There is no single doubt that this is one area that you must pay a lot of attention to if you really don’t want to end up disappointed in terms of losing much, if not all, of your investment.
Understanding this will definitely go a long way in making sure that you make that extra coin you are looking out for in your every trade. Getting to understand how the commodity markets operate is absolutely great since you will be in a position to understand what to do and when to do it.
But first things first, you must be wondering what intraday and swing trading is all about especially in the event that you are a new in the industry, right? Well, let’s have a look at what these are all about.
The importance of understanding these two aspects of trading cannot be overemphasized. Understand these concepts will undoubtedly go a long way in making your mind or an informed choice when it comes to the type of strategy that you will employ in your trading.
Swing trading is a form of trading in which a trader tries to really capture or get gains in a certain stock within one to around four days. Here, a trader must always be ready to act quickly and very keen to capture the fast movements of things in the market. Technical analysis is highly used in swing trading when looking out for short-term price momentum.
Intraday trading, on the other hand, is the opening as well as the closing a certain position on a particular day of trading. This can be due to two scenarios. That is when shorting and covering what is known as short, in the trade, in order to make maximum use on a certain potential drop in terms of the value. The second scenario is when a trader buys or sells and in order to capitalize on any given potential rise in the value of a security. In the event that you are an intraday trader, you will need to make use of the small moves in the value of any security. This is done by use of either “margin” or “leverage”, which basically refers to borrowing cash.
Having been in this industry for a long time now, I’m fully alive to the fact that fortunes are made in the commodity markets and fortunes can also be lost. That is one of the reasons why I’ve closely followed the market trends and studied the markets, something has helped me devise workable strategies and methods that traders can employ and be successful.
Our technical analysis on GOLD, Crude oil, and Soft commodities gives a real touch or feel of what is happening in the markets hence allowing you a great opportunity of making the right step towards the right direction in terms of trading. We try as much as possible to capture real-time information that we feel is useful to traders.
Through our Technical analysis on GOLD, Crude oil, and Soft commodities, a trader is absolutely able to track any given changes in the prices of gold, crude oil and other soft commodities thanks to our live technical updates from time to time round the clock.
Our technical analysis will unquestionably go a long way in helping you predict the trend of GOLD, Crude oil and Soft commodities rates using the technical indicators. This is definitely great news to any smart trader!