Sunday, September 15, 2013

PRECIOUS-Gold falls 3 pct after sudden early drop saps momentum

As a Foreign exchange financier, you need to remember one simple and undeniable truth: Nobody is bigger than the market. The Forex Market exchanges over $2 trillion on a daily basis. If you think your measly account matters in the marvelous scheme of the total marketplace, you'll discover quickly simply how irrelevant and expendable you are.

* Selling quickens as prices break below key moving averages * U.S. gold futures briefly paused to prevent large movement * U.S. jobless claims down last week but implication clouded * Coming up: US retail sales, Producer Price index Friday (Adds trader comment, updates market activity) By Frank Tang and Jan Harvey NEW YORK/LONDON, Sept 12 (Reuters) - Gold dropped 3 percent o...PRECIOUS-Gold falls 3 pct after sudden early drop saps momentum

A great Currency trading tip is to stay with your plan once you have a strategy in place. It's not uncommon to be attracted by brand-new and incredible trading methods. If you were to ignore your plan and chase after every brand-new method under the sun, you'll wind up making poor choices.

Additional resource on moving averages

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