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Currency trading or gold trading? Which is better?

Discussion in 'Beginners Bootcamp' started by Jack Francisco, May 8, 2012.

  1. Jack Francisco

    Jack Francisco Private

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    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?
     
  2. WaveRider

    WaveRider Sergeant

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    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.
     
  3. Pharaoh

    Pharaoh Colonel

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  4. henyo

    henyo Master Sergeant

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

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