Why should you not trade with oil and gold?

[coreyholmes]

Many traders in the market have tried to trade Forex with oil and gold. But it was not a successful trade for them. Most of the traders who tried to trade the market based on oil and fold, they always lose. It is not something that oil and gold are cursed in Forex. They are very good sources of money making but when it comes to exchanging oil and gold to make a profit, things go wrong and traders lose their money.

We know that not all traders can believe all that we are saying is true. It is very hard to trust anybody in financial line and we respect that. Before you begin to trade with oil and gold, you should read this article, maybe it will change your mind and you will know why trading with these can be risky for your money. The expert traders in the United Kingdom often consider gold and oil trading as one of the most complex tasks in the financial industry. So being new to this market if you jump into gold trading then you will have to deal with some big losses.

Based on Supply and demand

You should know that these prices are not regulated by governments like the other currency pairs in Forex. They are very much different and more regulated by their supply and demand. For example, when the price of crude oil goes up, people begin to buy electric vehicles. When it comes down, they begin to ride on their old oil driven vehicles. It is very hard to predict what the supply and demand for oil and gold is and this is one of the things that makes the traders lose their money in trading.

Oil and gold price is very volatile

It is also very volatile. Volatility is very much common in Forex but when you are trading with your oil and gold, you will find it harder by many times. There is no way to get out of this volatility and if you do not know, you can easily have lost your profit that you have made in Forex. Professional traders also like to not trade with a commodity like oil and gold. Most of the time, they are telling the other traders what to do in the market but they do not say that traders should trade with oil and fold. Although it is volatile and giving you more chances to make money quickly, it does not fall under any strategy on how to make money with commodity trading. This market is risky and traders like to trade with the common currency pairs in Forex. You should not trade with oil and gold if you do not want to lose money. However, if you gain enough experience then you can execute a trade with a small lot in your Forex trading account UK. But keep in mind that gold and oil trading is only for the experienced professionals.

Political factors

The price of gold and oil is heavily affected by the political news releases. For instance, if there is a massive missile attack in Saudi Arabia than the oil market will face an extreme level of uncertainty. Since Saudi Arabia is one of the largest oil producing countries in the world the price of oil greatly depends on its economy. Even speeches from the leading OPEC leaders can also affect the oil market. Similarly, the price of gold is also very sensitive to political events. Even a slight change in the U.S interest rate decision can greatly influence the gold market price. To be precise, it’s nearly impossible to predict the price movement even for the intermediate traders. So it’s better to say in the sideline and trade only the major currency pair for the first few years. Once you gain enough experience and develop strong sets of skills try demo trading the gold and oil.

[kakashi]

because it's all also have their own taste, there are lucky in gold trading there also have advantages in forex trading, it all depends on someone who has the convenience of each, and indeed I think it is more suitable if we try forex trading, we can use FXB broker Trading to make it easy
 

[Cecil Marshall]

It is all about your knowledge, skills and experience. If you are comfortable with oil and gold you can trade it. One didn't get success in oil and gold doesn't mean you will also not get. Every traders trading psychology and mind set is different from others. We can not compare. Currently I'm trading with FXPM broker. It is a leading forex broker. It's trading platform is awesome. There's no requote or delay in trade execution. It's withdrawal process is also instant.

[fahdforex]

because it's all also have their own taste, there are lucky in gold trading there also have advantages in forex trading, it all depends on someone who has the convenience of each, and indeed I think it is more suitable if we try forex trading, we can use FXB broker Trading to make it easy.

[Willem Hesselink]

It is about your insight, aptitudes and experience. In the event that you are OK with oil and gold you can exchange it. One didn't get achievement in oil and gold doesn't mean you will likewise not get. Each trader trading brain research and mentality is unique in relation to others. We can not come close. As of now I'm trading with Forex4you broker. It is a main forex broker. It's trading stage is great. There's no requote or postponement in exchange execution. It's withdrawal procedure is likewise moment. 
Since it's all additionally have their own taste, there are fortunate in gold trading there likewise have favorable circumstances in forex trading, everything relies upon somebody who has the accommodation of each.

[kakashi]

I started using the website of FXB Trading some months ago and have had no difficulties with the platforms that it offers. In comparison with some other trading websites, there is no laxity here. It has an easy navigation system and various helpful trading platforms