trade on gold
- Thread starter skarthik
- Start date
You should do some home work about the price movement with some TA softwares like Metastock and find good opportunities for entry and exit. Then only you can meke profitHi Karthik,
If you are new to gold trading, you should know about Gold BeES too. You can trade in them all you need a trading account with an NSE Broker
A Demat Account as Gold BeES can be settled only in Demat form.
Try looking into the website: www.benchmarkfunds.com for more info on gold trade
Cheers :thumb:
If you are new to gold trading, you should know about Gold BeES too. You can trade in them all you need a trading account with an NSE Broker
A Demat Account as Gold BeES can be settled only in Demat form.
Try looking into the website: www.benchmarkfunds.com for more info on gold trade
Cheers :thumb:
Hey Skarthik
You might find trading Gold CFD's via a managed account the best way to go. You get a bit of hand holding and reasonable return if you are new to trading.
They will usually use only 50% margin with a grid trading pattern, so reasonably conservative trading pattern.
Adam from New Millenium is a pretty straight up guy, even for an Australian!
cheers mike
You might find trading Gold CFD's via a managed account the best way to go. You get a bit of hand holding and reasonable return if you are new to trading.
They will usually use only 50% margin with a grid trading pattern, so reasonably conservative trading pattern.
Adam from New Millenium is a pretty straight up guy, even for an Australian!
cheers mike
Hi...
As of today's trend, Gold is currently on a sideways movement and its not recommended to trade in gold at this time.
The best would be to trade when Gold at MCX either touches 17110 (which is currently the Resistance Level) because once it goes higher than 17110, it can be said that then it would go higher further.
And if Gold reaches as low as 16650 (which is currently the Support Level) then it is expected to further go down till 16200. So then would be the real time again to trade.
Further, even if you are looking from the point of long term investment. I would suggest you to wait as the Gold might go as low as 15500 to 16000 in coming months, so that is when you can start investing money, either through ETF, or through Gold on MCX / NCDEX, I would suggest Gold through MCX because your earnings maximize when you trade on Margins.
Hope that helps.
Regards
Deep S
As of today's trend, Gold is currently on a sideways movement and its not recommended to trade in gold at this time.
The best would be to trade when Gold at MCX either touches 17110 (which is currently the Resistance Level) because once it goes higher than 17110, it can be said that then it would go higher further.
And if Gold reaches as low as 16650 (which is currently the Support Level) then it is expected to further go down till 16200. So then would be the real time again to trade.
Further, even if you are looking from the point of long term investment. I would suggest you to wait as the Gold might go as low as 15500 to 16000 in coming months, so that is when you can start investing money, either through ETF, or through Gold on MCX / NCDEX, I would suggest Gold through MCX because your earnings maximize when you trade on Margins.
Hope that helps.
Regards
Deep S
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