No guarantee one trend in forex

Previously, I thought gold price will be very stable and continue to climb up. Even it falls, I thought it will fall a little bit and then climb up again.

Before this I have earned some money buying gold. As a result, I become over confident and buy large quantity of gold.

However, gold price falls down sharply and my account balance is almost wiped out.

Thanks God it is virtual money.

I

Continue with XAU/USD trading

I have been busy recently thus not much updating my blog as well as trading forex.

However, it gives me chance to realize that it is unnecessary to monitor and trade forex every second every minute. It will be very stressful and no guarantee can make profit.

I make a buy stop on gold and it helps me get profits.







posted from Bloggeroid

Long term investment

Previously i can't login to TradeInterceptor after the app update. I thought it is due to my FXCM demo account expired. Later I found out I used wrong username and password to login. Thus I didnt monitor my trade for about a month time.

The last moment I login to FXCM via TradeInterceptor, my account suffer losses more than USD$15k due to sharp drop in gold and silver price. At that moment, I

Terrible drop in Gold and silver price

Silver price continues to drop.
Gold price suddenly drop.

My account balance also drop :-(

Forex is really a risky trading due to its nature of high fluctuations












posted from Bloggeroid

Gold price continue to rise

Seeing the growth if money in the account, I really hope the FXCM account which I am playing now is a live account instead of practice account.

I am earning a lot betting on gold price continues yo rise.

Anyway, I do not play large lot as previous lesson ( real money USD$3000) taught me not be too greedy. I need play safe.





posted from Bloggeroid

Gold and silver price fall slightly

Both gold and silver have jumped to history high price last 2 days and fall down slightly.

When I saw its price is going down and caused me losses(I bought in near the highest price), I open pending buy limit.

And now, the gain I get from the buy limit order managed to cover the loses ftom buy order near highest gold price.







posted from Bloggeroid

Gold rises above $1500 an ounce

Gold price continues to rise as more demand on it as a stable investment.



posted from Bloggeroid

Silver is also a good investment besides gold

Price of silver rose more than double since last year Oct. 100% return in six months time

Silver XAG/USD is an alternative good investment other than gold.





posted from Bloggeroid

Gold price rose to all-time high at $1489.10 an ounce

I read news from Bloomberg Android app reporting that Gold price rose to all-time high at $1489.10 an ounce

Gold is considered as a stable investment as its price seldom drops drastically. It will continue to rise up steadily. Whenever there is debt crisis, earthquake, political warfare,etc gold price rose drastically.





posted from Bloggeroid

Invest in XAU/USD

Hi guys and girls, it is really rewarding believe in gold value.

In the previous post, I mentioned I will set buy limit on gold as I believe eventually it will rise up.

See picture below on my trade results on gold







posted from Bloggeroid

Buy XAU/USD

Well, gold price keeps moving up and I feel safer buying gold rather than selling gold.

Usually if i notice a moving down trend in gold price, i will put a pending order buy limit because I know eventually the gold price will move up.









posted from Bloggeroid