Starting my Monday with a good Trading Mindset on Xauusd
To start the May Month, I had to resume trading my favourite, but volatile fx pair, gold. Let's take our minds to the then bitcoin era where it moved from $15k to $67k under 6 months. It was no surprise because we all expected the bullish season, but gold didn't move at such a pace. It was slow and steady and one beautiful thing about the gold pair is that it's not as volatile as bitcoin even though it's scarce as it. Some traders may argue this no doubt. Lot size and some other setups matter when it comes to trading and I keep telling people that FX and crypto aren't bad investments. It's just that, you want the money fast enough. Some people gamble on FX to earn money easily and faster and then quit, but does it solve it? It doesn't because as good as gold can be, it can rip you off your entire property in one night. ...
That's why people keep shouting, TAKE PROFITS. So what's the bone of contention here? I analysed the market today and saw it was a bit shaky even when some commercial trade markets opened for a bonce. ......
These candles can define your future and can also damage it. So when trading this is week, whether crypto or FX. Don't dream of making millions in a week. I started by analysing and placing a long-term setup as I'm still expecting new breaks
Posted with Speem