Gold price hit new peak yesterday at 1518, then began to see some selling pressure. Gold price continues to see downside pressure this morning and touched 1495, trading below 1500. After last week's gains, gold price is down to below 1500 this morning due to profit taking from recent gains. However the long term trend for gold price remains bullish as USD index is still very weak and investors are turning to gold as an alternative investment when fears of rising global inflation rise. We could see some more profit taking actions today, a small correction of gold price before gathering momentum to get above 1518.
Benanke posted: Our last open position that was place on thursday has been closed. Another 18% profit, still on 0.0% DD.
0.00% balance DD doesn't mean you don't have DD at all. Right now you in ~20% floating DD. Regarding the private history issue, my opinion is that there's no way to offer managed account services w/o showing the history. Hidden history is keeping the potential investors away. Especially now when I see you have 100% profitable trades A BIG RED LIGHT IS STARTING TO BLINK. It looks like a 'HOLD AND HOPE' strategy to me and we all know 'hold and hope' systems are doomed in the long term.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.