Learning how to buy gold was a big challenge because i didn't know the right time to actually buy it It looks simple at first especially when you
Listen to some financial market gurus that just say “Buy Gold, dont worry about the price, because its a huge against inflation.”
But what if you want to make moeny from the price action?
You may be thinking, “Its not possible to make money from the price action”
But the truth is its very much possible to make a trae from the gold price action. Here is what i learned:
1. Gold is a protection against inflation 2. Gold performs better than the stock market 3. Gold keeps your buying power
Now if you are just beginning at buying Gold then you may buy at the top, which is not a cool place to start from but if you want to learn how to buy Price the right way then keep reading to understand the strategy i use.
• Gold Buying Strategy
The strategy to buying gold is really not that hard. Because remember you want to buy it in order to proit from the price action right?
So maybe you are thinking, “If only i could make so much money from the Gold price action and not worry about storage fees, and delivery fees from physical gold”
Thats even the more reason why you have to learn how to buy the gold price action right now. Thats why i use the Rocket booster strategy
The rocket booster strategy is a trend following indicator this strategy is very simple and yet very powerful at the same time.
What you need to do is try to understand the moving averages of the last 50 days of the price of the asset you are looking at,
Then you need to try to understand the moving price average of the last 200 days.Then after that you need to understand the gap up in the price action.
• How The Gap Up In Price Action Happens
The gap up in price action is a very important step to really think about especailly when you are looking at the gold price.
You may be thinking “What if the 50 Moving Average crosses above the 200 Moving average? Isnt that part of the rocket booster strategy?”
Listen this past week i saw a stock price that followed the rocket booster strategy and it was trending on social media heavy.
When i checked on it today i realised that the price of this particular stock had crashed! “What the hell happend?”
I thought to myself. This is not crowd pyschology. Just because a stock is trending on social media does not give you the green light to trade it.
Also you have to enter the price action before the gap.Now if you want ro enter after the Gap then thats up to you,But if you want to follow the exact strategy its has to be before the gap.
• Why Buying Before The Gap Up Or Rally Up Is Important
Listen in trading they are a bunch of theories some say buy before the rally some say before during the price rally.
While otehr will a fiancial expert to wait for a hot tip.Sadly even after that hot tip. You will need the confidence of a bull to
Pull the trigger.Trading is a mental game. You re playing this game with a bunch people that sadly dont even make the market move at all
Now are there some trading pocket opportunities that involve pumps and dumps..yes they are.
But remember right now we are looking at the price of gold.
You may be thinking,
“Gold price action is very boring...why are we addressing this?”
Because the market is very quiet right now but you ttrading journey never stops you have to learn more
Rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money wether you like it or not please risk managment and profit taking strategies.
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