Currency trading or gold trading? Which is better?

[Jack Francisco]

Hello,

Can you explain me which is the better option to start with -gold trading or currency trading.
Actually I am new in this market- can you give me detail answers that which one is the most safe method of trading?

 

[WaveRider]

Gold and silver seem to be better if you're into following news and fundamentals. Currencies seem to be better if you're into chart patterns and technicals. This is because gold is a safe haven for currency and it may go up for several months with very little retracement based on news and fear. Currencies tend to fluctuate in a narrower range and can be "read" a little better by looking at charts. To start, probably stick with currencies. As far as safety goes, they are both pretty risky. As far as methods go, I recommend you read the FPA school here front to back and follow some successful trader's trade journals.

 

[Pharaoh]

Here's the lesson at Forex Military School about Gold and Currency relations:

https://www.forexpeacearmy.com/fore...-part-i-intermarket-analysis-commodities.html

Trading either requires care. You need to not overleverage and use stoplosses. Huge moves don't happen all the time, but they happen often enough that you need to treat either market with care.

 

[henyo]

I'll stick with pairs, i find it hard to study metals/gold you never know what will happen next