Currencies Gold Traders

Currencies Gold Traders have had good profits lately because of the volatility in markets. Trading as distinct from Investing is now the traditional wisdom of fund management gurus. Which means if you are still adopting buy-hold investment strategies you are on the wrong train - as were most people when the 2008 GFC derailed the entire investment world. To be a successful trader it is important to keep abreast of market moving news. While some pundits say you can trade purely on technicals there are serious flaws relying on technical signals to tell traders what is going on longer term. Having an appreciation of what is the longer term direction of commodities currencies and gold certainly won't steer traders in the wrong long term trading direction. Although some day traders prefer to look just at short term markets the biggest profits are made by taking longer term positions.	However taking a longer term position does not mean buy and hold. It is important to play the cards as they are dealt and to adjust your exposure and position with events that impact on the economy, markets and the specific instruments in which you are invested. Currencies Gold traders should be aware of the impact interest rates have on currencies. Thus even if they are not specifically trading bonds it is still vital to keep an ear to the ground and know what is happening to treasuries and interest rates around the globe. A good approach is to take advantage of the various well respected news providers who specialize in the economy and markets such as Bloomberg, Reuters, Wall Street Journal and the Financial Times. Serious traders will learn how news impacts on their trading and subscribe to some of the Forex News services to get the picture. Doing so you can actually trade news and make money irrespective of which direction the market moves.	Have you ever had a dream where you traveled to the future in 2030 and came back with charts of every currency pair for the past 30 years? You know, knowing the outcome of every market event beforehand and rake in mad pips, making you probably richer than Bill Gates or George Soros in less than a couple of months...