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  1. #1
    MarcinW is offline Junior Member
    Join Date
    Sep 2011
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    4

    Default 1st money + chart

    I made my 1st real money today finally starting to wach charts etc how to use.
    I still want some help, if someone could tell me on this chart what i will gief u how to trade sucesfully, I would like youre opinion what to do what will happen on this chart if it goes on, what u think that will happen and why, if someone can do this and draw some lines and explain it to me, i really would be happy.

    Heres the chart;

    http://imageshack.us/photo/my-images/194/goldjf.jpg/

  2. #2
    MarcinW is offline Junior Member
    Join Date
    Sep 2011
    Posts
    4

    Default

    Well I think myself that its going to fall down till blue line if i see a green candle i should buy and it would go up till the upper green line and then sell? I dont know why i think so just intelect dunno? explain what u think and drawings please. Im just new from today.

  3. #3
    Forexmuggle is offline Junior Member
    Join Date
    Sep 2011
    Posts
    7

    Default

    It's the chart of gold spot isn't it?
    From the fundamental point of view and if your "investment horizon" is about a year or more I believe that there's a good chance for entering long. But if you want to make short-term profit I'd recommend to use more volatile and more predictable instruments - EURUSD, GBPUSD etc.

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