Saturday, April 25, 2015

Spot Trading Silver in 2010 Can Make You a Fortune!


Gold and silver are in an unprecedented bull market. Gold prices are hovering around $1,200 per ounce whereas silver prices are around $18 per ounce. It is being predicted that both these precious metals are going to skyrocket in the coming six months to a few years.


The problem with gold is that it is expensive. So, if you want to trade gold, you need a lot of capital. On the other hand silver is cheap as compared to gold. Silver has the potential to skyrocket six times more than gold in the coming six months to a few years.


If you have been trading forex, you should be aware of the fact that many brokers allow you to trade gold and silver from the same forex trading platform. So, those who know how to trade forex can easily trade gold and silver. You see, even among the currency pairs, the opportunity keeps on shifting from one pair to another. It s always a good idea to trade two to three currency pairs plus these two precious metals. I would suggest, this is the best time to spot trade silver. Silver is not only a precious metal but also a metal that has many industrial applications unlike gold.


With the global economy coming out of its recession, silver demand is going to skyrocket in the industry. This will skyrocket it’s price much faster than gold. Last time, when gold prices doubled, silver prices tripled, quadrupled and even a few times increased by a factor of six to one as compared to gold.


Now, both gold and silver markets are positively correlated. Savvy traders are always looking for good market timing opportunities. A good market timing opportunity can develop with the start of a new trend that is expected to last for a long time. Trend trading is what makes traders rich. If you can spot a trend at the right time, you can make a fortune by riding it till the end. This might be the best market timing opportunity for silver!


So how about spot trading silver in 2010 along with forex? The most easy way to trade silver is to find a good trading signals service that gives buy and sell signals for both forex, gold and silver. This way, you can trade these three instruments together. You can find many good trading signals services now online. After doing a thorough research, you can narrow down your choice to one or two and try them





Source by Ahmad A Hassam

Spot Trading Silver in 2010 Can Make You a Fortune!

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