An EA Collection That Can Trade Oil, Gold, Forex and a Host of Other Contracts

Many forex traders simply do not know this fact that they can sell instruments and other contracts from their metatrader platform that they use to trade forex. You can trade oil, gold, silver, stock indices, and even stocks from most of these metatrader platforms.

Just click on the Market Watch window where the currency pair is displayed and it will show you a list of other contracts that can be traded from the MT4 Platform. As a trader, you need to know this as opportunities continue to shift from one market to another.

Transitioning this opportunity gives you the opportunity for market mapping. Market time means that you see trends emerging in the market. You position yourself to take advantage of that trend. You ride the trend to get as much profit as possible and get out before it's too late.

Now, gold is in the bull market like never before. Gold prices are at their highest. Gold prices are being driven by the misuse and rising fiat currency. People fear that fiat currencies will lose value. After all, it's just a piece of paper supported by your own conviction of the purchasing power.

So, this is the factor that drives gold prices higher and higher. Some experts predict gold prices to double from $ 1,200 an ounce to about $ 2,500 an ounce over the next six months. This is a historic opportunity. You need to think about trading forex with gold.

Gold is also known as Anti-Dollar. Both have strong negative correlations. As gold prices rose, the Dollar weakened and as the Dollar strengthened, gold prices fell. This is the way. You can use this fact to hedge your position in the gold and currency markets.

You can exchange USDCHF pairs with XAUUSD. XAU is a gold symbol. So basically the gold trade against the Dollar is the same as the other currency trade against the Dollar.

Now, you can also trade crude oil from the same MT4 platform. There are currency pairs that have a strong correlation with oil, such as the Canadian Dollar, which have a strong correlation with oil. At any rate, now oil prices are down but as the global economy comes out of recession, oil prices will rise again. Some experts say oil prices can reach as high as $ 200 a barrel. Regardless, with the supply of crude oil declining underground, the days of cheap oil have ended.

As a trader, you have to master the trading of three markets, gold, oil and forex. Now, the good news is, if you've been trading forex, you can easily start trading gold and oil. There are traders who have developed Expert Advisors who can sell this market.

John Campbell lives in Malta and is a full-time professional gold, oil and forex trader and system developer who has developed Advisory Group that can trade gold, oil, forex and various other contracts including stock and commodity indices. You should check out his EA Collection.

An EA Collection That Can Trade Oil, Gold, Forex and a Host of Other Contracts


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