I wish you could update this thread regularly. I know many traders trade using support and demand trading strategy, but rarely use this technique to trade in gold market. I hope I could learn something from your thread. I found it's quite difficult to identify high intensity of the support and demand in gold market since this gold fluctuates quite aggressively and this creates too many peaks and dips that could be considered as support and demand levels.
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i did not have so much money to trade gold now. i think it required very big capital to trade gold. now my trade are limited in eurusd only. i am making small profit every day and once i am sure that i will trade gold. the spread in gold trading is also so big to get quick profit. but when it give profit then it will be very big. trading gold is also very much risky that any other pairs so it must be done with extra care to become profitable.
in trade for the gold, we did have to use the funds so that we can be safe in trade by way of participating in selling and buying in gold,
in this way we must have a lot of considerations that we must be fair in choosing this way
it may not applied every where the concept supply and demand , i can see the need of the time is we should buy gold and hold it as crisis through the globe is so huge.but gold is losing the momentum which it used to have previously.
strategy of using supply and demand is also I use in trading forex, I have not used this technique in trading gold, using supply-demand analysis is very simple,
but produces quite a lot of profit, I love this technique
Last edited by kelvin_funky; 02-11-2013 at 02:30 AM.
Gold commodity is very important in the forex market. If you desire to trade with the gold you must be have good experience and more big amount of capital. If you have 100% confidence on your every bid they try to gold otherwise it is fear to loss .
I've got some notion with regards to currency trading and i believe in the event have got power to spend more money throughout currency trading and then deal throughout silver. Mainly because it is quite challenging or even have got plenty of cash offered. I most certainly will look at having some cash very first then look at deal throughout silver when have got plenty of cash.