Best Ways to Trade Gold

Apr 30, 2023 at 09:54
587 การดู
4 Replies
เป็นสมาชิกตั้งแต่ Jan 18, 2019   12 โพสต์
Apr 30, 2023 at 09:54
Keep in mind that gold is a very volatile asset – its value fluctuates a lot and on a daily basis it can go up or down with between 1,000 and 10,000 pips. It is evident, that such drastic movements can cost you a lot of money, if you do not trade using binary options. On the other hand, gold is the perfect asset for a trader who prefers touch/no touch options. As long as you get the movement’s direction right, your bet will be a winner. Of course, you must combine the accurate prediction with the right strike price and expiry time. Getting all this right will guarantee your success.

One of the almost certain factors that predict an increase in gold’s price is uncertainty. In times of economic crisis, gold is considered to be a safe haven asset, so investors often invest their money in gold. This usually increases the price of gold, so in this scenario traders must place their money on touch options. For example, during the Eurozone crisis in 2011-12, the price of gold skyrocketed, because of the high interest in this asset.

Gold is one of the most volatile commodities too. So, you must think carefully before starting to trade with gold binary options. Don’t forget that the high volatility has its pros, but it has its cons as well. The drastic daily changes in the value of gold often bring a lot of money to investors, but they can also cost you a lot of money if you are not careful with your predictions. Overall, trading gold binary options is recommended only if you are familiar with the latest economic news and if you have already built a tested and reliable trading strategy for gold binaries.
https://t.me/bdsilentkiller
เป็นสมาชิกตั้งแต่ May 01, 2023   2 โพสต์
May 01, 2023 at 10:12
thank you for shareing those info with us i go agree that looks the best way to trade gold
เป็นสมาชิกตั้งแต่ Aug 19, 2021   245 โพสต์
May 02, 2023 at 12:40
Oh I like trading gold. But only in the short term. But I must always keep an eye on the movement of gold. If suddenly a sharp fluctuation begins, then have time to close the deal.
เป็นสมาชิกตั้งแต่ Jul 14, 2018   10 โพสต์
May 02, 2023 at 14:50
I like gold for the long term. I buy in dips. I see gold as always being more likely to rise than fall. In uncertain times people buy gold. In good times, inflation is high and people buy gold
เป็นสมาชิกตั้งแต่ Oct 18, 2021   93 โพสต์
May 03, 2023 at 13:07
That's what it means, different traders trade differently. Some are afraid to stand on gold in the long term, while others do not even consider the short term.
As for me i don't trade gold at all.
You must be connected to Myfxbook in order to leave a comment
*การใช้งานเชิงพาณิชย์และสแปมจะไม่ได้รับการยอมรับ และอาจส่งผลให้บัญชีถูกยกเลิก
เคล็ดลับ: การโพสต์รูปภาพ/youtube url จะฝังลงในโพสต์ของคุณโดยอัตโนมัติ!
เคล็ดลับ: พิมพ์เครื่องหมาย @ เพื่อป้อนชื่อผู้ใช้ที่เข้าร่วมการสนทนานี้โดยอัตโนมัติ