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Old is gold. Throughtout human history, gold is considered to be a precious thing. Queens and kings would hoard this gold and silver coins. Countries would measure their wealth when it comes to of the gold bullions they acquired. In the 19th century, world was on the gold standard. It is abandoned in the 20th century. But we may be again heading towards an unoffical gold standard now as US Dollar status with regard to international reserve currency enters threat. Gold prices are rising as not witnessed before. At this moment these costs are steady around $1,000 per ounce. Specialists are predicting that can be might go up to $2,000 per ounce.

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So use forex fundamental analysis to head off being caught a good open trade at critical moments. If you are using an forex robot software system, the choice is yours to close trades well ahead associated with major announcement or relieve forex scoops.

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Brokers will probably be strong competition with each other to attract traders to successfully are offering more and more features. They'll offer merely demo account where should practice trading, sharpen your talent and test or even develop individual system before starting using a real income. They will also provide charts that are needed to identify trends, and provide you access to breaking forex news, free.

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So use forex fundamental analysis to avoid being caught through having an open trade at critical moments. If you are using an automated forex trading system, you are able to to close trades well ahead of just a major announcement or turmoil forex word.

This just has 2 possible outcomes: pros and cons. You have to be able to begin a chart and be able to interpret it's. Talk with seasoned investors or specialists.

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