shall i buy or shall i sell gold on commodity? will gold price go up or it will go down tomorrow?

You don't get it, but you're in good company. Read the book, Market Wizards, about the best dozen traders of our time. Eleven of them lost it all, several of them multiple times, before they finally got it right. Trading is a long shot; 85% chance of failure, almost a surety.

We don't simply roll the dice and predict/guess our money away as investors, at least with any sense of "investing." That is called "gambling." Not one single person, ever, has been able to predict future price any better than a coin toss. Guessing 50/50 is not an edge.

“Those who have knowledge don't predict. Those who predict don't have knowledge." Lao Tzu, 6th century BC

The only way to manage risk is to have a plan for both directions. Without a plan, you're guessing. Your plan tells you what to do and when, according to your risk parameters. Then the plan manages the open position and closing with advanced money management techniques.

If you want to develop a trade plan, read David Nassar's book, Rules of the Trade (available through your Central Library interlibrary loan system).

There is no "10 Easy Steps to Success", but here you go:

10 Steps To Building A Winning Trading Plan

http://www.investopedia.com/articles/trading/04/04...

Best to learn investing first. Trading will take several years to learn and an 85% chance of complete loss, maybe several times.

From one mentor:

Most traders we speak with have learning curves that have cost them between $15,000 and $70,000 and up to two years in time.

Investing is a long-term wealth-building concept.

Trading is a short-term dead-end. Most people cannot do it well any more than they can play a violin well or paint a masterpiece. Silly to waste your time and resources w/o the right aptitudes, let alone the right resources. But the newbie has no idea about psychological blocks, for example; looks fun, possible, right? No. Not really. Same long shot as your guessing price direction, time, or extent.

By limiting risk, you let the market tell you what to do, rather than us trying to tell it what to do. We simply have a plan and manage risk in both directions. You want to know an entry strategy or trading indicator, but that's a short-term book-length subject, different strategy.

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On any one day, the chances are 50:50 which way the price will go, unless there is some particular reason.

Do you really think people here can predict this with certainty? And if we could, do you really think we would share the answer?

buy it