Trading Spot Gold – Everything You Need to Know
Royalty, wealth creation and abundance are all visuals strongly associated with the most impressive precious metal of them all, Spot Gold. As a result, trading Gold has a very high appeal among those looking to accumulate wealth and achieve their financial goals.
People have fought wars over Gold and speculation in the price of Gold in 2017 has never been stronger. With the most powerful countries in the world threatening to bomb other countries, the accumulation of physical Gold is continuing to rise as a safe haven play.
Many people often ask. What is the number one way to benefit from the rise and fall of the price of Gold? Today we’ll take a look at how trading Gold CFDs is considered the most effective way to trade Gold in 2017 and beyond.
Best way to trade Gold CFDs
Short term traders benefit most during fast moving markets. Gold has historically moved more than $25 per day (more than 2%), which represents a lot of opportunity for traders.
One thing you will notice about Gold is it performs very well around key technical levels.
What you need to look out for is the break of key support levels as this is when Gold seems to have the highest average daily movements (as noted in the ATR indicator).