Gold Trading Strategy: How to Trade Gold Successfully in Any Market
Trading gold successfully involves more than just following price charts. Many experienced traders use technical tools like moving averages and the Relative Strength Index (RSI) to spot trends and identify entry or exit points. For example, if gold’s price stays above its 50-day moving average, some traders consider that a positive signal. At the same […]
Drawdown in Trading: Unveiling Static and Trailing Drawdown for Effective Risk Management
Managing risk is a key part of successful trading, and knowing how static and trailing drawdowns work can make a real difference in protecting your account. Static drawdown sets a loss limit that stays the same no matter how your account performs. For example, if you have a $10,000 account with a $2,000 static drawdown, […]