[GoldSilver]

Hi,

Its my first post in this forum,

Hope for good response from this forums.

What you all think about Gold Forecasting.

As i now till now that buying gold is good investment than other investment(I am new in this field). Having not lots Idea about Forex Trading

A short article related to Gold Trading

Why Gold trading?

Indeed gold trading has become a buzzword these days with stock market in mayhem and many investors are slowly shifting gears to silver and/or gold spot trading. You may wonder how when the price of these metals is down can fetch you some profit.

But it is this simple math. Isn’t it the right time to buy something when its price is low? It is indeed. Because the gold forecast says that the low metal’s price is only a temporary phenomenon and that it will soon go past 1000 clams for an ounce of it.
And, here, as you contemplate on gold trading you will first need to have an gold trading account opened with any spot trading broker. Its an online transaction account and one can buy and sell units of gold using broker’s account. It is then you should have a reliable gold broker or a gold trading service provider so you can trade online.

But like in any other investors’ market, gold trading market also is filled with low-profile service providers, who can be your rippers. So stay informed before you foray into gold spot trading.

I have a question that what is forex trading?

Is forex trading and gold trading have same features approx?

Looking for your suggestions.

Thanks

[fxtrendline]

forex different from gold trading , especially the spread , did u mean real gold trading or futures gold trading ?

[kinitex]

I would go with forex

[FerruFx]

Originally Posted by kinitex

I would go with forex

It would be interesting to know the reason of this choice.

FerruFx

[GoldSilver]

Originally Posted by fxtrendline

forex different from gold trading , especially the spread , did u mean real gold trading or futures gold trading ?

Thanks for quick response all members,

As i told you that i am not experienced persons in this fields,

But i am much interested so want to know details of Real gold trading and Futures gold trading.

Sound like you have good experience in gold trading ........... can you share some of your experience with us here.

Thanks

[FXHOY]

Gold futures trading is a better choice than let's trading gold on a MT4 Platform where as mentioned the spreads can be very large. Either way just trading gold futures limits your chance of making money as you are only trading one single item/commodity. If you are interested in gold futures you might as well trade dow futures as well, at least this way you are not THAT limited. Remember that the leverage used on equity and gold futures is much smaller than that allowed in forex, so your bankroll must be considerably larger.

I do not trade gold or any other commodity, however I do watch the price action of gold and oil in relation to certain pairs I may be trading in the spot market. Once you see a correlation you are able to profit on those movements without actually trading them.

[fxtrendline]

Originally Posted by GoldSilver

Thanks for quick response all members,

As i told you that i am not experienced persons in this fields,

But i am much interested so want to know details of Real gold trading and Futures gold trading.

Sound like you have good experience in gold trading ........... can you share some of your experience with us here.

Thanks

I'm not trading gold futures anymore, but I like invest in a real gold hope in the future the price rising

[madXtremo]

nothing from that

[GoldSilver]

Hi,

Very glad to see quick response of all members.

Thanks for your quick response and suggestions,

Gold futures trading is a better choice than let's trading gold on a MT4 Platform where as mentioned the spreads can be very large. Either way just trading gold futures limits your chance of making money as you are only trading one single item/commodity. If you are interested in gold futures you might as well trade dow futures as well, at least this way you are not THAT limited. Remember that the leverage used on equity and gold futures is much smaller than that allowed in forex, so your bankroll must be considerably larger.

I do not trade gold or any other commodity, however I do watch the price action of gold and oil in relation to certain pairs I may be trading in the spot market. Once you see a correlation you are able to profit on those movements without actually trading them.

Specially thanks to FXHOY for suggestions in details.

Thanks

[awty]

For what it's worth, you can 'play' with both Forex and Gold with an account at Oanda...
Jeff