Have you tried trading silver?

May 19, 2017 at 09:31
956 Angesehen
20 Replies
Mitglied seit Dec 22, 2016   18 Posts
May 19, 2017 at 09:31 (bearbeitet May 19, 2017 at 05:46)
Hello, everyone, I used to trade platinum in the forex market, however, I just want to ask if anyone has used it in their trading please let me know how's the experience?

I became interested in it as I have read in Platinum Asset (https://itrader-forex.dk/trading-platinum/) that this is thirty times rarer than gold with large deposits found on the moon and from meteorites.
Mitglied seit Dec 11, 2015   1487 Posts
May 19, 2017 at 14:02
What do you mean, deposits found on the Moon? No one's mining the Moon yet.
Mitglied seit Apr 18, 2017   920 Posts
May 19, 2017 at 15:48
HenritteC posted:
Hello, everyone, I used to trade platinum in the forex market, however, I just want to ask if anyone has used it in their trading please let me know how's the experience?

I became interested in it as I have read in Platinum Asset (https://itrader-forex.dk/trading-platinum/) that this is thirty times rarer than gold with large deposits found on the moon and from meteorites.

Of course, I use Silver trading metal in my trading! Although I see, trading spread on silver trading instrument is relatively higher than general trading instruments! But my trading strategy always inspires me to use this volatile trading metal because of it’s outstanding success ratio here! Even, last night I got here 78 pips profit!
Mitglied seit Dec 11, 2015   1487 Posts
May 22, 2017 at 10:57
Does anyone know what caused that big spike that reached 17.13 earlier today?
Mitglied seit Apr 18, 2017   45 Posts
May 22, 2017 at 12:12
No, till now I use limited number of trading instruments, I mainly use major FX currencies since my trading strategy works on major instruments only! On the other hand, I am working on multiple trading strategies for using volatile trading instruments like Gold and silver! I seem, silver is not for the beginners!
Mitglied seit Dec 06, 2016   33 Posts
May 23, 2017 at 06:32
the forecast of silver this year seems quite better than last year. (see https://www.funds-money.com/silver-2017/)
the contributors for this status is that the mining cost of silver decline since 2012 up to present which made the miners encouraged by boosting the supply of this precious metal.
Mitglied seit May 23, 2017   13 Posts
May 24, 2017 at 06:26
Usually very large spreads on silver. I tried it once but the spread took all my profit
Ginote
forex_trader_377398
Mitglied seit Nov 18, 2016   7 Posts
May 24, 2017 at 06:41
mlawson71 posted:
What do you mean, deposits found on the Moon? No one's mining the Moon yet.

hahahaha 😂
Mitglied seit Mar 15, 2017   9 Posts
May 24, 2017 at 14:03
Maybe you could take a super long term short on silver (i.e 50 years!) expecting a collapse in the price of silver once the Moon silver starts arriving! But it is a bit of a long shot
Mitglied seit Feb 12, 2016   522 Posts
May 25, 2017 at 13:31
Penfold101 posted:
Maybe you could take a super long term short on silver (i.e 50 years!) expecting a collapse in the price of silver once the Moon silver starts arriving! But it is a bit of a long shot

50 years per trade .... 😄
Imagine if the Stop Loss being triggered :)
But it does not matter, will take another trade :)
Mitglied seit Dec 27, 2016   16 Posts
May 26, 2017 at 02:45
Hey henritte, thanks for the link. I enjoyed some of the articles inside that link though
Mitglied seit Dec 22, 2016   18 Posts
May 26, 2017 at 06:13
mlawson71 posted:
What do you mean, deposits found on the Moon? No one's mining the Moon yet.

I don't think you read the article, when I read it I assume that there are 'possibility' that there's more into it when it is mined in the moon.
Mitglied seit Dec 22, 2016   18 Posts
May 26, 2017 at 06:13
MeuLugar posted:
No, till now I use limited number of trading instruments, I mainly use major FX currencies since my trading strategy works on major instruments only! On the other hand, I am working on multiple trading strategies for using volatile trading instruments like Gold and silver! I seem, silver is not for the beginners!

I believe in you dear, it takes a learning stage to take advantage of the silver.
Mitglied seit Feb 12, 2016   427 Posts
May 28, 2017 at 07:34
Trading silver takes time. It’s not for unexperienced traders as it is a specific to trade but volatile at the same time. To be honest I know very few people that trade with Silver and they do it very carefully. Good luck HenritteC!
Accept the loss as experience
Mitglied seit Aug 16, 2011   110 Posts
May 28, 2017 at 08:03
Be careful with silver, there is actually a lot less liquidity than in forex.

What I found was that when trading silver my forex systems worked, however needed to extend the timeframe from hourly to H4 and Daily.

Also don't believe what you see on those forums such as Silver Doctors, it is all hype crap and they have been talking about silver to $250 an oz for years.

Whilst I hold silver bullion, I will not trade spot again as it is too easy to lose your hard-earned profits.

cheers, Cameron
Mitglied seit Dec 11, 2015   1487 Posts
May 28, 2017 at 11:20
TiffanyK posted:
Trading silver takes time. It’s not for unexperienced traders as it is a specific to trade but volatile at the same time. To be honest I know very few people that trade with Silver and they do it very carefully. Good luck HenritteC!

I agree - it's impossible to open short-term positions on Silver and to expect good results. You have to be prepared for the long game.
Mitglied seit Feb 12, 2016   522 Posts
May 30, 2017 at 15:06
mlawson71 posted:
TiffanyK posted:
Trading silver takes time. It’s not for unexperienced traders as it is a specific to trade but volatile at the same time. To be honest I know very few people that trade with Silver and they do it very carefully. Good luck HenritteC!

I agree - it's impossible to open short-term positions on Silver and to expect good results. You have to be prepared for the long game.

In overall there is no instrument on FX, or commodity or stock etc. that is for unexperienced traders :)
Mitglied seit Dec 22, 2016   18 Posts
Jun 02, 2017 at 09:33
TiffanyK posted:
Trading silver takes time. It’s not for unexperienced traders as it is a specific to trade but volatile at the same time. To be honest I know very few people that trade with Silver and they do it very carefully. Good luck HenritteC!

Thank you dear for reminding me about this one, I am still novice when it comes to this one but still learning tho.
Mitglied seit Dec 11, 2015   1487 Posts
Jun 04, 2017 at 11:30
HenritteC posted:
mlawson71 posted:
What do you mean, deposits found on the Moon? No one's mining the Moon yet.

I don't think you read the article, when I read it I assume that there are 'possibility' that there's more into it when it is mined in the moon.

I must've missed that part. Either way, we're still quite a few years away from any large-scale space mining operations.
Mitglied seit Apr 18, 2017   920 Posts
Jun 21, 2017 at 11:51
mlawson71 posted:
Does anyone know what caused that big spike that reached 17.13 earlier today?

I didn’t found any spike at 17.13 level! May be its due to your broker! Spike is really initiating and cause of huge lose!
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