The price of silver is always changing, which is why it’s such a popular investment. Some years it enjoys a rise in price, while other see it falling. In 2017, the price hovered between the $15 and $18 mark for an ounce. This wasn’t a surprise for many experts, but it was hoped the increase would have been bigger.
Does that mean the price is set for a rise in 2018? It certainly looked that way at the beginning of the year when the highest price was $17.37. At the time of writing, it had dropped slightly by a little less than a dollar. Certain factors are going to affect the performance of silver over the next few months. Let’s look at what these are before sharing some expert opinions.
Three Factors That Could Affect Silver Prices in 2018
Geopolitical issues – these affect the price of precious metals in a big way. Around the world, all eyes are on Trump. When he won the election almost two years ago it was thought that the demand for precious metals would increase. This would in turn increase the price of both gold and silver. The instability that Trump has fuelled has so far failed to result in high prices for silver. What 2018 has in store is still uncertain, especially regarding Trump and relationships with North Korea.
Interest rates – also have a big effect on the price of assets such as gold and silver. Low interest rates result in a better performance of precious metals. 2017 saw a number of interest rate rises but gold prices rose. Silver on the other hand remained much the same. The number of rate changes planned for 2018 is currently unknown, but it is expected that they will continue to rise. It is … » Read more
Understanding your trading platform is very crucial to your success. The novice traders don’t spend enough time to learn the proper way of currency trading. They start trading the market based on their gut feelings. Such aggressive actions from the new traders might help them to secure some big winners but consider the long-term fact it’s just a waste of time and money. You have to understand the importance of the manual trading system. In the eyes of the expert Singaporean traders, emotional trades are nothing but the key ingredients to ruin your trading career. So it’s your call whether you will invest your money in emotions or start trading the live market by using rational logic. Every successful trader knows the use of advanced features of their trading platform. They never place any trade without assessing the risk factors. Now we are going to discuss the most used tools in a professional trading platform.
The simple trend line tools
Every successful trader knows the importance of market trend. They never place any trade without finding the strength of the market trend. Finding the market trend is not all hard since you have your trend line tools. Connect three higher highs or higher lows and you will get your desired trend line. When you use these tools, you have to consider the daily or weekly time frame. If you use the lower time frame signal it will be really hard for you to assess the quality of your trade setup.
Support and resistance level
Support and resistance level is the key area where the traders look for potential trade setup. You don’t have to do the complex calculation to find the key trading zones of this market. Just use the simple horizontal lines to find your key support and resistance … » Read more
Currently, trading has become something reasonable, but still a small number of investors who really master the trading itself. In early trading, beginner traders often experience obstacles and blame it on market fluctuations. The real reason forex traders to lose is their approach to trading itself. Here are 4 things to avoid in order to succeed in trading. For more information, please visit trading tools
Overtrading is the main reason most traders struggle to gain momentum in the forex market. Overtrading occurs when trading with lots is too large or too frequent. As a result, traders experience a lack of capital, targets become unrealistic, and even trading saturation (trading fatigue). The solution is to train our approach to using only objective logic and methods. Plan your trading and take your position appropriately.
2. Not adjust to market conditions
In forex trading, we have to adapt to market conditions and do not rely on one strategy alone. The forex market is dynamic so traders must be able to discuss market climate changes and risks throughout trading. Remember, every risk must also have a chance to make a profit. Follow financial news and trend changes, and understand monetary policy.
3. Risk management is bad
Big and small our initial capital, we must have a risk management mechanism to protect if conditions worsen. Risk management is an important part of the trading strategy, which serves to avoid a big loss. With proper risk management, we can ensure the amount of loss will not be great.
4. Unrealistic expectations
Forex trading is not a get rich quick scheme, but one form of investment that has financial and psychological pressures. Therefore, every forex trader both expert and newbie must understand that the key to success is consistency and patience.
The desire to make … » Read more