Trading Gold

[4xLover]

I know alot of traders trade gold depending on what stage another market, such as forex, is in. How exactly does trading gold work? When are the times you want to be long or short gold in relation to where the forex market is?

What is the basic benefit of trading gold?

Thanks in advance for your input.

[Pglizzy]

Gold and the metal commodities have been on a tear since last year. A great way to trade with gold and the other commodities are by buying/selling "commodity currencies" such as USDCAD, AUDUSD, and NZDUSD

[Michael311]

I don't think there is any specific benefit of trading gold. It's like any other instrument.

[geline]

As time goes along, many new terms are being created and 'gold' , 'metal' are examples of these but actually, they only mean the same things as m-o-n-e-y

[Michael311]

Agree, geline.

[geline]

Ha ha ha

Thanks for that, Michael , we're really friends

[Michael311]

Lol, of course. But anyway, I wouldn't recommend touching gold, if you are new. You have to have plenty of capital. The lots are expensive and the spread is very large.

[alphapip]

People trade gold for the same reason they trade any other market…to make money It’s still considered the security against paper currencies and against weak economies.