The best Gold traders are flexible, and they're not afraid to change their trading strategies when conditions change. They know that a market moving in one direction doesn't necessarily mean it'll stay that way, so they're willing to move with the market by investing in it when prices are down and selling when they're high. Because Gold is the most common type of physical asset, it’s traded more heavily than other types.

In fact, on the New York Commodity Exchange alone, there are around 30x more traders on average buying than selling and generating volume in excess of $50 billion USD per week. This means that everyone involved in the market knows the rules and potential pitfalls. All trading strategies need to be flexible. You need to figure out how to be as nimble as possible when markets change. For example, if you have a trend-following strategy, you’re always going to want to make sure it allows for a smooth transition from one kind of trading (say, long) to another (short).


Although it is impossible to be always right, there are some conditions where good traders can make better choices.When price is trending in the direction of the longer, broader trend, we can use a simple strategy: buy low and sell high. But what if price is not trending? We can apply the same strategy: buy low and sell high.

Traders want to be in Gold during times of a strong uptrend, and want to close their long positions while prices are high. During downtrends, traders should look to get short and cover their short position while the price is low. It's important to have good risk management and trade management strategies in place so that you can take advantage of upward or downward trends.

In the world of trading there are lots of hot tips out there that can help you get ahead. But there’s no substitute for your own research, knowledge and insight. When you know what’s right for a certain market, you can make the right calls time and time again.

The trend is your friend until it ends. When the long-term trend is as strong as it looks on paper, it's imperative to ride along while the getting is good. The problem with that approach, however, is that without fail, no matter how well you think you know the market, prices will sometimes do the opposite of what you think they're going to do.

To Be continued.....