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| Discuss Any1 interested to help me out?? at the Commodities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello everybody, I'm novice to commodities and interested to trade Gold over a timeframe of ... |
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#1
14th April 2007, 10:40 PM
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Any1 interested to help me out??
Hello everybody,
I'm novice to commodities and interested to trade Gold over a timeframe of 3-6 days or max 1 week. I'm totally new to this market. Can anyone please tell me the profit potential of trading Gold (a demo trade) by just giving a recent chart and showing the entry & exit and hence the calculation of the profit realized - it's just for demo (need not be a real trade performed). Actually, I'm totally unknown to the lot size of Gold and its volatility - Please also tell me about the volatility of Gold. Please also tell me how much does one gain/loose when the Gold price moves by 1 point. Thanks in advance, 
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#2
19th April 2007, 10:42 PM
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Re: Any1 interested to help me out??
If you plan to trade commodities - first rule never attach yourself emotionally with any commodity.
Select commodities to trade which can give you profit. 3-6 days criteria also not a good thought process - let stop-loss handle some of the important task to throw you out from your trading position if trade goes in adverse direction, and perhaps same way - you need to have some rule/strategy/game plan to square your position [after profit] when sign comes that direction is changing to adverse side.
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#3
15th May 2007, 11:33 PM
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Re: Any1 interested to help me out??
There are 2 contracts in GOLD ie. GOLD(1KG)=> P/L=100/- per rupee movement & GOLDM(Gold Mini of 100gms) P/L is Rs.10 per rupee movement.
For rest of your queries i am sorry to give you a definate answer
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