Becoming A Trader

 

Illumination

Illumination

Guest Post with a special note from YouWanttoBeRich.

It might surprise you to know that you don’t have to study for years to come involving in trading.

You don’t even have to make risky decisions on a trading floor. if you want to become involved in financial trading, then there are other options.

One of these options is trading in gold. Even for those who have little or no previous experience in financial trading, this can be a great way to make money via investments. The principle of investing in gold is much more straightforward than those surrounding some other types of trading. Simply, investors aim to sell the gold which they have bought for a higher value than that which they bought it. This is a concept which anyone who had been involved in any type of business will undoubtedly be familiar with, and one that even those without such experiences will have little trouble getting to grips with.

Buying and selling gold can also be done online, from your comfort of your own home. In this way, it is often the perfect option for those who may already have other commitments, but want to try trading in their spare time. Sites such as Bullion Vault simply require users to complete a registration in order to begin trading buying and selling gold via the internet. This allows users to set their own prices, whilst having direct access to essential information which can help make it easier to decide when to trade. Then can then choose to buy or sell at any time of day or night, right throughout the year.

Another reason why investing in gold has become such a popular option is that the value of gold is far more stable than that of many other commodities. Unlike the prices of stocks and shares which can fluctuate greatly, the value of gold tend to change at a much slower rate. For many, this can make trading gold a far less daunting option when it comes to investing.

Note:  Gold has intrigued me for sometime.  It does not appear to have any intrinsic value, or use, except the value which the passage of time and the romance of the Gold Rush has lent it.  But, if finance experts are to be believed, it is the most stable of all the precious metals and is the investment of choice, or “the ultimate insurance policy”, in these uncertain times.  After all, it is the metal hidden in the innermost recesses of central banks, protected, valued, hidden.  And as long as there is debt, as long as the banks are printing money, the price of gold (which secures all that debt and paper money) will continue to rise.  But as in all things, trading in gold requires learning.  Educate yourself.  Because definitely, there is something here.

Photo by Issa. Copyright 2009-2011.
Website: www.YouWantToBeRich.com
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5 comments

  1. Anonymous says:

    Gold in my opinion is worthless . You can only look at it, and you have pay to keep it safe in vaults , it does not contribute in any meaningful way to society. Stocks are a better option as it is highly liquid, pays dividend, capital appreciation potential and helps society by providing jobs.

  2. Anonymous says:

    In the spirit of diversification, I think people should also consider investing in gold. I have friends who have bought their gold bars, with certification and all, and I think it gives a kind of a different feeling holding one hundred percent pure gold in your hands. But more than the feeling, it may be a sound investment decision too. Banking started with the safekeeping of gold, and these days, there is definitely a general sentiment of people of wanting to return to the real thing, gold, which after all, is what all the paper money symbolizes.

  3. Anonymous says:

    In the spirit of diversification, I think people should also consider investing in gold. I have friends who have bought their gold bars, with certification and all, and I think it gives a kind of a different feeling holding one hundred percent pure gold in your hands. But more than the feeling, it may be a sound investment decision too. Banking started with the safekeeping of gold, and these days, there is definitely a general sentiment of people of wanting to return to the real thing, gold, which after all, is what all the paper money symbolizes.

  4. Anonymous says:

    the metal doesn’t have much industrial value and it doesn’t generate earnings or dividends. The main reason to invest in gold is to consider that other investors will seek refuge in the commodity to protect themselves from the declining value of other assets, especially paper money.

    I agree that cash is a losing proposition, but am not convinced about the adequacy of gold as a protective investment in the long term.

    “What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As “bandwagon” investors join any party, they create their own truth — for a while.( A quote from a famous sage, arguably the best ever in investing)

  5. Anonymous says:

    I like that statement, “as bandwagon investors join any party, they create their own truth”. I am not that convinced too, and I will be too nervous having a gold bar in the house, or in the bank. You are right, too, that it does not give any dividends. But the continuous and steady increase in price gives one pause.

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