Quote from: hyudien on Today at 10:41:32 AM

Quote from: fruktik on Today at 09:22:22 AM

Is gold more stable? Don't talk nonsense. It can fall in price just as much as other speculative instruments. What's especially dangerous is that it has incredibly strong volatility. Large amplitude fluctuations during the day. It takes out stop orders in no time.

I remember the moment when I was trading gold. So, it fell in price for almost 6 months in a row. This wiped out my entire deposit, which was more than 1k dollars. This really shook me. I didn't think that such a thing could happen.

Although gold is included in the low risk category in terms of investment and is considered a safe haven asset, in gold trading it can cause losses. The volatility of gold prices can cause major losses if not managed properly, just like what you experienced, therefore this is where risk management is important, I usually use stop loss and set position size so that even if my trading activity does not match my expectations, I do not experience too much loss and I always apply this in trading, besides that as far as I remember, in 2011-2015, gold prices fell by 45% due to rising interest rates, so indeed both in investment and gold trading still contain risks that must be anticipated.

Absolutely right, and in the country where I live, gold can only be bought in official state banks, and they take great advantage of this, as if they had merged into one Monopoly.
And the whole difficulty of successful gold trading is that banks give a huge spread on buying and selling gold from them.
The spread between the rates is 11% and for me it's just a huge gap.
That is, if you entered into a deal, you would only reach zero profitability when the price increases by 11%.