Gold Trading Tips
The market in gold tends to hold a lot of opportunity for savvy investors. While it’s not for the weak in heart, it can be extremely lucrative for investors who take time to learn and understand what drives the prices up or down and when is the best time to buy and sell. Here are some tips for trading gold from seasoned professionals.
The Volatile Side of Gold
As rewarding as trading gold can be, the market can experience huge upswings followed by quick downturns. The daily range reflects how wild the market can go. The average on certain days can be as low as 160 pips but the ranges on other days can easily be between 300 and 500. Taking into account those wide spreads, gold can dive down or swing up around 80 to 100 pips in a matter of minutes. You can be watching …