People trying to make money trading online are being told there is easy money in forex or gold or oil. The most hyped method is forex (or foreign currency) but in reality that is a losing proposition more than a winning one for average traders. Then there is the shiny golden metal that is supposed to be an inflation hedge or doomsday currency of last resort but investors will find (as they always do) that when the turmoil dies... so does the demand for gold. So this too is more pyrite than bullion however because the devotion to gold is more of a world-wide religious zealotry than fundamental truth. Swing trading is another big hype online trading strategy.
What's The Best Way to Make Money Trading
How much risk can you handle? Your skillset and your assets play equal roles in finding your best chances for success. Do you have the right knowledge, assets, and stamina to succeed in gold? Knowing your skills and assets and applying them to the best opportunity in the market is every investor's challenge. Compare your assets to the requirements of some high profile trading strategies.
What Is Needed to Succeed In Forex?
The forex trader has to have the ability to manage funds in a quick moving market, paying close attention to global events and key cross rates and commodities relationships. High pressure is also a fixture of the forex trading account - due to the extreme leverage positions. Positions in forex accounts require continuous attention, whether via an auto forex trading robot or a series of marathon all-nighters.
Are You a Gold Finger?
In the case of a gold trader the skills required to be successful might include a strong knowledge of seasonal supply and demand trends. Sources of supply - such as central governments and or mining companies - bear constant scrutiny for news about supply issues and potential disruptions. Lastly it would require a good understanding of specific macroeconomic factors such as interest rates, inflation, and the core US dollar cross rates (EUR and GBP for example).
What about Swing Trading
The swing trader watches market movements - direction and size - and then makes extremely short term trades with the market pushing it further in the same direction - then exiting at peaks and troughs accordingly. This type of investor focuses on highly liquid securities and worries much less about the macroeconomic and financial fundamentals and instead concentrates on the microeconomic forces moving a single specific security.
What about Binary Options
A less hyped but highly effective way to act using minimal capital is the use of the binary option. These ultra-short term investments have a duration under an hour or under a day and pay 60-75% yields.
More on high yield investing:
Commodities Option Trading on the Cheap -- Small Capital Options Trades
Option Trading References
Binary Option Trading Systems Change with Market Flutuations
Binary Options Trades - Rapid Fire - How Much Is Too Much
Making Money with Binary Options Trading
Binary Options Trading, High Leverage, and Basic Options Trading Tutorials
- Make Money Trading Online with Gold or Is There Another Way