Many forex traders are unaware that they can trade their commodities and contracts on the platform they use for trading. You can sell oil, gold, silver, stock exchanges, even stocks from many metatrader platforms.
Just click on the Market Watch window where the pairs are displayed and it shows you a list of other deals that can be sold from the MT4 Platform. As a trader, you should be aware that opportunities vary from market to market.
This change of opportunity gives you the opportunity to find time in the market. Market time means that you are watching what is happening in the market. You put yourself in the position to benefit from this. You climb up to get as much profit as you can and get out before it’s too late.
Now, gold is in a male market that has never been done before. Gold prices are the oldest. Gold prices are driven hgh by the abuse and degradation of fiat currencies that have taken place. People are afraid that fiat money will be lost. Other than that, it’s just a piece of paper backed by your confidence that I’m a buyer.
As a result, this is what drives gold prices up and down. Some experts predict that gold prices will increase from $ 1,200 per ounce to $ 2,500 per ounce in the next six months. This is a special privilege. You have to think about trading gold along with forex.
Gold is also called Anti Dollar. Both of them have the wrong problem. When gold prices rise, the Dollar weakens and when the Dollar becomes stronger, gold prices fall. This is the case. You can use this to secure all your positions in the gold market and in the stock market.
You can sell two USDCHF and XAUUSD. XAU is the gold standard. So selling gold against the Dollar is the same as selling any currency against the Dollar.
Now, you can also sell crude oil from the same MT4 platform. There are two types of oil-related currencies such as the Canadian Dollar which are closely related to oil. In any case, in the meantime, oil prices have fallen but as soon as the global economy recovers, oil prices will rise again. Some experts say that oil prices could cost as much as $ 200 a barrel. Anyway, with the reduction of crude oil in the world, the days of low oil are over.
As a trader, you need to know how to trade these three markets, gold, oil and forex. Now, good news, if you have been trading forex, you can start trading gold and oil easily. There are traders who have created Expert Advisors who can sell these markets.
John Campbell lives in Malta and is a full-time gold, oil and forex broker and machine maker who has developed an Expert Advisor Collection that can sell gold, oil, forex and many other contracts that include stock and commodities. You should look at its EA Group.