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Wednesday 18 July 2018

A Simple Gold Trading System (1)

The simple things are the ones you have to stick to when trading in the financial markets - this is advice given to investors by not one and two great investors, including the genius Warren Buffett.
In this line of thought, I will now introduce you a simple gold trading strategy that you can use as a second opinion when investing in the noble metal.
In fact, at this moment of uncertainty, more and more investors are looking at gold. Relations between the US and China are strained, and the official start of the "trade war" was also given in the beginning of the month.

What is the strategy?

The strategy is represented by experts from the Daily Wealth and includes long positions in gold if its price is over its 10-month moving average and shortening if the price of gold is below it. It just sounds simple, right? Yes... So we have met the requirement for simplicity.


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