I love Gold Only
Mitglied seit Dec 11, 2015
1487 Posts
Mar 10, 2018 at 15:15
What about Copper and Platinum? Does anyone trade them?
Mitglied seit Sep 12, 2015
1948 Posts
Mar 10, 2018 at 18:16
Cobalt has become an interesting metal to trade used in the batteries for electric cars,demand will only increase in the coming years.
"They mistook leverage with genius".
Mar 11, 2018 at 06:55
Gold is the worst thing to trade. I suggest that you don't trade Gold. Trade the major currency pairs only, as they have tighter spreads and are more consistent in there behavior and much easier to trade than gold or other metals. Even experienced traders get hammered trading gold. I have been trading for about 10 years and do quite well, BEWARE of the BEAST (Gold).
Mar 11, 2018 at 06:57
AmDiab posted:GreenMo posted:
I tried silver once but I found that the spread was quite high with the broker that I use. I stick to gold now
Good choice; same here! Although, I don’t avoid the silver completely but gold is my 1st choice.
I think, if you strategy works on the both; then there is no problem with the silver.
Mitglied seit Mar 03, 2018
5 Posts
Mar 11, 2018 at 07:02
Trading with gold is one of the best, it is an asset that is maintained through the years and has great high-low, in addition to the offer is safe. I like it.
Mitglied seit Dec 11, 2015
1487 Posts
Mar 11, 2018 at 15:47
snapdragon1970 posted:
Cobalt has become an interesting metal to trade used in the batteries for electric cars,demand will only increase in the coming years.
It hasn't even occurred to me to look at its charts. I should take a look.
Mitglied seit Sep 12, 2015
1948 Posts
Mar 11, 2018 at 21:55
Clauderolf posted:
Trading with gold is one of the best, it is an asset that is maintained through the years and has great high-low, in addition to the offer is safe. I like it.
Can be used as an indicator sometimes also when trading US dollar.
"They mistook leverage with genius".
Mar 12, 2018 at 06:26
Sorry i cant agree that's its one of the best !!! At the moment it's ok because its moving sideways in a ranging motion, but the trouble with Gold is that spikes way too much and will take you out of a trade... even when you have your stop loss in the proper place.
Mitglied seit Aug 27, 2017
994 Posts
Mar 12, 2018 at 06:33
Hi Kieran! Which trading indicator did you mean? Any default or custom? Actually I have very bad experience on trading indicators! Now my major is the PA trading skill.
Mitglied seit Sep 12, 2015
1948 Posts
Mar 12, 2018 at 11:10
Adribaasmet posted:
Hi Kieran! Which trading indicator did you mean? Any default or custom? Actually I have very bad experience on trading indicators! Now my major is the PA trading skill.
Gold usually has an opposite correlation to the US dollar, can be used as a confirmation indicator sometimes,the Dollar index is another of many, one has to be very selective with regard to indicators,some are useful but not all the time,important to know how they work just remember if everyone is using similar there's no edge. I would use Price Action,BB,SMA ,depends on if its trending or in a range. 20% Technical, 80% Fundamental.
"They mistook leverage with genius".
Mitglied seit Dec 21, 2012
1 Posts
Mar 12, 2018 at 11:27
Yes i agree with waynek that is just the absolute nature of gold, look again at you chart you will extreme highs and lows.
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