What platform do you recommend for trading gold. At this stage I want to test the market only, not do the actual trade.

You're mostly welcome.

You're mostly welcome.

I quite agree with the Money Management and Market Psychology part.

Isn't this approach similar to using an indicator? The difference is that you are doing it manual and you are doing it in 2 to 3 years instead of a few seconds. I'm not against studying charts and I'm not promoting indicators. I'm just saying that ...

Thanks very much for your input. Al Parsai

I hope we get more input from existing participants and other members. Al Parsai

shaimus, Thanks for your input. Well said. I personally recommend the well known book "Trading in the Zone" by Mark Douglas. This could change the way a newbie looks at this market. Cheers, Al Parsai

Thanks very much for your input. I just need to add this note that even with Automated trading you have to be involved. You need to monitor your robot constantly. You also need to adjust it every now and again. On the other hand not all automated ...

Well said.

That's why I believe that "attitude" is the number 1 factor. Even if you are an "automated" trader you may manipulate the system if you do not have the "attitude" of a trader. This is a very important factor that unfortunately is not taken into ...

I use an alternative approach. I use an automated system to capture every single opportunity. If you miss a trade who knows that it wasn't a winner and then who knows the next will be a winner. Just my 2 cents. I hope it doesn't deviate us from the ...

I quite agree with you about Money Management. It plays a significant role in creating the edge to win in this market. In my humble opinion the most important factor is the trader's attitude. You may give two traders the same tools. Offer them the ...

The spread usually widens at the news time or slightly before that. Most brokers do not accept your trade request immediately in such times. The odds that you'd be able to place a short and a long trade is really slim. I don't think what you suggest ...

I have added an automated translator to the website so you can read the same article in other languages. It uses Google Translate and Yahoo Babelfish to translate the text. Here are some samples for the same article. If you know those languages ...

Thanks very much. I appreciate your positive feedback.