tony de wonderful

It was more than a safe haven 'cos there was a bull run. Peeps were buying to make money.

alloy

it surprises me you are no expert given this is your job, regardless of who you buy and sell gold with you are still trading price, it might be an idea to gain a concrete understanding of the drivers behind such movements and then with that education i'd imagine your margin will become even more favourable!

Very simply yes gold is a safe haven asset, there are a multitude of reasons and drivers to see demand surge due to it having this trait. Typically all commodities rally on dollar weakness as they are dollar denominated. There are however bigger forces at work in the gold trade specifically at the moment, my suggestion for what ever it may be worth is you look into them

stef_2010

iTrader: (3)

See I mostly buy and sell it in physical form , I'm guessing you do it in shares ?

Anything I buy is sold on within 48 hours, I dont hang on to it and wait for the price to fluctuate as I need a return so I can keep trading

Do you make a living out of the stock markets or is it an extra to your full time job ?

Trading shares is always something I've wanted to do, but seems I'd be going into it blind which could lead to me losing alot of money. I have money in the bank to invest in something (the bank suggest a savings account ) I'm just not sure the best way to go about it yet, you all have years off experience over me, I'm only 23

alloy

I trade gold shares, ETFs, and futures. I understand you need a quick turn around, your business model is your business model, but a better understanding of the principles that drive price can enhance that business model exponentially IMO

I trade the markets professionally for a living.

Trading anything has risk as well as opportunity, don't do something you do not fully understand and do not wage position sizes you can not afford to lose is the best advice for anyone starting off . 23 is not too young to start trading i started at 18 and am only a couple of years older than you

GlesgaKiss

You hear that, Stef? It could increase your business model exponentially. That's the lingo of someone who's been studying their maths books if ever I heard one.

Do you slip that one into casual conversation from time to time Andy? When chatting up women - "I could increase your sexual pleasure exponentially". It has no end of uses.

GlesgaKiss

Or lose it faster, in my case

alloy

The filth i pick up struggle with 2 syllable words mate

Leslie

Funny you should say that!

Les

CREWJ

They totally won't pass on the savings to the consumer -.-

stef_2010

iTrader: (3)

Sounds like your doing well then

Think I need to learn alot more as I was considering investing in silver 3-4 weeks ago, that could have been a big woops

More questions if you dont mind.

How do you buy and sell your shares ?

Do you have any links to sites that i can study/read up on ?

I have money thats just sitting in the bank just now looking sorry for itself, anything you can suggest ?

tony de wonderful

Give your money to me mate and I'll look after it!

I'll even give you a Nigerian toll free mobile number on which you can contact me (after you wire me it all).

tony de wonderful

Seriously don't invest just because it seems like something to do just because you don't know what else to do with your money.

Then you become one of the retail saps than pros like Alloy make a living from beating.

alloy

Well 4 weeks ago you "could" have got in at 40 odd and "could" have sold at 50 making 25% on that trade, with a disciplined strategy your stop loss would have got you out of the trade without suffering the 40% drop this week....all in theory of course.

For my job i trade through one of the big banks as they are my prime brokerage and i use brokers when i'm busy. For the stuff i'm interested in that falls outside my funds remit i trade on spread bets for the tax and leverage advantages.

What do you want to read/study on? There is no book telling you how to become a successful trader, most of the literature out there is garbage as if these people and their strategies were half as savy as they claim they are, then they would be trading them and making more from their market pursuits than they would on a book sale. Those who can do, those who can't teach(write a book) springs to mind

I don't give recommendations to joe public sorry, you're going to have to do your own research there

GlesgaKiss

That could be me saying those words...

The Trooper 1815

iTrader: (31)

Can I hate the companies who own them? Billions and billions in profit every 6 months

alloy

Fear is a much stronger emotion than greed on the premis that if you lose your risk capital you are out of the market for a long time where as greed is not as impulsive under the assumption that if you miss this trade you can still get on the next

StickyMicky

They sell SMALLER Creme Eggs for MORE than they used to be, his point still stands.

stef_2010

iTrader: (3)

Do I get a couple of Nigerian lottery tickets thrown in aswell ?

I need to make it grow somehow, I goto car auctions aswell, if I see a car selling for lets say 5K and i know its worth 5.5-6K its silly not to buy it imo

Although it is a gamble as I've bought a few dogs

I mean somewhere to read up the basic of dos and donts, exactly how the process works, comision fees and to learn all this lingo your throwing at me

I wasnt looking for any of your tips, although it would have been nice just some freindly advice as to what a beginner should be doing until he learns the ropes ?