Learn how to make over $600 per day trading gold on the m1 chart by looking for three big bearish candlesticks before opening a long trade. Reverse if you see three bullish candles, and use a stop loss of $28 to protect your capital. The strategy has been tested over 200 times with consistent results.

How to Make $600 Daily Trading Gold: A Step-by-Step Guide to the M1 Chart

If you are looking for a lucrative and exciting way to make money, then perhaps you should consider trading gold. With the right strategy, you can earn over $600 per day on the M1 chart. In this article, we will discuss a proven and tested strategy that you can follow to achieve your financial goals.

Look for Three Huge Bearish Candlesticks Before You Open a Long Trade

The first step in this strategy is to identify three huge bearish candlesticks before opening a long trade. Typically, these candlesticks will be larger than the previous ones and will indicate a bearish trend. The candlesticks will be red or black, representing a negative price movement. You can get this information from any charting software or trading platform.

If You See the Opposite, Just Reverse

Sometimes, the market may exhibit a bullish trend instead of a bearish trend. In this case, you need to reverse your strategy. Look for three huge bullish candlesticks before you close the long trade and open a short trade. These candlesticks will be larger than the previous ones and will indicate a bullish trend. The candlesticks will be green or white, representing a positive price movement.

Test the Strategy Over 200 Times

To ensure that this strategy works, you need to test it over 200 times. This will help you to identify any weaknesses or flaws in the strategy and make any necessary adjustments. During the testing phase, you can use a demo account, which will allow you to practice trading without risking your money.

Constant Results are Possible with This Strategy

After testing the strategy over 200 times, you will discover that it brings you constant results. This means that you can expect to earn over $600 per day if you follow the strategy correctly. However, it is important to note that market conditions can change quickly, so it is essential to keep an eye on the market and make adjustments as and when necessary.

Protect Your Capital with a Stop Loss of $28

One of the risks associated with trading is the potential to lose money. To minimize this risk, it is advisable to put a stop loss of $28. This means that if the market moves against you, your trade will be closed automatically when you reach this level of loss. This will protect your capital and prevent you from losing more money than you can afford.

Conclusion

In conclusion, trading gold on the M1 chart is a profitable and exciting way to make money. By following the strategy outlined in this article, you can earn over $600 per day. Remember to look for three huge bearish candlesticks before opening a long trade and three huge bullish candlesticks before closing the long trade and opening a short trade. Test the strategy over 200 times to ensure that it brings you constant results, and protect your capital with a stop loss of $28.