Gold prices and Forex market

Gold pricesGold and exchange rates - these two tools of trade always had a pretty close relationship. Traders can use this factor to predict the trend for the currency pairs and the price of this precious metal.The primary factors that influence this relationship are the dependence of the economy on the price of gold and a place of a particular currency in the global currency market.

Is forex trading gambling?

Many inexperienced forex traders and those who have failed at trading forex are quick to dismiss forex trading as gambling. Lack of knowledge and frustration are the two biggest contributors of this misconception. Forex trading is nothing like gambling, but many fail to understand this.