As gold topped a record $1800 on Wednesday, traders that are long gold [GCCV1 1751.50 -32.80 (-1.84%) ] began to get nervous that they were behind a trade that may not have any potential new buyers left. After all, a trade only keeps working if you can find someone else who wants that particularly security or commodity at a higher price.
Category: Foreign Exchange Market
First Investment in the Marijuana Industry
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Gold Weekly Fundamental Analysis for June 27-July 01, 2011
Gold ended last week with heavy losses after the metal failed to sustain the gains versus the strong dollar and amid a heavy selloff on commodities.
This week, the downside pressures on gold might still be evident this week as the metal broke through critical support levels and accordingly the liquidations might still be evident especially amid heavy volatility in the market
Foreign Currency Brokers Come Under Fire
ompanies that allow home investors to trade foreign currencies are coming under fire as regulators consider whether to put more rules on the fast-growing but risky market.
Currency brokers allow ordinary Americans to speculate on the value of dollars, euros and yen, and have grown revenue 374% since 2007, drawing in 615,000 American traders, according to the Aite Group consulting firm.
The most intense recent criticism of these brokers came from a hedge fund manager who researches and invests in companies that cater to home investors.
How to Make Money in Trading
Learn about a strategy used in trading forex where the profits come from tiny shifts in the prices. They are normally very short-term strategies and in less than seconds you will be able to make money.