Many Forex traders simply not know this fact, that they can trade, other instruments and contracts with their MetaTrader platform that they use to Forex trading. You can trade oil, gold, silver, stock indices, and even shares most of these MetaTrader platforms.
You right where the currency pairs are displayed click on the market watch window, and it will show you the list of the other treaties, which can be traded from the MT4 platform. As a trader, you should know that this opportunity to from one market to another move holds.
This shift in the opportunity offers you the possibility for market how. Market timing means that you have a trend of development in the market on the ground. You position yourself for the benefit of this trend. Driving to get the trend, you will benefit as much as possible and out before it is too late.
Gold is now in an unprecedented bull market. Gold prices are their historical high. Gold prices are driven hgh by the abuse and humiliation of the Fiat currency, which already. People are afraid that Fiat will lose currency value. Finally it is secured only with your own confidence in its purchasing power only one piece of paper.
So, are the factors which higher and higher gold prices. Some experts are predicting gold prices double from $1200 per ounce to around $2,500 per ounce in the next six months. This is a historic opportunity. You should think about gold along with Forex trading.
Gold is also known as anti-dollars. Both have a strong negative correlation. If the price of gold go up, dollar will crash weak and get dollar strong, gold prices. This is the way how, that is it. You can both your positions in the gold market as well as the foreign exchange market to hedge this fact.
You can trade a USDCHF few together with XAUUSD. XAU is the symbol of gold. So in major gold trade against dollar, dollar is similar to all other trading currency.
Now you can trade even crude oil from th of same MT4 platform. There are currency pairs with strong correlations with oil like the Canadian dollar, which has a strong correlation with oil. Whatever, right now, oil prices fall which but, as soon as the world economy out of recession, oil prices will rise again. Some experts say that the price of oil can reach as high as $200 a barrel. What, gone with the dwindling supplies of crude oil under the ground, the days of cheap oil.
As a trader, you should master these three markets, gold, oil and Forex trading. Well, good news, if you have traded Forex, easily you begin trading with gold and oil. There are dealers that expert advisors have developed that these markets can be.
John Campbell lives in Malta, and is a professional full time-gold, oil and Forex trader and a system developer who expert collection has developed one Advisor, which can trade gold, oil, Forex and a variety of other contracts, equity indices, as well as contains raw materials. You should take a look at his collection of EA.
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