How to make money on gold and how much can you get profit by trading in precious metal

Gold is traditionally considered one of the best option for long -term investments, every year the price of precious metal is only growing.

But if you want to not only protect your capital from inflation, but also earn in gold, then the “ buy and hold ” strategy will not work here.

You need to trade in precious metal using the entire potential of price movement, only in this case it will be possible to earn a lot.

Typically, the price moves in a price corridor, where growth periods are replaced by periods of fall, so the total price movement is much larger than the distance between the minimum and the maximum .

If you analyze the distance between the Buy and Sell marks on the graph, you will see that it is much smaller than the sum of the distance in all segments that characterize the rising trend.

If desired, you can also open short transactions, then the profit will increase even more, but in gold I basically try to trade only for the purchase.

That is, the essence of the strategists of earning on a pair of Zauusd are quite simple:

• For several days (or better weeks) we observe the price of gold - we analyze the patterns of its movement
• We open a purchase transaction after the next correction of the rising trend
• We close the deal after slowing down the price of the price or the beginning of a new correction
• We are waiting for the completion of the correction and again open the purchase deal

So earning is much more profitable than buying and waiting for several years of the best price for sale. It is clear that you can implement a strategy only through a trading platform .

How much can you earn on gold

The amount of earnings on gold depends on the mass of factors - whether you will use the credit shoulder , how often you will open transactions at what speed the price moves.

In my trade, I try not to use a large credit shoulder, usually limited to 1: 5, this size allows you to feel more confident in the market.

On average, one bought ounce brings $ 40-50, that is, a transaction for 10 ounces of $ 400-500. Typically, such transactions can be opened 4-5 per month, as a result, the amount of earnings is about $ 2,000, with a deposit of $ 8,000 per month.

For me, such an amount is quite enough, since I still have a profit from trading in other assets, but if you wish, you are multiplying to increase the amount of earnings by increasing the credit shoulder or the size of a trade deposit.

Trade is on the Roboforex broker account