Now a days Gold trade is going popular. I want to trade Gold. Many brokers do not have this opportunity like instaforex. But i want to how balance i need inicially to start Gold trade? If you know please share.
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Now a days Gold trade is going popular. I want to trade Gold. Many brokers do not have this opportunity like instaforex. But i want to how balance i need inicially to start Gold trade? If you know please share.
In my experience as a part time gold forex trader, we would be needing a large amount of money in order to trade in gold successfully without running out of margin. 700 dollars is a good amount that we can use in gold trading comfortably.
I think if we want to trade in gold, it would be very good for our financial future, for example, we have a lot of money and want to invest in gold then we could use to play a long and well for our use in urgent need, and if we had our 1000USD want to play then we live in the golden pair 0.10 and wait until 1 or 2 years of exposure
For last one month I have been trading in GOLD and silver only the rates of Gold has fallen last month like anything it is 7% decrease so I can not say amount is good if you have purchased Gold 2 months ago what everyour capital is is blown up al ready
For gold trading you need thousands of dollar in your capital in very start. Old involves high risk, high spread and high volatility in market. You should not try it with small account . It will kick you out from market in just one trade .
Trading gold is very good way to make profit in this market, i don't know how much money is the best to invest for trading gold, i think that it depend on each trader, you have much money you invest much and you don't have much money you invest a little.
$ 700 is the amount that you normally take pretty much take profit how? and techniques do you use to use the money $ 700, and so far it is more profitable than gold trade with currency trading?
In my view, trading gold will be particularly good way to make trade in this business, i have no idea how a lot of dollars will be both the best to invest on trade gold, i considered that this depend on every single trader, there is lots money you make investments heavy and also that you don't have a lot of funds someone spend a tiny.
For gold trade the initial amount is 200$ minimum and below than this amount you cant trade gold. you can say 200$ is the last limit that is set by the broker to trade gold in forex trading.
I think the gold trade, you should really know the character of the movement of gold. because gold has a very large range of movement, so you have to understand to be able to trade well in gold. other than that good money management is very important, because gold was a very big risk even though we are using small lots, because it should really manage money very well.