buying and keeping gold
- Thread starter Lee.me
- Start date
ArnavDeshmukh
Well-known member
I think it will increase and advise buying gold.
Polakandil
Well-known member
Gold in trading margin is highly volatile, a daily average could be more than thousands of pips, volatility of gold bring another risk in forex trading, but it's not mean holding gold for the long term will provide profit if your margin level is not enough to withstand the downtrend market could account margin call. Unless buy physical gold for the long term, I think this is safer for the long term. Trading gold on forex need more experience to catch a profit, you can try to demo ECN FXOpen to learn in practice
How did you conclude that? why do you think it will increase?
Imogen Beaumont
Active member
I agree with keeping gold.
Any idea when we should sell, or how long we should keep?
just wait for Fed Interest Rate Decision (Wednesday, July 26, 2023 11:00 UTM-7）
Oh, ok, thanks!
ArnavDeshmukh
Well-known member
I currently recommend that you sell it.
Would you explain your reason and analysis?
OscarR
Well-known member
always say, diversification is the key! Gold has historically been a solid hedge against inflation. While I can't predict the future, it's shiny for a reason! Remember, always do your research and maybe don't put all your golden eggs in one basket!
Imogen Beaumont
Active member
Gold has been valued for a long time. Many see it as a safe bet, especially when the world feels uncertain. If you think about trading or keeping gold, it might be a smart move. Just remember, its price can go up and down in the short term. And if you're unsure, maybe chat with someone who knows about investing before making a decision.
VasilTodorov
Well-known member
that is a common question that lots of people ask
in long term easy answer is yes it will
a more complete answer is however you need to be aware of news since sometimes the price reaches great prices and you should sell
in long term easy answer is yes it will
a more complete answer is however you need to be aware of news since sometimes the price reaches great prices and you should sell
OscarR
Well-known member
Given gold's historic value and its reputation as a safe haven in uncertain times, how do you balance the appeal of gold as a long-term investment with the volatility of its short-term price fluctuations?
Fin_Trader
Well-known member
Buying gold has always been relevant. If you look at the price movement chart on higher timeframes for this instrument, you will see constant growth and updating of highs. Therefore, such investments will bring profit in the long run.
Buying and keeping gold short-term can be a smart move as a hedge against market volatility or economic uncertainty. However, it's important to consider factors like timing, price levels, and potential returns. Currently it's a bit high and in view it should go down a little bit, to a more attractive levels. Keep an eye on global events and market trends to make informed decisions about when to buy and sell for optimal profit.
Similar threads
