Thursday, April 7, 2011

Forex Gold Trader Article Source

With the current turbulence in financial markets it has been difficult for many investors to profit. Equity markets have tumbled and many currencies have provided unpredictable movement making it difficult to profit.
For those trading in gold in recent years, time hasn't been so tough. The gold market has made huge gains as demand has soared on the back of the financial crisis. Gold is seen as a safe haven investment in times of trouble and investors have flocked to it. In 2006 the yellow metal made a twenty six year high at $700 dollars per once. Only three years later it has already doubled from this level and looks set to move even higher.
Playing the gold price has however not always been an easy task. Direct investment into the metal can be expensive and execution is often cumbersome. Not only do you have to think about where to store the gold, which incurs additional cost, you also need to insure gold if you take delivery of it yourself. Some new share products have been made available, including many popular Exchange Traded Funds, but these often lack the backing of physical gold.
A new and excellent way to gain exposure to the longer term gold story has become available in the form of an Expert Advisor for the Metatrader trading platform. While this platform is normally the preserve of Forex traders, many brokers will allow you to trade the spot gold price. Forex gold trader is a new Expert Advisor trading strategy which makes use of this facility. This Expert Advisor will automatically trade the gold price on your account by executing its highly successful automated trading strategy.
The strategy trades the bull market in gold and seeks to profit from any upswings within this trend. The results so far have been impressive and can be viewed fully on the Forex Gold Trader website. There are four settings which can be used depending on how aggressively you want to trade making it suitable for the lowest risk investors. An additional bonus is that the strategy has also been extended to the spot Silver price. This now means that you will be able to generate additional profits from the bull market that exists in this metal also.
And of course the real bonus with trading the gold and silver price in this way is that you don't need a lot of capital in order to participate. Most Forex brokers will allow an account to be opened for just a few dollars. This opens up the potential profits to be made from these precious metals to virtually anyone.

Article Source: http://EzineArticles.com/5567241

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