usually monitor the USDX to analyze the EU, GU, UJ, etc., since the OP is not in the USDX but in pair GU, EU or other pair containing usd
Thread: Trends in trading gold?
usually monitor the USDX to analyze the EU, GU, UJ, etc., since the OP is not in the USDX but in pair GU, EU or other pair containing usd
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means that you are referring to, eu,
gu, uj, uchf as components that generate usdx?
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for usdx very high correlation with the pair associated with us
like eu, gu, uj, uchf. usdx because it's just to usd only.
usdx where you can just stay, the pair would participate
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actually many people choose gold for trading. because now a days gold is the best choice for trading. so it is good.
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trading with gold is really very risky. this pair move a lot of pips in a single day. if any one want to trade with gold then there is need a hug capital investment. with higher investment can trade with gold. in gold trading only long trade are profitable.
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short-term correlation is difficult to see, if now I value the power of the weak usd chart usdx
gu and eu is the composition usdx we should see movement gu and eu before analyzing usdx
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I often look at the price comparison GU, EU, UC plasticity more consistent, but sometimes there is no line,, it's about influencing what?,, what is there to do with this USDX?
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you are still using demo account so it's mean you are still beginner so how you are trading in gold and you are new? trading in gold need a lot of money and it's takes high spread so i don't think you are ready for that now
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the best to trade in gold is one .when it is lower than its average normal value .in gold long term traders are successful not scalper
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Gold is a diffcult pair to trade (pair against the US dollar). I think that a lot of itis to do with the QE that we have had recently. But gold is close to the most expensive it has ever been. It is almost as if it is a bubble. But, I do not trade gold, and it is not my favourite thing to trade.
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