you can keep your money invested in the online market. Making short-term investments will help you to monitor your trades and control all the risks, do not leave orders open when you are away from your computer or when you are going to sleep, close all xauusd trade transactions and only open orders when you can monitor them.

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

The final suggestion is taking a bit of time to make sure that you get all of your details correct before opening any one trade transaction, this will be the best method. Keep it simple makes just as much sense in 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 thinking as clear as possible will make your xauusd journey easier but knowing when to break from the norm is also important. Moving towards the right path will make success that much more easier to obtain and by learning all of the steps and logic you will be able to continue making profits. XAUUSD is not hard to learn but a lot of traders lose money quickly because of not taking the proper steps in preparation & learning.