Forex Market is an electrifying place
“Gold: 2020 in 2020”- speaking of the science behind RvR Ventures’ unique trading methodology and high trading accuracy, Mr. Kevin Albuquerque at RvR Ventures shared a few of his Golden Trading & Analysing Tips to trade Spot Gold on Forex Markets.
“Be on the constant lookout for anomalies. When you see something odd, investigate and find the reason behind it and check if anything similar happened previously – if yes, check what happened next. Gold has a huge daily range presently. A price movement of 700-900 pips are not rare in few minutes and the average "small" day news event-based movement ranges from 1500 pips to 2000 pips.”
The uncertainty, worldwide economic slowdown due to pandemic, geopolitical tensions, supply, demand, and investor behaviour are currently the key fundamental drivers of gold prices. Gold prices typically rise at times of uncertainty as it is considered as the safe haven by investors across the globe.
He further added, “Gold Respects S/R EXTREMELY well, Gold can be traded accurately and consistently from this aspect. Pivots, manually placed horizontal s/r and trend lines, and Fibs are very well respected.”
Mentioning the importance of analysing ratios, he mentions, “Analyse ratios, of course, not just any ratios – the proportions that have proven to provide important signals for Gold, like the gold stocks to gold ratio or Gold to silver ratio – they both have a history of leading Gold and are essential due to fundamental factors. Gold vs. bonds ratio – both can be seen as safe-haven assets and major bottoms and tops in this ratio take place along with significant tops and bottoms in Gold, so it can be used as a confirmation.” Quite recently, RvR Ventures also launched their Forex Trading Program for the candidates who qualify for the same after passing the entrance test conducted by RvR Ventures. Under this training program, RvR Ventures offers extensive technical, analytical, & fundamentals-based real-time training and trading sessions on Real ECN accounts by implementing more than 5000 trades in 1000 trading hours. Besides, they also offer students the option to experience and learn from the RvR Trading Algorithms' trading strategy & signals implemented by automated trading robots in real-time on live ECN trading terminals. "One should trade very carefully by analyzing technical levels, fundamentals and establishing financial market co-relations in the right direction & balance since the volatility is outrageous and the chance of errors is quite high since past data doesn't guarantee current or future trends," concluded Kevin, Chief Trading Officer at RvR Ventures. Disclaimer: The views, suggestions and opinions expressed here are the sole responsibility of the experts. No Forbes India journalist was involved in the writing and production of this article.