Friday, April 6, 2012

A collection of EA can trade Forex, oil, gold and a host of other contracts


Many forex trader know just not this fact that they can other instruments and contracts of their platform metatrader used to trade forex trading. You can trade oil, gold, silver, stock indices, and even stocks of most of these platforms metatrader.
Just right click on the window market watch where the currency pairs are displayed and it will show you the list of other conventions which the MT4 Platform can be traded. As a trader, you should know that that chance keeps on shifting from one market to another.
This shift in the opportunity gives you the chance for timining market. Market timing means that you spot a trend in the market to develop. You place yourself for taking advantage of that trend. You are driving the trend to profit as much as possible and get out before it leaves become.
Now, gold is in an unprecedented bull market. Gold prices are at their historical high. Hgh are gold prices driven by the abuse and humiliation of the fiat currency that is going on there. People are afraid that fiat currency is losing value. After all, it's just a piece of paper only supported with your own confidence in purchasing power.
So, those are the factors that are driving gold prices higher and higher. Some expert predict gold prices doubling $ 1,200 per ounce to around 2,500 dollars per ounce in the next six months. This is a historic opportunity. You must think gold along with forex trading.
Gold is also known as Anti-Dollar. Both have a strong negative correlation. When gold prices go high, Dollar is weak and when Dollar gets strong, gold prices crash. This is the way that it is. You can cover this fact both your positions in the gold market, as well as the currency market.
You can trade along with USDCHF pair XAUUSD. XAU is the symbol of gold. So essentially trade gold against Dollar is similar to the trade in another currency against the Dollar.
Now, you can also trade the same crude oil from th MT4 platform. There are currency pairs that have strong correlations with oil, such as the Canadian Dollar which has a strong correlation with oil. Whatever, now, oil prices have fallen, but once the world economy from the downturn comes, oil prices go climbing again. Some experts say that oil prices could reach as high as $ 200 per barrel. Whatever, with the dwindling supplies of crude oil under the Earth, the days of cheap oil are over.
As a trader, you would need to manage these three markets, gold, oil and forex trading. Now, good news, if you are forex trade, you can easily begin trade gold and oil. There are traders who expert advisors who can trade these markets have developed.
John Campbell lives in Malta and is a full-time professional gold, oil and forex trader plus a system developer, who is an Expert Advisor-collection can trade forex, gold, oil and a host of other contracts that stock indices as well as raw materials includes has developed. You should take a look at his EA collection.

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