Registered: Jun 2011
07-11-12 10:03 AM
yes, gold is often up many "pips" a day.
Quote from Peter brandley:
Is gold highly profitable to trade or not?
I think gold is a great place to gain profit quickly because it is too high and can reach hundreds of pips per day.
But does it also need large or big capital and how much is the minimum account balance to trade it? If it is expensive than currency pairs then I will just stick to my favorite pair.
Sounds interesting to me.
But you are right, gold is "too high"
I think it should go lower.
Currency pairs are very cheap right now.
But if you have any pips in your account, I would use them to trade gold.
Check out the "Forex Credit Card."
They give you 1% pips back everytime you use it to trade gold.
I bought some gold, but it went down, so I sold it, and bought some currency pairs. I think they will go up.
I'm pretty sure the whole thing can be viewed as "Highly Profitable"
But don't take my word for it. I am just a "higly successeful" speculator.
(or at least, that's the way I view myself.)
Gold you say?
Yes, I think I will check into that. Especially now that currency pairs are selling so cheap.
I've noticiced you can make a lot of money buying things that sell expensive.
Everything I buy sells cheap. I'm about out of pips.
Thanks for the advice.