I had a broker last semester that had an option to trade gold. The market for gold moves quite fast and I lost a good amount of what I earned from forex . How do I aware myself on how to trade gold? I don't really understand what makes gold prices move up and down, and I'd like to learn this and how to trade/invest in the gold market. Do you guys have any brokers to recommend? I trade forex as well so it'd be convineint if they had a gold options trading.
Lost money? You should have held on to it for the long haul IMO. Best investment option I think. If the broker recommended selling for anything less than $2000 he's crazy.
A simple tip : If you see that the price of gold has increased a bit sell them don't wait for a long time. Before choosing any broker you should first have some basic info about this subject. Try researching it a bit and then start investing. Knowledge is very much essential before you start.
I agree to you astrawalker. Once the price of gold has the tendency to increase, you need to grab that opportunity to trade gold. You also need to have the proper knowledge and info about the business you're doing. Gold is a very smart investment but you still need to be wise.
If you are going to invest in gold I would recommend buying physical not paper like an ETF. Gold is supposed to be a hedge against the stock market and inflation so to me it makes no sense to buy paper gold on the stock exchange. Also research MF global a perfect example to buy physical
Great tips provide about trade in gold online for beginners.i am also gold and silver trader and my company goldandsilveronline.com provide online rare gold and silver at afforadable price.