This document discusses various money management styles and techniques for gold trading. It covers maintaining a maximum number of open positions, investing sufficient capital, exercising discipline, and following basic money management principles. Specific tips include defining simple trading rules, following trends, eliminating risk quickly while letting profits run, choosing the right trading schedule, and using money management rules like risking less than 2% per trade. Maintaining a trading journal, setting profit targets, and reviewing gold news, analysis, and price charts are also recommended. The goal is to outline strategies for managing risk and maximizing trading profits.

1. MONEY MANAGEMENT STYLES
METHODS IN GOLD TRADING

2. POINTS TO BE COVERED TODAY:
 Maximum Number of Open Position
 Invest Sufficient Capital
 Exercise Discipline
 Managing Account Capital Basics
 TIPS: Maximizing Profits of Gold Trading Systems
 Gold News & Analysis
 Gold Price & Chart

3. Maximum Number of Open
Position
 A final point to consider is the maximum number of open
positions - that is the maximum number of trades that you want
to be in at any one time. This is another factor to decide when
managing your account capital.
 If for example, you chose a 2% risk management method per
trade, you may also say chose to be in a maximum of 5 positions
at any one given time.
 If all 4 of those positions close at a loss on the same day, then
you would have an 8% decrease in your account balance that
day.

4. Invest Sufficient Capital
 One of the worst mistakes that traders can make is attempting to
open a trading account without sufficient capital.
 The trader with limited capital will be a worried investor, always
looking to minimize losses beyond the point of realistic trading,
but will also be frequently taken out of the transaction before
realizing any success out of their trading strategy.

5. Exercise Discipline
 Discipline is the most important thing one can master to become
profitable when trading gold online.
 Discipline is the ability to plan your work and work your plan
when trading Gold.
 It is the ability to give a Gold trade the time to develop without
hastily taking yourself out of the market simply because you are
uncomfortable with risk.
 Discipline is also the ability to continue to stick to your trading
plan rules even after you have suffered losses.
 Do your best to cultivate the level of discipline required to be
profitable when trading Gold online.

6. Managing Account Capital Basics
 Money management is the foundation of any Gold trading system
as it helps investors to get profit transacting on the online spot
Gold trading market.
 It is especially important when transacting in the leveraged
online Gold market.
 If you want to invest successfully in the online Gold market you
should realize that it is very important to have an effective
trading strategy of money management because you will be
using leverage to place your trading orders.

7. Managing Account Capital Basics
 The difference between average profits and losses should be strictly calculated,
the profits on average should be more than the losses on average, otherwise
trading Gold will not yield any profits.
 In this case an investor has to formulate their own trading rules; success of
each person depends on their individual traits.
 Therefore, every investor makes his own trading strategy and formulates their
own money management, based on the above guidelines.
 When you are placing your XAUUSD Gold trading orders put your stop orders
in order to avoid huge losses. Stop orders can also be used to lock in profit and
get additional profit.
 Consider the chance to get profit against loss as 3:1 - this risk: reward ratio
should be favorable more on the profit side. Considering these rules and
guidelines, you can use them to improve profitability of your trading strategy
and try to develop your own strategy that will possibly give you good profits.

8. Define Simple Trading Rules
And Follow The Trend
 The simpler the trading system rules are the better.
 If the Gold trading system rules too complicated, it
will be very difficult to stick to the rules.
 Complicated trading systems are also very confusing.
 A simple Gold trading system makes it easy to follow
the rules.

9. Eliminate Risk Quickly and Let
Profits Run
 Minimizing risk is far more important than making money when it comes to online
trading.
 Our first objective in trading is to make the trade less risky. We do this by entering
only high probability trading setups, setting stop losses, cutting losses quick and never
averaging 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 trading system.
 How long you keep your trades open will depend on what type of Gold trader you are,
If you are a day trader than you will only hold your trades open until the end of the day
and close them at the end of the day even if the trend still shows signs of continuing -
this is because you are a day trader and you will only hold open trades until the end of
the day - you cannot just hold on your trades overnight just so as to let your profits
run because that is not the trading strategy that is specified in your trading plan.

10. Choose The Right Trading
Schedule
 To maximize the profitability of your
Gold trading system find the most active
trading hours for XAUUSD and trade
during these hours only.

11. Use Money Management Rules
 Always risk less than 2% of your total account equity
per trade transaction.
 With compounding, you will be surprised to see how
quickly your Gold trading account grows once you
start to trade with a profitable Gold trading system.

12. Keep a Gold Trading Journal
 Keeping a log of all your trades will help you to
become a better and better and will help you follow
the rules of your system.
 A journal will also keep track of your profitable trades
and losses and you can analyze why a setup was
profitable and why it was not.

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

14. Gold Trading Charts - XAUUSD
Trading Charts
 The chart below shows the price chart of gold. Traders will trade gold using this price
chart.

15. About Gold Trading Charts
 From the chart above a trader can quickly determine the
direction of the gold prices from the price movements.
 The first part prices are moving upwards in an upward trend,
then they start to move down in a downward market trend and
then finally the prices move upward in an upward market trend.

16. Gold News & Analysis
 XAU/USD extends rally to multi-month highs after technical breakout
• Risk-on mood favors gold buyers amid downbeat US dollar, Treasury yields.
• Sluggish US data cools down inflation concerns, helps Fed to defend easy money
policies.
• Geopolitical, covid headlines can offer intermediate moves but nothing major to
keep a tab on.
 XAU/USD eyes additional upside towards $1880
Source:
Gold Forecast, News and Analysis - FXStreet

17. Gold Technical Overview

18. Gold Fundamental Overview

19. Gold Price & Chart

20. MONEY MANAGEMENT STYLES
METHODS IN GOLD TRADING

21. THANKS FOR LISTENING
MONEY MANAGEMENT STYLES