Scenario optimization
A lot of attention has been given to the Day Trading Robot lately. Everyone from die hard stock market gurus, to the inexperienced newbie have been singing it's praises. While it definitely seems to have some potential, is it really worth all of the hype? What are the pros and cons of the Day Trading Robot?
Over the years my trading strategy changed, as will yours. The more time you spend trading, the better you will become the more you will find yourself trading more of one type of investment that consistently makes you money. When I started trading back in the late 90's I focused on stocks, but as time went on, my strategy evolved and now my http://trading.goldgrey.org/gold-trading/ main focus is on trading indexes and gold with a hybrid intra-day and swing trading strategy that I created. My focus is on ETF's, because you can select different levels of risk/reward with the 1,2 or 3x leveraged funds. While ETF's are fantastic to trade, they do have some limitations. Because the indexes and gold trade 24/7, you are limited to only regular market hours, 9:30am - 4pm ET. That leads me to the topic of Futures and CFD trading.
200 to 1 leverage can make you rich in minutes, but it could also bust your account. One top gold trading platform, avafx, has this God forsaken noise, like a horse naying through a distorted mega phone, to congratulate you on losing all the money in your account!
The key advantage to trade gold online is that you can potentially make high monetary gain using a relatively low capital. You can also trade any time of the day and you have high liquidity since you can exit the market whenever you want by selling your holdings quickly. The advantage of trading ETF is you can trade for or trade against gold. . So it is not surprising to see it is fast gaining popularity.
This is the only way you can say that your broker is true match to your requirement. Try their services and provide them feedback on how they can better serve you.
In case you are able to follow these few tips you are ready to engage in gold trading and earn very good profits. If you have money to throw in, choose the traditional trading. If you don't have money and have the knowhow, choose online trading.