Common Mistakes to Avoid

7.1 Overtrading During News Events

• Avoid entering trades just before or after major economic announcements.

7.2 Ignoring Risk Management Principles

• Never risk more than 2% of your capital on a single trade.

7.3 Trading Without Confirmation Signals

• Always wait for price action confirmation before entering a trade.

7.4 Emotional Trading

• Stick to your plan and avoid revenge trading after losses.

Conclusion

This rule book provides a structured approach to trading XAUUSD, combining technical analysis, fundamental insights, and disciplined risk management. By adhering to these rules, you can enhance your decision-making, minimize risk, and improve your overall trading performance.