Investment Method for Office Workers on XAUUSD(Gold)

Investment Method for Office Workers on XAUUSD(Gold)

Preface

     While office workers are busy at work with only limited time to monitor the market, under this circumstance would most likely to missed the rare volatile market interval or perhaps missed setting the Take-Profit and/or Stop-Loss functions to prevent the worst scenario.
So, how to make a plan to help yourself on invest while working for income?

Pre-Work For Investment

    During weekdays, or before the rest of the night, please browse the US financial information and whether there are important events affecting the market the next day, or review the important financial information of last night before going to work that day.

Pre-Measured Trends – Sample from XAUUSD(Daily Range)

Observing XAUUSD Daily chart, utilizing customary technical Indicators to measure the market trend of the day.

Pre-Set Order – Limit Orders

    After measuring the trend of the day, if you forecast the pullback would occur, and wishes to go Long position afterward, click:

Type → Pending Order → Buy Limit

Nominating Price to buy, then the trading software will automatically place an order as desired when the XAUUSD market price do matches the pre-set price.
    Conversely, if intended to conduct Short position after forecast the market price would appreciate slightly in advance, then plunges at relative high, would recognize as Sell Limit Order and would required the ideal setup as previously mentioned, but with Sell Limit, in order to execute as wished.
    Please select the date of validity and take the intraday order as the principle. If the pending interval is prolonged, the more variables may possibly be encountered on the market.

Pre-Set Order – Stop Orders

      After measuring the trend of the day, if you wish to wait for the price to break through and enter at the nominated price, you can choose to Buy Stop to execute.
      In contrast, if you wish to wait for the price of XAUUSD to fall below a specific price, you may select Sell Stop option.
    Again, Please select the date of validity and take the intraday order as the principle. If the pending interval is prolonged, the more variables may possibly be encountered on the market.

Reminder

Set the Take-Profit & Stop-Loss when placing any order(s).
     After the order is placed, the Take-Profit & Stop-Loss prices are preset according to the pre-measured Resistance and Support levels.
    After the setting is completed, you can focus on your own work, then perform investment acceptance after work.

Investment Acceptance After Get Off Work

    After get off work, check whether there are any unfilled Positions or Take-Profit & Stop-Loss orders being executed, and re-evaluate the reason why the preset order were not fulfilled, or whether the Take-Profit and Stop-Loss settings are appropriate.
  These reassessment & debriefs are crucial to confirm whether the technical analysis, resistance & supporting measurement techniques are applicable, if do so, then put it into practice again, and follows the investment preparation before going to work the next day again, on and on circulating. However, if the working hours are at night and the day is a rest time, you only need to complete the above investment preparations before starting work.

Epilogue

     Great portion of the effectiveness in investment depending on pre-preparation & post-evaluation, such as the collection of financial information, the repeated measurement & confirmation of technical analysis, the sensitivity & skills when placing orders, and the adequate management on sufficient safety value of order, margin & position.
    Last but not least, review the entire investment process. Each step may seems independently, but instead, it’s closely related. However, as long as the Investors can progressively absorbing more and more relevant knowledge, coupled with your consecutive practices, You shall be able to become the chief in charge in the future.

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