New comer has less amount in balance...
They can not match with the market properly. But Gold moves first..
In a hour sometimes i move more then 400-500 pips.
:doubt:
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New comer has less amount in balance...
They can not match with the market properly. But Gold moves first..
In a hour sometimes i move more then 400-500 pips.
:doubt:
Hi,trade in gold are very high risk if we have small equity no matter we are beginer or old timer,because the spread are high 100pips if im not mistake,so every movement for 1pips are too large,it is safe if we have large amount account
Gold is not dangerous for new traders but also for expert traders too.if you have not sufficient knowledge about gold & if you are not an experienced you should not trade with gold.because gold move very fast.
new traders usually always think that it is very easy to be making a profit from forex and they only count the possibilities for profit without ever counting the possibility of a loss. They always think forex = profit.
All of you said very true pals, gold isn't recommended for newbies because gold is the most volatile trading instruments. If we made wrong order then it could be easy to clean up our account with the short of time. Newbies should learn trading with currencies at began.
If you don't have sufficient knowledge about it than sufficient balance won't work for you.It is a matter of time that you will loose it.